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Delay in filing appeal for negligence and laches of counsel cannot be condoned as avoidable cause for delay by due care and attention cannot be sufficient cause – ITAT ABCAUS Case Law Citation: ABCAUS 2595 (2018) (10) ITAT The appellant assessee’s appeal was directed against the order passed …
Deduction u/s 54 allowed for property purchased from wife by General Power of Attorney as transfer of immovable property by a General Power of Attorney constitute transfer of capital asset. ABCAUS Case Law Citation: ABCAUS 2594 (2018) (10) ITAT The appellant assessee’s appeal was directed against the order passed …
ICAI CASBF Scholarships for poor, needy and meritorious students to pursue the Chartered Accountancy course for one year with effect from 1st April, 2018 to 31st March, 2019 from The Chartered Accountants Student Benevolent Fund for The Year 2018-19 As per ICAI announcement in this regard, the Board of Trustees …
Expenses of little amounts inherently have some element of personal nature – ITAT upheld 10% disallowance of community and social expenses ABCAUS Case Law Citation: ABCAUS 2593 (2018) (10) ITAT The present appeal was preferred by the appellant assessee against the order of the Commissioner of Income Tax …
Gujarat Real Estate Regulatory Authority notified for exemption u/s 10(46) from assessment years 2019-2020 to 2023-2024. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 71 /2018 New Delhi, the 22nd October, 2018 S.O. 5368(E).—In exercise of the powers conferred by clause (46) of section …
NFRA power to investigate CA misconduct effecive from 24.10.2018. MCA notifies the relevant provisions of sections 132 of the Companies Act, 2013 The Ministry of Corporate Affairs has notified 24th October, 2018 as the date on which the sub-sections (2), (4), (5), (10), (13), (14) and (15) of section …
IGST Export Refunds-extension in SB005 alternate mechanism and revised processing in certain cases including disbursal of compensation Cess Circular No. 40/2018-Customs F. No: 450/119/2017-Cus-IV Government of India Ministry of Finance Dept. of Revenue (Central Board of Indirect Taxes and Customs) **** Room No. 227B, North Block, New Delhi Dated, …
Under section 71 assessee have option to set off losses against capital gains and the set off is not mandatory as revealed by legislative history – ITAT ABCAUS Case Law Citation: ABCAUS 2592 (2018) (10) ITAT Important Case Laws Cited/relied upon: Coated Fabrics (P) Ltd. vs JCIT’ 285 …
Cabinet approves appointment of Adjudicating Authority and establishment of Appellate Tribunal under Prohibition of Benami Property Transactions Act, 1988 The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the appointment of Adjudicating Authority and establishment of Appellate Tribunal under Prohibition of Benami Property Transactions Act(PBPT), …
Cabinet approves MoU between the Institute of Chartered Accountants of India and Certified Professional Accountants Afghanistan (CPA Afghanistan) The Union Cabinet chaired by the Prime Minister of India has approved the signing of a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and …