Author: administrator

Repetition in calculating amount of escaped income was non-application of mind by the AO who persisted with his mistaken belief in rejecting objections but also in adding the entire amount to the returned income – High Court ABCAUS Case Law Citation: ABCAUS 2412 (2018) 07 HC The instant …

Use of Aadhaar in Ayushman Bharat – Desirable and not “Must”  Some newspapers have reported today that the use of Aadhaar Card will be a “must” to avail benefits under the Ayushman Bharat – National Health Protection Mission. This is factually incorrect. Notification of the Ayushman Bharat – …

When sales accepted as genuine, entire purchases cannot be treated as bogus and added to the income but the profit element – ITAT ABCAUS Case Law Citation: ABCAUS 2411 (2018) 07 ITAT The instant appeal was filed by the assessee against the order of the CIT(A) in The …

Disallowance of Partners remuneration of CA firm deleted by ITAT as the deed mentioned the method of quantification u/s 40(b)(v) of the Income Tax Act ABCAUS Case Law Citation: ABCAUS 2410 (2018) 07 ITAT The instant appeal was filed by a chartered accountants firm against the order of …

CCI passes order under Lesser Penalty Provisions against broadcasting service providers for rigging bids in tenders by Sports Broadcasters  This case was taken up by Competition Commission of India (‘CCI’) suo motu under Section 19 of the Competition Act, 2002 (‘the Act’) based on the disclosure by Globecast India Private …

Increase in threshold monetary limits for filing Departmental Appeals at Appellate Tribunals, High Courts and the Supreme Court Major Steps taken for Reducing Tax Litigations  In order to reduce the long pending grievances of taxpayers and to minimise litigations pertaining to tax matters and to facilitate the Ease …

Director of a company arrested for evasion of Service Tax  Officers of CGST Delhi North Commissionerate have arrested one Director of a Company for evasion of Service Tax. The Company had collected more than Rs. 3 Crores as Service Tax from its clients but had not deposited the …

Penalty for concealment can not be imposed when notice issued was for furnishing inaccurate particulars of income – ITAT ABCAUS Case Law Citation: ABCAUS 2409 (2018) 07 ITAT The instant appeal was filed by the assessee against the order of the CIT(A) against the confirmation of penalty levied …

Limitation for passing penalty order u/s 275 not apply where case is transferred to another AO causing delay in initiation of penalty– High Court reverses ITAT decision ABCAUS Case Law Citation: ABCAUS 2408 (2018) 07 HC The instant appeal was filed by the assessee against the order of …

Government invites comments on Draft proposals for amending GST Laws – Last date of submission is 15th July, 2018 Draft proposals for amending GST Laws published for comments of the stakeholders till 15.07.2018. In order to engage with the stakeholders and invite comments from the public at large, …