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Person summoned by CCI for investigation and recording statement has right to be represented by an advocate subject to procedure to be laid down – High Court The present appeal had been filed by the Competition Commission of India (CCI/ Appellant) against the judgment of the High Court …
Partners capital not loan or deposit within the meaning of section 269SS – ITAT confirms deletion of penalty u/s 271D for capital contributed by partner in cash. The Revenue had filed this appeal against the order of the Commissioner of Income Tax (Appeals) whereby he deleted the penalty …
Roll out of e-Way Bill system in the Maharashtra, Manipur and 5 UTs from 25-05-2018 Roll out of e-Way Bill system for intra-State movement of goods in the Maharashtra, Manipur and Union Territories (without legislature) As per the decision of the GST Council, e-Way Bill system for inter-State …
Invoking Section 56(2)(viib) to share premium received in limited scrutiny was not beyond the jurisdiction of the AO as the issue of share premium being correctly offered to tax was linked to the said section-HC ABCAUS Case Law CitationABCAUS 2348 ( 2018) 05 HC The Petitioner was a …
Two Held for Fraud Under GST Act in Delhi in case of fraudulent issuance of Input Tax Credit invoices involving evasion of approximately Rs. 28 Crores Two Held for Fraud Under GST Act in Delhi Central Tax, GST Delhi East Commissionerate arrested a Shahdara based father son-duo on …
Uploading E-forms on MCA 21 Portal not experience in management for registration as Insolvency Professionals as required under IBBI (Insolvency Professionals) Regulations 2016 ABCAUS Case Law Citation ABCAUS 2347 (2018) 05 IBBI In terms of regulation 5(b) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, …
Income Tax Department has issued an advisory/reminder on filing of Statement of Financial Transaction which is required to be filed latest by 31-05-2018 for FY 2017-18 The following category of persons are required to file online SFT: Sub-registrar Cooperative Bank Banking Company NBFC Nidhi Post Master General Issuer …
Cabinet approves restructuring of balance sheet of Scooters India Limited, Lucknow The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for restructuring of balance sheet of Scooters India Limited, Lucknow (SIL) by way of: 1. reduction of equity of Rs. …
ICAI ISA Course Assessment Test June 2018. Last Date to apply online is 5th June 2018, exam shall be held on 23rd June 2018 ICAI Information Systems Audit (ISA) Course Assessment Test June, 2018 The examination shall be conducted on 23 June 2018 at 9.00 a.m. to 1.00 …
TDS credit on conflict of cash and accrual accounting. ITAT following High Court allowed proportionate TDS when TDS only was offered to tax The appellant assessee had filed the instant appeal contesting the order of the Commissioner of Income-Tax (Appeals) confirming inter alia the TDS credit restricted by …