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The “Yeddy Diaries” entries prima-facie of doubtful nature- CBDT refutes media report The Congress today demanded an investigation after a report was published in news magazine “The Caravan” alleging payoffs by former Karnataka Chief Minister BS Yeddyurappa to BJP’s national leaders, its central committee, and judges and advocates”. …
Extension of IGST/Compensation Cess exemption under Advance Authorisation, EPCG & EOU scheme upto 31.03.2020. Amendments to FTP 2015-2020 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION No. 57 /2015-2020 New Delhi, the 20th March, 2019 Subject: Amendments to Foreign Trade Policy 2015-2020 …
Section 50C can be applied after claiming exemption u/s 54EC of the Income Tax Act. Any other interpretation would render the provisions redundant – High Court ABCAUS Case Law Citation: ABCAUS 2836 (2019) (03) HC Important Case Laws Cited/relied upon by the parties CIT Vs. Amarchand N. Shroff, (1963) 48 ITR 59 (SC) CIT Vs. Vadilal Lallubhai (1972) 86 ITR 2 (SC) K.P. …
No deemed dividend u/s 2(22)(e) when assessee not the beneficial owner of shares. Issue pending before larger bench of Supreme Court was not relevant – High Court ABCAUS Case Law Citation: ABCAUS 2835 (2019) (03) HC Important Case Laws Cited/relied upon by the parties Universal Medicare National Travel …
Seat of ITAT not AO decides jurisdiction of High Court to which appeal would lie. High Court explains the law on jurisdiction over ITAT ABCAUS Case Law Citation: ABCAUS 2834 (2019) (03) HC Important Case Laws Cited/relied upon by the parties CIT Vs. Sahara India Financial Corp. Ltd. …
Amount forfeited on default of installment for purchase of property was capital in nature as the amount was fixed irrespective of which installment the assessee failed to pay – High Court ABCAUS Case Law Citation:ABCAUS 2833 (2019) (03) HC Important Case Laws Cited/relied upon by the parties Commissioner …
IT Department geared up to curb use of black money and cash inducements in elections. 24X7 Control Room, QRT and strengthened Air Intelligence Units deployed. Callers need not disclose personal details. The Director General (DG) of Income Tax (Investigation) Shri K. K. Vyawahare during a press conference on …
Insolvency & Bankruptcy Application to Adjudicating Authority Amendment Rules 2019. Changes to Form-1 & Form-5 Applications by financial/operational creditor MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 14th March, 2019 G.S.R. 222(E).— In exercise of the powers conferred by clauses (c), (d), (e) and (f) of sub-section (1) …
Attachment of property during PMLA investigation to be 365 day instead of 90 days from 20.03.2019 Notification MINISTRY OF FINANCE (Department of Revenue) Notification No. 1/2019 New Delhi, the 19th March, 2019 G.S.R. 225(E).—In exercise of the powers conferred by section 22 of the Finance Act, 2019 (7 …
Justice (Retd.) Pinaki Chandra Ghose appointed the first Lokpal of India The President of India has appointed Justice (Retd.) Shri Pinaki Chandra Ghose as the first Lokpal of India. Shri Pinaki Chandra Ghose (born 28 May 1952) is a retired judge of the Supreme Court of India. Prior …
