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Expenditure on advertisement and brand promotion allowed in the year in which incurred wholly and exclusively for the purposes of business ABCAUS Case Law Citation: ABCAUS 2907 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Madras Industrial Investment Corporation Ltd. v. CIT 225 ITR 802 …
RBI invites application for Scholarship Scheme for Faculty Members from Academic Institutions for undertaking short term research The Reserve Bank of India invites application as per prescribed format from full-time faculty members, teaching economics or finance in any University Grants Commission (UGC) or All India Council for Technical Education …
Dismissing appeal ex-parte by CIT(A) on very first date of hearing without giving proper opportunity to the assessee to prepare the case was unjustified – ITAT ABCAUS Case Law Citation: ABCAUS 2906 (2019) (05) ITAT The appeal by Assessee was directed against the Order of the CIT(A) whereby …
Company Secretaries to declare PAN / Aadhaar (optional) while making online payment of annual membership fees /applying for ICSI Fellow membership Advisory for Members of ICSI Members would henceforth be required to declare their PAN (mandatory) and Aadhaar / UID Number (optional) at the time of making online …
Media report of reduction in numbers of e-filed ITR during FY 2018-19 incorrect says Finance Ministry. e-filing of Income Tax Returns registers an increase of 19%. There have been some incorrect reports in media pertaining to reduction in numbers of Income Tax Returns (ITR) e-filed during Financial Year …
ICAI May 2019 Exams-Zone/City shifting of candidates IMPORTANT ANNOUNCEMENT May 6th, 2019 Subject: Zone / City – shifting of candidates for MAY – 2019 CA Exams Due to paucity of accommodation in certain Zones opted by the candidates in the cities of Ahmedabad, Bengaluru, Bhopal, Chennai, Delhi, Hyderabad, Mumbai, …
What is principal business of assessee is very tricky question-High Court remands case to ITAT to examine applicability of exception u/s 73 of the Act ABCAUS Case Law Citation: ABCAUS 2905 (2019) (05) HC Important Case Laws Cited/relied upon by the parties Commissioner of Income Tax west Bengal-II …
ICAI 49th Campus Placement Programm. Substantial rise in Highest salary and jobs offered ICAI Press Release- ICAI 49th Campus Placement Programme Over 69 years ago, ICAI was established with about 1700 members and has grown to over 2.90 lakh members. ICAI and the profession have touched new heights …
When bank interest was declared in ITR, it cannot be said that bank account was not disclosed to the Revenue ABCAUS Case Law Citation: ABCAUS 2904 (2019) (05) ITAT The instant appeal was filed by the Assessee against the Order of the CIT(A) on the issue of addition …
Section 41(1) addition can not be invoked without any material evidence. High Court upheld quashing of addition made on account of remission/cessation of trade liability. ABCAUS Case Law Citation: ABCAUS 2903 (2019) (05) HC The appeal was filed by the Revenue against the order passed by the Income …
