Author: administrator
Companies to file half yearly return of over dues to MSME with MCA where dues exceed forty five days from the date of acceptance of the goods or services MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES NOTIFICATION New Delhi, the 2nd November, 2018 S.O. 5622(E).—In exercise of powers conferred …
ICAI Professional Misconduct order quashed on the issue of limitation period on entertaining complaint or information and remanded back to the Disciplinary Committee ABCAUS Case Law Citation: ABCAUS 2607 (2018) (11) AA Important Case Laws Cited/relied upon: Sunderdas Thakersey and Brothers V/s P K Mukherji, AIR 1966 Cal 468 Kishori …
False declaration of trucks by transporter-assessee cannot be held guilty for non deduction of TDS u/s 194C as his liability ceased with declaration ABCAUS Case Law Citation: ABCAUS 2606 (2018) (11) ITAT Important Case Laws Cited/relied upon: Steel Authority of India Limited v. Additional Commissioner of Commercial Tax …
Guidelines regarding circumstances in which Input Tax Credit has to be blocked /unblocked from Electronic credit ledger On the subject captioned above, it is intimated that GSTN has recently released API for application of the functionality for blocking and unblocking of Input Tax Credit by the statutory authorities …
Examination for Confirmation of Enrollment of GST Practitioners to be conducted on 7th December, 2018 at designated Examination Centres across India The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized to conduct an examination for confirmation of enrollment of Goods and Services Tax Practitioners …
Compensation received on termination of export contract eligible for deduction u/s 10A being in the course of export business – High Court ABCAUS Case Law Citation: ABCAUS 2605 (2018) (11) HC Important Case Laws Cited/relied upon: Commissioner of Income Tax and Anr. vs. Tata Elxsi Ltd. : (2012) …
Period for discharge of functions by Adjudicating Authority and Appellate Tribunal under Benami Properties Act. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 1st November, 2018 S.O. 5608(E).—In exercise of powers conferred by section 71 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988) …
PMLA-Banks, financial institution to send client KYC records to Central Registry within 10 days. the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2018 Under sub rule (1A) of Rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, every reporting entity ( banking company, financial institution, intermediary or …
No concealment penalty can be levied for only change of head of income – ITAT deleted penalty for change head from capital gains to business income ABCAUS Case Law Citation: ABCAUS 2604 (2018) (11) ITAT Important Case Laws Cited/relied upon: M/s Crown Tradelink Pvt. Ltd. Vs. The ACIT …
No penalty u/s 271(1)(b) leviable in the case of change of counsel resulting in non compliance of notices- ITAT deleted penalty ABCAUS Case Law Citation: ABCAUS 2603 (2018) (11) ITAT The instant appeal was filed by the revenue against the order of the CIT(A) in confirming penalty imposed …