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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 …
Deduction u/s 80P(2) not allowed for unexplained income assessed u/s 68 of the Act. The addition u/s 68 did not increases income allowable for deduction u/s 80P ABCAUS Case Law Citation: ABCAUS 2973 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: A. Govindarajalu Mudaliar vs. …
Proof of address of individual prisoner in a jail – Amendment to PMLA Maintenance of Records Rules MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th May, 2019 G.S.R. 381(E).—In exercise of the powers conferred by sub-section (1) read with clauses (i), (jjj) and (k) of …
Penalty u/s 271(1)(b) deleted when assessment was framed u/s 143(3) proving that the assessee had cooperated in the assessment proceedings ABCAUS Case Law Citation: ABCAUS 2972 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: Pramila Kumari Vs DCIT (2011) 49 CCH 0401 In the instant …
RBI extends RTGS Timings for Customer Transactions from 4:30 pm to 6:00 pm from 1st June 2019 Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions As per RBI notification, timings for customer transactions (initial cut-off) in RTGS shall be extended from 4:30 pm …
Deduction u/s 54F for house purchased from father in law allowed when he was assessed to long term capital gain with reference to sold house ABCAUS Case Law Citation: ABCAUS 2971 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: In this appeal, the assessee had …
Arrest under GST Act for ITC scam by fake invoices – Supreme Court dismisses SLP. High Court had held that such acts are threat to the very implementation of a law within a short duration of its inception. ABCAUS Case Law Citation: ABCAUS 2970 (2019) (05) SC The …
The Prohibition of Benami Property Transactions (Conditions of services of Members of Adjudicating Authority) Rules, 2019 MINISTRY OF FINANCE (Department of Revenue)
Transfer of the property by irrevocable power of attorney not valid mode of transfer u/s 2(47). ITAT follows Supreme Court judgment against section 2(47)(vi) ABCAUS Case Law Citation: ABCAUS 2969 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: Suraj Lamp Pvt Ltd v/s State of …
