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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, …
Convents under the Generalate not entitled to 12A Exemption unless a separate entity, entitled to hold property for themselves and has absolute control of its affairs without interference from the Generalate ABCAUS Case Law Citation: ABCAUS 2407 (2018) 07 HC The instant appeal was filed by the assessee …
High Court declines to entertain Writ Petition against income tax penalty order in view of alternative remedy available by way of appellate provisions ABCAUS Case Law Citation: ABCAUS 2406 (2018) 07 HC The petitioner assessee had not submitted his return of income an audit reports for the relevant …
Specified securities for investment by Trust-Minimum AA rating required for listed debt securities, banks Basel III Tier-I bonds & infrastructure debt instruments MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 9th July, 2018 S.O. 3364(E).—In exercise of the powers conferred by section 20 of the Indian …
No disallowance u/s 36(1)(iii) can be made for cash-in-hand over the certain period of time unless cogent material is brought to show that it was utilized for undisclosed purpose – ITAT ABCAUS Case Law Citation: ABCAUS 2405 (2018) 07 ITAT The instant appeal by the assessee was directed …
Non Satisfaction of AO to suo moto disallowance by assessee u/s 14A has to be an objective satisfaction with notice and opportunity to assessee-Supreme Court dismisses Revenue’s SLP ABCAUS Case Law Citation: ABCAUS 2404 (2018) 07 SC The assessee was a limited company. In its Return of Income for the relevant Assessment Year it had on its …
ICAI introduces UDIN to be generated for documents-certificates issued by CAs. The UDIN shall be registered with UDIN portal. FAQ and Guide Unique Documents Identification Number (UDIN) is a unique number which is to be generated for every document certified / attested by practicing chartered accountants and will …
