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Prosecution u/s 278B without proof of service of notice u/s 2(35) expressing intention treating a person as Principal Officer of the Company quashed ABCAUS Case Law Citation:ABCAUS 2740 (2019) (01) AC Important Case Laws Cited/relied upon:V.P. Punj Vs. Asstt. CIT, 2001, 119 TAXMAN 543 Delhi, Sushil Suri and Ors. Vs. State & Ors. (2008) 303 ITR 86 Madhumilan Syntex Ltd. and Ors. Vs. Union of India (SC)Greatway (P) Ltd. & Ors. Vs. Asstt. CIT, 199 ITR 391 (P&C),ITO Vs. Roshini Cold Storage (P) Ltd. and Ors., (2000) 245 ITR 322 (Mad)Income Tax …
ITAT analyses validity of notice u/s 143(2) by non jurisdictional AO. On objection, AO obligated to refer matter for determination of jurisdiction u/s 124(2) ABCAUS Case Law Citation: ABCAUS 2739 (2019) (01) ITAT Important Case Laws Cited/relied upon: ACIT Vs. Hotel Blue Moon (2010) 321 ITR 362 (SC) …
When assessee during assessment proceedings voluntarily admitted mistake then mere absence of revised return would not justify penalty u/s 271(1)(c) ABCAUS Case Law Citation: ABCAUS 2738 (2019) (01) ITAT Important Case Laws Cited/relied upon: CIT Vs. Man Industries Ltd.(2018) 164 DTR (Bom) 165 CIT Vs. Somany Evergreen Knits …
Non application of section 56(2)(viia) to fresh issue of shares contrary to express provisions and legislative intent – CBDT clarifies again Circular No. 03/2019 F.No. 173/616/2018-ITA.IGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes) North Block, New Delhi,Dated the 21st January, 2019 Subject: Applicability of section …
Amendment to Provident Fund / Pension rule for IBBI Chairperson & whole-time members MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th January, 2019 G.S.R. 41(E).—In exercise of the powers conferred by clause (zd) of sub-section (2) of section 239, read with sub-section (5) of section 189 of the …
Issue of securities in dematerialised form not to apply to Nidhi Government company or wholly owned subsidiary. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 22nd January, 2019 G.S.R. 43(E).—In exercise of the powers conferred by section 26, sub-section (1) of section 27, section 28, section 29, sub-section (2) …
MCA Notified MSME Form I half yearly return for furnishing information of outstanding dues to Micro or small enterprises suppliers. Ministry of Corporate Affairs (MCA) had issued notification number S.O. 5622(E), dated the 2nd November, 2018 directing that all companies, who get supplies of goods or services from micro and small enterprises …
The Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations 2019-Member of promoter group to also make disclosure SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 21st January, 2019 SECURITIES AND EXCHANGE BOARD OF INDIA(PROHIBITION OF INSIDER TRADING) (AMENDMENT) REGULATIONS, 2019 No. SEBI/LAD-NRO/GN/2019/02.─In exercise of …
For discrepancy in salary figure between Form No. 16 and 26AS it cannot be said that the assessee has concealed amount or furnished inaccurate particulars of income – ITAT ABCAUS Case Law Citation: ABCAUS 2737 (2019) (01) ITAT During scrutiny proceedings u/s 143(3) of the Income Tax Act, …
CBDT gives 21 days time to ITR non-filers to file their returns for AY 2018-19 CBDT identifies non-filers through Non-filers Monitoring System (NMS) by using Data Analytics and request the Non-filers to assess their tax liability for AY 2018-19 and file the Income Tax Returns (ITR) or submit …
