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No Penalty u/s 271(1)(b) when as per the assessment order, the assessee appeared time to time and explained return, furnished documents as requisitioned and case was heard and discussed – ITAT ABCAUS Case Law Citation: ABCAUS 2578 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: …
Dealers opting composition Scheme need not furnish the data in serial number 4A of Table 4 of FORM GSTR-4 – Finance Ministry Finance Ministry has clarified the doubts regarding the manner of filing the Quarterly Return by Composition Dealers in FORM GSTR-4 in the absence of auto-population of …
Trust receiving donations under no obligation to verify the source of fund of donor or whether such fund was acquired by any unlawful activity- High Court ABCAUS Case Law Citation: ABCAUS 2577 (2018) (10) HC Important Case Laws Cited/relied upon by the parties: CIT v. Red Rose School …
Designated Special Courts for trial of offences punishable under the provisions of Prohibition of Benami Property Transactions Act 1988 MINISTRY OF FINANCE (Department of Revenue) Notification No. 67/2018 New Delhi, the 16th October, 2018 S.O. 5323(E).—In exercise of powers conferred by sub-section (1) of section 50 of the …
Educational services by Indian Institutes to NRIs eligible for SEIS benefits under the FTP 2015-20 Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Policy 3 Division Policy Circular  No.  13/2015-2020 Dated:  05.10.2018 To, All Regional Authorities of …
Advisory for Taxpayers to file GST Refund Application for Multiple Tax period, grounds of refund, GST-RFD-01A, restrictions and invoice locking etc. 1. Refund application filing for multiple tax period is available for below grounds of refund: a. Export of Goods & Services-Without payment of Tax b. Export of …
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 UNPRECEDENTEDÂ Â TAX Â 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 Â (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 …
