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No further disallowance when income is computed u/s 44AD. ITAT directs AO to make assessment u/s 44AD as desired by assessee who earlier declared lower net profits ABCAUS Case Law Citation: ABCAUS 2989 (2019) (06) ITAT The only issue in this appeal filed by the assessee was against …
ITAT reduced addition u/s 69A for cash deposits in bank by estimating the income assessee might have saved from the past incomes ABCAUS Case Law Citation:ABCAUS 2988 (2019) (06) ITAT The appeal was filed by the assessee HUF against the order of Commissioner of Income Tax (Appeals) in …
CBI arrested an Enforcement Officer of EPFO and a Private Consultant in a bribery case. The Central Bureau of Investigation has arrested an Enforcement Officer, Employees’ Provident Fund Organisation (EPFO), Ujjain (Madhya Pradesh) and a Consultant (Private person) in a bribery case. The complainant was a contractor engaged …
CBDT also extends due date for issue of TDS certificate in Form 16 for FY 2018-19 to 10th July 2019. Due date for filing Form 24Q was already been extended to 30.06.2019 vide order dated 3rd June 2019 F.No.275/38/2017-IT(B) Government  of India Ministry of Finance Department of Revenue …
Implementation of PGA  eSANCHIT-Paperless Processing under SWIFT Uploading of Licenses/Permits/Certificates/Other Authorizations (LPCOs) by PGAs Circular No.13 /2019-Customs (Central Board of Indirect Taxes and Customs) Dated: 3rd June, 2019 To All   Principal   Chief Commissioners/Chief Commissioners       of  Customs, Customs & Central Taxes and Customs (Preventive).All Principal Commissioners/Commissioners of Customs, Customs …
Simplified auto-registration of beneficiaries (IEC holders) on ICEGATE for eSANCHIT and other benefits Circular No.14/2019-Customs F.No. 450/148/2015-Cus-IVGovernment of India Ministry of Finance Department of Revenue(Central Board of Indirect Taxes and Customs) Dated: 3rd June, 2019 ToAll Principal Chief Commissioners/Chief Commissioners of Customs, Customs & Central Taxes and Customs …
CBIC issues Clarifications on filing of Annual Return (FORM GSTR-9) Press Release Clarifications on filing of Annual Return (FORM GSTR-9) The last date for filing of Annual return in FORM GSTR-9 is 30th June 2019. The trade and industry have raised certain queries with respect to filing of …
ICAI changes names of 17 Regional Councils Branches in line with revised official names of the cities THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 4th May, 2019 (CHARTERED  ACCOUNTANTS) No.1-CA.(7)/191/2019.—The Council of the Institute of the Chartered Accountants of India at its meeting held …
Revision u/s 263 quashed as AO in view the legal position made a conscious decision holding that section 2(22)(e) was not applicable to the case. ABCAUS Case Law Citation: ABCAUS 2987 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: Pradip Kumar Malhotra v CIT (2011) …
RBI blacklists S.R.Batliboi & Co. LLP for carrying out statutory audit of commercial banks for 1 year RBI blacklists S.R.Batliboi & Co. LLP, Chartered Accountants for carrying out statutory audit assignments in commercial banks for one year starting from April 1, 2019. The above action is the outcome …
