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AO can not enhance assessment on an order of remand by ITAT. The Tribunal has no power to enhance assessment in appeal-High Court ABCAUS Case Law Citation: ABCAUS 2291 (2018) (04) HC The appellant assessee had filed the instant appeal was filed u/s 260A of the Income Tax …
CBDT warns salaried taxpayers for under-reporting of income or inflate deductions Centralized Processing Center, Bengaluru Income Tax Department Advisory Bengaluru, 16th April, 2018 Sub: Cautionary Advisory on Reports of tax evasion by under-reporting income or inflating deductions/Exemptions by salaried taxpayers. The Income Tax Department has from time to time …
Roll out of intra-State e-way bills in 6 more states from 20th April 2018 As per the decision of the GST Council, e-Way Bill system for all inter-State movement of goods has been rolled out from 01st April, 2018. As on 15th April, 2018, e-Way Bill system for intra-State movement of …
Central Goods and Services Tax (Fourth Amendment) Rules 2018-Notification Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 21/2018 – Central Tax New Delhi, the 18th April, 2018 G.S.R……(E).- In exercise of the powers conferred by section 164 of …
UP Govt has no power to require TDF for inter state goods movement. Seizure of vehicle for want of TDF was illegal as E-way Bill System was not notified by Central Govt.-Allahabad High Court UP Govt had no power to require TDF for inter state goods movement. Seizure of …
Misbehaviour and harassment by Sr. Officers of the Income Tax Department-Advisory Principal Director General of Income Tax (Administration & TPS) has issued an advisory to all Pr. Chief Commissioners of Income Tax on the issue of complaints received regarding misbehaviour by Senior Officers of the Department. Misbehaviour and …
in-built security and privacy features in Electoral Bonds Government clarifies in-built security features of the Electoral Bonds Random Serial Number, invisible to the naked eye, present on the Bond not linked to any party transaction or cannot be used for tracking the transactions SBI does not share the …
Government assures supply of currency notes to ATMs to meet unusual spurt in demand Government reviews the currency circulation in the country Government and RBI have taken all steps to meet unusual demand of the currency Adequate reserves of currency to meet the rising demands Non Functional ATMS to be …
Dealers opting composition levy not required to furnish details of inward supply in Form GSTR-4-Clarification Clarification on the manner of filing the Quarterly Return by Composition Dealers in FORM GSTR-4 Doubts are being raised about the manner of filing the quarterly return by composition dealers in FORM GSTR-4. In …
Deduction 54F-House used for commercial activity not counted for limit of one residential house on the date of transfer of the original asset- ITAT ABCAUS Case Law Citation: ABCAUS 2289 (2018) (04) ITAT The appellant assessee was aggrieved by the order That the CIT(Appeals sustaining the addition made …
