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Income Tax Department to share assets information of loan defaulters with PSB as per Schedule AL to ITR which contains particulars of assets and corresponding Liabilities F. No.225/148/2019/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block New Delhi, dated 25th June, …
ITAT warns of awarding cost for AO not following guidelines of Supreme Court in GKN Driveshaft where assessee objects to reassessment ABCAUS Case Law Citation: ABCAUS 3032 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: ITO v. Lakhmani Mewal Das 103 ITR 437 (SC) ITO …
Delay in filing electronic appeal due to non updation of mobile no. in aadhar so as to verify the OTP was held as sufficient reasons ABCAUS Case Law Citation:ABCAUS 3031 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties:Collector Land Acquisition Vs. Mst. Katiji & Others, …
Govt proposes to integrate FASTag Bank Mechanism with e-way bill to check GST evasion The Government proposes to integrate a FASTag Bank Mechanism with e-way bill and Logistic Data Services to track movement of goods and check GST evasion. The Government is contemplating integration of E-Way Bill mechanism …
Exemption of pension granted to disabled armed forces personnel available to all ranks but not to those retired on superannuation or otherwise CIRCULAR No. 13/ 2019 F. No. 173/250/2019-ITA-1 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi the …
Auditor’s certificate on return of deposits pursuant to Rule 16 of the Companies (Acceptance of Deposits) Rule 2014. MCA has clarified that Auditor’s Certificate under Rule 16 is mandatory only in case of return of deposits as mentioned in the instruction kit given with e-Form DPT-3. The MCA was …
Pending grievances on CPGRAMS and e-Nivaran due to lackadaisical attitude of authorities – CBDT Chairman stresses on timely and proper redressal of public grievances related to income tax CBDT Chairmana Shri P. C. Mody has stressed on Timely and proper redressal of Public Grievances. In his recent message …
Addition on account of notional annual value u/s 23(5) of property held as stock in trade deleted by ITAT as sub section (5) was inserted later ABCAUS Case Law Citation: ABCAUS 3030 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: CIT vs. Ansal Housing Finance …
Sale of shares-Capital Gain or business income ? ITAT explains law in assessee’s favour quoting CBDT Instructions / Circulars and various judgments/case laws ABCAUS Case Law Citation: ABCAUS 3029 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: Ramilaben D.Jain V/s. ACIT 97 Taxmann.com 217 Ratanlal …
Revision u/s 263 ordered for dropping penalty proceedings u/s 271(1)(c) set aside as AO took a view by adopting a plausible view ABCAUS Case Law Citation: ABCAUS 3028 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: MAK Data Pvt. ltd. Vs. CIT (2013) 358 ITR …
