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High Court quashed the appointment of Special Auditor u/s 142(2A) when the matter was remanded on a specific issue and no complexity was involved in the adjudication ABCAUS Case Law Citation: ABCAUS 2576 (2018) (10) HC For the relevant assessment year, the petitioner’s return of income was processed …
Indian Customs has taken a series of measures to simplify Custom Processes and procedures during the last few years. Indian Customs UNPRECEDENTED TAX REFORM Enhanced Ease of Doing Business Reforms undertaken since April, 2017 An online paperless processing application, E-SANCHIT, allowing trader to submit all supporting documents for …
No concealment penalty based on circumstantial evidence of bogus purchases where the income was estimated on the basis of circumstances brought on record ABCAUS Case Law Citation: ABCAUS 2575 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT Vs. Gujarat Ambuja Export Ltd. Sanjay Oilcake …
Prohibition of Benami Property Transactions (Removal of Difficulties) Order 2018. Reference to Initiating Officer, representation by other parties MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) ORDER New Delhi, the 9th October, 2018 INCOME-TAX S.O.5194 (E).—Whereas, sub-section (1) of section 48 of the Prohibition of Benami Property Transactions Act,1988 (45 …
Release of convicts prosecuted under Income Tax Act on probation- Special Judge dismiss Revenue’s appeal delay condonation application for casual approach ABCAUS Case Law Citation: ABCAUS 2574 (2018) (10) AC Important Case Laws Cited/relied upon by the parties: Mohd. Hasim Vs State of UP State of Nagaland Vs.Lipok …
Applicability of Customs provisions to Cruise Ship/Tourism. escorting ship, obligations of domestic / international passengers, self-assessment of cruise vessels etc. Instruction No. 15/2018-Customs F.No. 450/214/2015-Cus IV Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes& Custom) Room No. 229 A, North Block New Delhi, …
Allahabad High Court issues notice to CBDT on levy of interest u/s 234A despite due date extension A Division Bench of Hon’ble Allahabad High Court in a PIL filed by Lucknow CA Tax Practitioners Association issued notice to CBDT on the issue of levy of interest u/s 234A …
High Court directs payment to Kerala Chief Minister’s Distress Relief Fund for restoration of the appeals and consideration on merits by Tribunal ABCAUS Case Law Citation: ABCAUS 2573 (2018) (10) HC Many High Courts have issued directions to Petitioners to deposit sums to Kerala Chief Minister’s Distress Relief …
For GST Practitioners enrolled after 24.09.2018 one more exam in December 2018 GST Practitioners enrolled after 24.09.2018, one more examination will be held in December 2018, date of which will be announced in due course – CBIC The GSTPs covered under rule 83(1)(b) read with second proviso to …
Amendment to instructions for preparation of Balance Sheet and Profit and Loss of a company and Ind As compliant NBFC as per Schedule III – MCA Notification GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 11th October, 2018 G.S.R. (E).—In exercise of the powers conferred by …
