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Merely by admission of appeal against ITAT order, Revenue can not get over it. Supreme Court upholds High Court’s order and dismisses SLP of the Department ABCAUS Case Law Citation: ABCAUS 2436 (2018) 07 SC The assessee was a charitable trust registered u/s 12A of the Income Tax Act, 1961 (the Act). During the course of assessment …
CBDT directed to substitute software enabling opt out from mandatory PAN-Aadhaar Linkage for filing return filing till 31.03.2019 in line with CBDT Circular ABCAUS Case Law Citation: ABCAUS 2435 (2018) 07 HC The instant Petition was filed in the High Court praying for direction that they be allowed …
GST Council to hold exclusive meeting on MSME Sector grievances on 4th August 2018 GST Council meeting on MSME Sector -Trade Representations and grievances on GST GST Council in its 28th Meeting held on 22nd July, 2018, decided to have a Meeting exclusively to focus upon the issues/hardships …
Section 40A(3) applicable only when payment of expenses is made in cash exceeding specified sum and not to the payment of advances-ITAT ABCAUS Case Law Citation: ABCAUS 2434 (2018) 07 ITAT The Appellant assessee had filed the present appeal against the order passed by CIT(A) inter alia in …
Allahabad High Court ask Govt. to take action against Joint Commissioner Sales tax Azamgarh for not complying with order. He has even no minimum courtesy as to how he should appear before the Court, remarked the High Court ABCAUS Case Law Citation: ABCAUS 2433 (2018) 07 HC The …
CBDT has transferred 50 Additional/Joint Commissioners of Income Tax. The transfer/posting had been made locally with immediate effect. The City wise break up of the transfers is as under: Delhi 42 Mumbai 6 Karnataka & Goa 1 Tamil Nadu and Puducherry 1 Download CBDT Order Click Here >>
Identification of Benami Properties-More than 1600 provisional attachments made in Benami Transactions The Minister of State for Finance in Rajya Sabha stated that the Prohibition of Benami Property Transactions Act 1988 as amended by the Benami Transaction (Prohibition) Amendment Act, 2016 seeks to prohibit the Benami Transactions irrespective of the method by which the Benami Property is …
Government quotes Swiss Authorities to defend rise in Swiss Bank Deposits of Indians. However Swiss Authorities appears to have made a general assertion that more often than not, the media misinterpret figures resulting in misleading headlines and analyses. The Minister of State for Finance in written reply to a question …
Profit, losses, GNPAs of Public Sector Banks Asset Quality Review (AQR) carried-out in 2015 for clean and fully provisioned bank balance-sheets revealed high incidence of NPAs. Expected losses on stressed loans, not provided for earlier under flexibility given to restructured loans, were reclassified as NPAs and provided for. …
No Cash display boards in ATMs-recent increase in demand for currency which led to high ATM usage attributable to seasonal and structural issues No Cash display boards in ATMs The Minister of State for Finance told Rajya Sabha today that the Government is aware of the newspaper reports that …
