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Share Capital/Premium can not be regarded as undisclosed income. High Court deleted addition made for share premium u/s 68 ABCAUS Case Law Citation: ABCAUS 2478 (2018) 08 HC Important Case Laws Cited/relied upon: Commissioner of Income Tax v. Electro Polychem Ltd. (2007) 294 ITR 661, Commissioner of Income …
ICAI opens bank account for collecting donations for Kerala Flood Relief. The collected amount will be given to Prime Minister national Relief Fund ICAI Kerala Flood Relief Fund The recent flood in the state of Kerala has caused extensive devastation. A large number of people have died and …
Duty free clearance of materials imported for flood relief in Kerala. Organizations not covered by public interest notification may apply adhoc exemption. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS OFFICE OF THE CHIEF COMMISSIONER CENTRAL TAX, CENTRAL EXCISE & CUSTOMS …
CBDT specifies cases to be contested on merits notwithstanding tax effect as per CBDT Circular No. 3/2018 increasing threshold monetary limits for Appeals F No 279/Misc. 142/2007-ITJ (Pt) Government of India Ministry of Finance Department of Revenue Central Board Direct Taxes New Delhi the 20th August, 2018 To, …
Extension of Last Date of Multipurpose Empanelment Form for the Year 2018-19 In view of flood in Kerala, approaching last dates of various regulatory compliances with CBDT & MCA etc. and considering the requests received from fraternity across the Country, ICAI has extended the last date for submission of online …
Procedure for valuation of inventory from tag price during survey u/s 133A-Cost price has to be determined and due deduction to be given towards direct expenses – ITAT ABCAUS Case Law Citation: ABCAUS 2477 (2018) 08 ITAT Important Case Laws Cited/relied upon: CIT v. S. Khader Khan Son, …
ICAI ties up with tax portals to provide access to their website contents at concessional price to its members. Comparison of the offer ranks of the portal The Institute of Chartered Accountants of India (ICAI) has entered into an arrangement with different taxation related online portals/websites to provide …
ICAI Advanced ICITSS – Advanced IT Test scheduled on 19.08.2018 in Kerala cancelled due to heavy rains / floods and disruption of normal life Advanced ICITSS – Advanced IT Test – ICAI Announcement Due to heavy rains/floods and disruption of normal life in the state of Kerala, the Chartered Accountants …
Payments made by University to affiliated colleges for conducting examinations in different centres were reimbursement and not fee for technical services u/s 194J – ITAT ABCAUS Case Law Citation: ABCAUS 2476 (2018) 08 ITAT The instant appeal was filed by the assessee against the order of Commissioner of …
The jurisdiction cannot be challenged after expiry of time limit prescribed u/s 124(3). The challenge to jurisdiction is different from challenge to transfer of jurisdiction – ITAT ABCAUS Case Law Citation: ABCAUS 2475 (2018) 08 ITAT The instant appeal was filed by the assessee against the order of …
