Author: administrator

Addition for cash deposited in joint bank account upheld. A professional like Advocate CA or Accountant would not open a joint bank account with his client The instant appeal was filed by the appellant assessee against the order of the CIT(A) upholding the action of the Assessing Officer …

Initiation of reopening u/s 148 by recording wrong facts not categorically rebutted by the Department held to be arbitrary and bad in law – ITAT The instant appeal was filed by the appellant assessee against the order of the CIT(A) upholding the reassessment proceedings and re-assessment order passed …

Assessee should get full opportunity at every stage of adjudication. Tax laws are not penal and neither so rigid to curb lawful rights of taxpayers-ITAT The instant appeal was filed by the appellant assessee This against the order of the CIT(A) upholding the action of the Assessing Officer …

No document required for change of gender to transgender for PAN correction request application online through NSDL or UTITSL As per advisoty at incom tax efiling website, new PAN allotment and Change request applications with ‘gender’ as ‘transgender’ is allowed without any hassle. There is no requirement of …

Section 50C was not applicable on sale of property to tenant who occupied it on a meager rent for fifty years which itself amounted to encumbrance on the property-ITAT The Appellant assessee had filed the instant appeal challenging that the Assessing Officer (AO) had wrongly and illegally calculated …

e-way bill system grievance redressal Officers name and contact numbers  Central Board for Indirect Taxes and Custom (CBIC) has released list of grievance redressal Officers and their contact numbers for e-way bill system under rule 138D of Central/ State GST Rules, 2017. The list include, name of the …

Companies Specification of Definitions Details Amendment Rules 2018  MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 7th May, 2018 G.S.R._(E)- In exercise of the powers conferred under (76), sub-clause (iii) of clause (77) of section 2, read with of section 469 of the Companies Act, 2013 (18 of 2013), …

Signing of share certificate by two directors or by company secretary and one director wherever CS is appointed – Notification  GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFA IRS NOTIFICATION New  Delhi, 10.04.2018 G.S.R.          (E).– In exercise of the powers conferred by sub-section s (1) and (2) of section …

Sections of Companies Amendment Act 2017 applicable from 7th May, 2018 – Read notification The  Central Government has issued notification to make the following provisions of the Companies (Amendment) Act, 2017 to be applicable from the 7th May, 2018: SI.No. Sections 1. Clause (i) and clause (xiii) of section …

Board meeting through video conferencing/audio-visuals by any director possible where physical quorum is present-MCA GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi , 7th May, 2018 G.S.R.            (E).– In exercise of the powers conferred by sections 173, 177, 178 and section 186 read with section 469 of …