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No disallowance u/s 40A(3) where payments not claimed as expenditure. ITAT deletes addition as alleged cash payment was made for purchasing fixed assets ABCAUS Case Law Citation: ABCAUS 2685 (2018) (12) ITAT Important Case Laws Cited/relied upon: ACIT V/s Jasmine Buildtech (P) Ltd The appeal was filed by …
Correction of minor head of IDS challan (111) by mistake by taxpayer or data entry mistake committed by bank branch OLTAS INSTRUCTION NO. 54 DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan ExtensionNew Delhi -110055 F. No. SW/07/01/06/OLTAS INSTRUCTION/DIT(S)II/15276 Dated: 20.12.2018 ToThe Principal Chief Commissioners of …
ICAI defers mandatory UDIN implementation to 1st Feb 2019 in a phased manner as against the earlier announced date of 1st Jan., 2019 With a view to secure the certificates/documents attested/certified by practicing Chartered Accountants and for tracing forged/wrong documents prepared by any third person misrepresenting himself as a …
Amount received on sale of prepaid cards to the extent of unutilized talk time did not accrue as income in the year of sale-High Court ABCAUS Case Law Citation: ABCAUS 2684 (2018) (12) HC Important Case Laws Cited/relied upon: Commissioner of Income-Tax Vs. Dinesh Kumar Goel 331 ITR …
Explanatory Notes to the Provisions of Finance Act 2018 CBDT has issued circular on the Explanatory Notes to the Provisions of the Finance Act, 2018. The Finance Act, 2018 as passed by the Parliament, received the assent of the President on the 29th day of March, 2018 and …
High Court quashes MCA list of disqualified directors of “struck off companies” u/s 248. Section 164(2) would have prospective and not retrospective effect ABCAUS Case Law Citation:ABCAUS 2683 (2018) (12) HC The Petitioners have challenged the action of the Ministry of Corporate Affairs (MCA) in publishing the list …
NCFE has invited entries for the Logo design and Tagline design competition. The National Centre for Financial Education (NCFE) was setup in 2013 with support from all the financial sector regulators i.e., RBI, SEBI, IRDAI and PFRDA for implementation of the National Strategy for Financial Education (NSFE). It …
Extension of the due date for furnishing of report u/s 286 (4) of the Income-tax Act 1961 by constituent entity. Circular No. 9/2018 F No 370142/17/2018 -TPL Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes**** New Delhi. Dated December 26, 2018 Order under section …
ICAI notifies list of names, membership numbers and places of the members, who have been elected to the Twenty Fourth Council of the Institute THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 24th December, 2018 (Chartered Accountants) No. 54-EL(1)/15/2018.—In pursuance of Rule 36 of the …
High Court stayed confiscation of goods made simply on confidential information received from higher authorities to stop the vehicle, without satisfying conditions of section 130 of the CGST Act ABCAUS Case Law Citation:ABCAUS 2682 (2018) (12) HC The petitioner had preferred the instant petition before the Hon’ble High …
