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Tax Authorities acting as handwriting experts holding wage register fabricated. ITAT quashed the disallowance based on probability of forged signatures ABCAUS Case Law Citation: ABCAUS 2532 (2018) 09 ITAT The assessee was a manufacturing footwear. During the assessment proceedings, it was observed by the AO that the salary …
ICSI Secretarial Standard on Report of the Board of Directors SS-4. The Standard prescribes principles for making disclosures in the Report ICSI Secretarial Standard on Report of the Board of Directors SS-4 The Companies Act, 2013, requires the report of Board of Directors of every company to be …
Reopening on the basis of alleged VDIS declaration information from CBDT quashed when AO was not having declaration / documents while recording reasons ABCAUS Case Law Citation: ABCAUS 2530 (2018) 09 HC The appellant assessee had filed an appeal against the order of the CIT(A) challenging the initiation …
CBDT Extends ITR and Tax Audit Report filing due date for AY 2018-19 to 15.10.2018. Download CBDT Order u/s 119 F.No. 225/358/2018/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, the 24th of Sept mber, 2018 Order under …
State GST Officers can also search, seizure and levy penalty for violation of Central Act as provisions of the Central and State Statutes are pari materia. After 01.02.2018, seizure / Penalty orders for alleged non-accompanying of E-Way Bill by Transporters referring to Government’s old Notification and Commissioner’s Circular …
ICAI Ready Reckoner on Regulatory Aspects of ICAI for Members & CA Firms ICAI as a part of its commitment to strengthen the Practitioners has brought out a publication of E-Book on “Ready Reckoner on Regulatory Aspects of ICAI for Members & CA Firms” for the Members of ICAI. The …
Addition u/s 68 for differences in outstanding balances not confirmed by parties cannot be made without doubting identity, creditworthiness and genuineness of transactions. ABCAUS Case Law Citation: ABCAUS 2529 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: Aurobindo Sanitary Stores vs. CIT 2005-(IT3)-GJX-0127-ORI. DCIT vs. …
Condonation of delay in filing appeal due to illness-CIT(A) ought to have asked medical certificate and affidavit and admitted appeal and disposed it on merit – ITAT ABCAUS Case Law Citation: ABCAUS 2528 (2018) 09 ITAT The appellant assessee was aggrieved by the order of CIT(A) who had …
Mere deposit of cash in bank account cannot give rise to a belief of Assessing Officer that income had escaped assessment. ITAT quashed reassessment order ABCAUS Case Law Citation: ABCAUS 2527 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: National Thermal Power Co. Ltd. vs. …
Amendment to four Ind AS. AS 20, 12, 16, 38. The Companies (Indian Accounting Standards) Second Amendment Rules, 2018-MCA Notification MCA has amended the Companies (Indian Accounting Standards) Rules, 2015. The Indian Accounting Standard (Ind AS) that have been amended are as follows: Sl No. Ind AS 1. Ind AS 20 …