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Addition for cash deposit deleted as cash withdrawals, redeposit took place during the year itself, there was no question of making addition ABCAUS Case Law Citation: ABCAUS 2978 (2019) (05) ITAT The appeal by the assessee was directed against the order passed by the CIT(A) against the confirmation …
Sovereign Gold Bond Scheme 2019-20 to be issued every month from June 2019 to Sep 2019 Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued every month from June 2019 to September 2019 …
Free Accounting & Billing Software for Micro, Small and Medium Enterprises from GSTN As per directions of GST Council, GSTN has partnered with some Billing and Accounting software vendors for providing free software to the Micro, Small and Medium Enterprises, with annual turnover under Rs 1.5 Cr, in …
Ministry of Statistics & Programme Implementation National Accounts Statistics: A clarification on the usage of MCA Corporate Database 1. This press release is being issued to clarify on the recent media reports on the usage of corporate sector database (Ministry of Corporate Affairs, MCA) in preparation of …
Notice u/s 143(2) issued by ITO of non jurisdictional ward and consequent assessment framed was invalid and hence both quashed ABCAUS Case Law Citation: ABCAUS 2977 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: Hindustan Transport Co. vs. Inspecting Assistant Commissioner 189 ITR 326 Abhishek …
Reserve Bank of India Constitutes Committee on the Development of Housing Finance Securitisation Market Reserve Bank of India, with a view to review the existing state of mortgage securitisation in India and various issues constraining market development, and to develop the market further, the Reserve Bank of India …
Last date for filing ACTIVE e Form (INC-22A) expires on 15th June 2019 and no further extension would be provided. MCA in its advisory has stated that in case ACTIVE is not filed on or before the said date, the compliance status for such companies shall be marked …
Arrest under GST Act-Supreme Court says High courts have to keep in mind the recent dismissal of SLP by it on the subject. Position in law to be clarified ABCAUS Case Law Citation: ABCAUS 2976 (2019) (05) SC The other day the Hon’ble Supreme Court had dismissed the …
Section 148 of Negotiable Instruments Act 1881 Act apply retrospectively to offence u/s 138 even where criminal complaints were filed prior to amendment Act prior to 01.09.2018. ABCAUS Case Law Citation:ABCAUS 2975 (2019) (05) SC Important Case Laws Cited/relied upon by the parties:Garikapatti Veeraya v. N. Subbiah Choudhury, reported in AIR 1957 SC 540; In the instant case …
Penalty u/s 271AAB-Cash advances recorded in diary held not undisclosed Income when assessee was not carrying on any business and declared the surrendered income in return ABCAUS Case Law Citation: ABCAUS 2974 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: DCIT, Coimbatore Vs. R. Elanyovan …
