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When assessee not maintained books of account and filed under presumptive section, cash deposit in bank were correlated to the turnover – ITAT ABCAUS Case Law Citation: ABCAUS 2767 (2019) (02) ITAT The appellant assessee had sought to set aside the impugned order passed by CIT (Appeals) in holding …
When assessment was framed u/s 144 rejection of application by CIT(A) under Rule 46A to lead additional evidence was unjustified – ITAT ABCAUS Case Law Citation: ABCAUS 2766 (2019) (02) ITAT The appellant assessee had sought to set aside the impugned order passed by CIT (Appeals), The Assessing …
RBI launches Ombudsman Scheme for Digital Transactions 2019 The Reserve Bank of India (RBI) has launched the Ombudsman Scheme for Digital Transactions (OSDT) 2019 for redressal of complaints against System Participants as defined in the said Scheme. The Scheme, launched under Section 18 of the Payment and Settlement Systems Act, 2007, …
ICAI is conducting Special Examination for members of Foreign Accounting Bodies with whom the ICAI had entered into Mutual Recognition Agreement (MRA) / Memorandum of Understanding (MoU). However, on order to appear in the Special Examination the candidate should have been registered with the ICAI and has been …
Composition Scheme to supply services up to a limit w.e.f. 01.02.2019. Interest or discount not be taken into account for determining eligibility/turnover Government of India Ministry of Finance (Department of Revenue) ORDER No. 01/2019-Central Tax New Delhi, the 1st February, 2019 S.O. (E). — WHEREAS, sub-section (1) of section …
Extension of due date for furnishing of FORM GSTR – 8 for the months of October, 2018 to December, 2018 till 07.02.2019 Government of India Ministry of Finance (Department of Revenue) ORDER No. 02/2019-Central Tax New Delhi, the 1st February, 2019 S.O.(E). — WHEREAS, sub-section (4) of section 52 …
Extension of time limit for submitting the declaration in FORM GST TRAN-1 till 31.03.2019 who could notsubmit due to difficulties on the common portal F. No. CBEC-20/06/17/2018-GST Government of India Ministry of Finance (Department of Revenue) *** New Delhi, the 31st January, 2019 Order No. 01/2019-GST Subject: Extension of …
Amendment to GST Circulars with effect from 01.02.2019 due to the GST Amendment Acts brought in force with effect from 01.02.2019 Circular No. 88/07/2019-GST F. No. CBEC-20/16/04/2018 – GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing *** …
High Court erred in holding that one bogus donation would not establish that activities of trust not genuine – Supreme Court ABCAUS Case Law Citation: ABCAUS 2765 (2019) (02) SC The Commissioner of Income tax (Exemptions) was aggrieved by the Order passed by the High Court in quashing …
Section 87A Rebate for AY 2020-21. 100% rebate up to income of Rs. 5 lakhs Interim Budget 2019-20 has proposed 100 Percent tax rebate under section 87A of the Income Tax Act 1961 up to total income of Rs. 5 lakhs. Thus, after considering deduction available under section 80C, …
