Author: administrator
Asking details of land improvement cost incurred 25 years ago uncalled for. ITAT allows ad-hoc deduction of 25% of cost of improvement claimed. ABCAUS Case Law Citation: ABCAUS 2509 (2018) 09 ITAT This appeal was filed by the assessee against the order of CIT(A) confirming disallowance towards cost …
No ad hoc disallowance without pointing out any deficiency in the books of account or vouchers. ITAT deletes the addition ABCAUS Case Law Citation: ABCAUS 2508 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: Commissioner of Excess Profits Tax vs. S.R.V.G. Press Co. 42 ITR …
Presiding Officers of DRT entitled to benefit of increased age under section 6 of the Recovery of Debts and Bankruptcy Act, 1993 – Supreme Court ABCAUS Case Law Citation: ABCAUS 2507 (2018) 09 SC Petitioners in the instant petitions were appointed as Presiding Officers of Debt Recovery Tribunal …
Extension of last date of filing of Form BEN-2. Time limit for filing the BEN-2 would be 30 days from date of deployment of BEN-2 e-form on MCA-21 portal General Circular No. 07/2018 F.No. 01/01/2018-CL-V GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. …
Exchange/Refund of mutilated notes. RBI (Note Refund) Amendment Rules, 2018 RESERVE BANK OF INDIA NOTIFICATION Mumbai, the 5th September, 2018 RBI/DCM (NE) No. 631/08.01.01/2018-19.—In exercise of the powers conferred by the proviso to section 28 read with sub-section (1) and clause (q) of sub-section (2) of section 58 of …
CA made a big mistake by withdrawing appeal against the penalty order on winning quantum appeal. CIT(A) was not justified to dismiss appeal as withdrawn and not deciding it on merits – ITAT ABCAUS Case Law Citation:ABCAUS 2506 (2018) 09 ITAT Important Case Laws Cited/relied upon by the …
Special Courts under Companies Act at Mizoram, Nagaland and Arunachal Pradesh for speedy trial of offences punishable with imprisonment of 2 years or more GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5th September, 2018 S.O. ……….(E).-In exercise of the powers conferred by sub-section (1) …
Monetary limit raised for filing application in Debts Recovery Tribunals by banks and financial institutions to Rs. 20 lakh rupees from ten lakh In 1981, the Committee on the Financial System examined the problem faced by the Banks and financial institutions in recovering loans and enforcement of securities charge, …
Interest u/s 201(1A) chargeable up to date of payment and not upto the date of filing of return of income by the deductees – ITAT ABCAUS Case Law Citation: ABCAUS 2505 (2018) 09 ITAT The instant appeal was filed by the appellant assessee against the Order of the …
Facility of 24×7 customs clearance made available at M/s Adani Kattupalli Sea port in Chennai, making it 20th Indian Sea port with 24×7 facility Circular No. 31/2018-Customs F.No.450/25/2009-Cus-IV Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes and Customs) **** Room No. 227 …