Author: administrator
CBDT revises Format of CA report u/s 80JJAA in respect of deduction for employment of new employees MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 104/2019 New Delhi, the 18th December, 2019 INCOME-TAX G.S.R. 937(E).—In exercise of the powers conferred by clause (c) of sub-section …
Revision u/s 263 done on issues not covered under limited scrutiny quashed as AO had already verified those issues for which limited scrutiny was conducted. ABCAUS Case Law Citation:ABCAUS 3201 (2019) (12) ITAT Important case law relied upon by the parties:Malabar Industrial Co. Ltd., (2000) 243 ITR 83(SC) …
Income Tax Act is welfare not penal legislation. intention is to provide benefit of doubt to assessee in the given facts and circumstances ABCAUS Case Law Citation:ABCAUS 3200 (2019) (12) ITAT In the instant case, the appeal was preferred by the assessee against the order of the CIT(Appeals). …
GST Councils 38th meeting held on 18th December 2019. Highlights of decisions taken on Rate Changes  Ministry of FinancePress Release GST Council’s decisions On Rate Changes The 38th meeting of the GST Council met under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. …
GST Councils 38th meeting held on 18th December 2019. Highlights of decisions taken on Law/Procedure changes. Further Extension of GSTR 9 Annual Return  Ministry of Finance Press Release GST Council’s decisions regarding Law and Procedure related changes The 38th meeting of the GST Council met under the …
Revised Returns filed belatedly after amalgamation of companies was held to be valid by the Supreme Court in view of section 170(1) of the Income Tax Act ABCAUS Case Law Citation:ABCAUS 3199 (2019) (12) SC Important case law relied upon by the parties:Marshall Sons & Co. (India) Ltd. v. ITO (1997) 2 SCC 302Kailash …
CBDT extends condonation of delay in filing Form No. 9A & Form No. 10 for Assessment Year 2017-18 CBDT vide Circular No. 7/2018 dated 20th December 2018, in order to expedite the disposal of applications filed by trusts for condoning the delay, authorized the Commissioners of Income-tax, to …
Failure of AO to apply/examine applicability of section 184(5) makes the assessment order erroneous and prejudicial to the interests of Revenue ABCAUS Case Law Citation:ABCAUS 3198 (2019) (12) ITAT Important case law relied upon by the parties:Mubarak Trading Co. v/s CIT, 174 Taxman 339Mas Properties & Developers v/s …
Reassessment u/s 148 due to credit card payment. ITAT directed AO to delete the addition made in view of returned income of the assessee ABCAUS Case Law Citation:ABCAUS 3197A (2019) (12) ITAT The instant appeal was filed by the assessee against the order of the CIT(A) in the …
CBDT promoted 113 Officers to the grade of Commissioner of Income Tax (CIT). 78 transfers have also been made in the grade of CIT including review, request and OSD cases. Also, 165 local changes in the grade of CIT has also been ordered. Read Promotion List Click Here …
