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Bogus purchases-when sales not disputed entire addition not warranted. ITAT estimated addition @12.5% of alleged bogus purchases

Bogus purchases-when sales not disputed entire addition not warranted. ITAT estimated addition @12.5% of alleged bogus purchases  ABCAUS Case Law Citation: ABCAUS 1228 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the CIT(A) qua confirmation of addition of bogus purchases to …

Eight States Assemblies passed State GST Act

Eight States Assemblies passed State GST Act. GST will be rolled-out from 1st July, 2017.  Next GST Council meeting is scheduled at Srinagar, J&K on 18th & 19th May, 2017 Ministry of Finance Press Release 04/05/2017 Eight States’ Assemblies pass the State GST Act within a short span …

Fresh panel of advocates to represent EPFO before Supreme Court, Delhi HC and EPF Tribunal for the block year 2017-19

Fresh panel of advocates to represent EPFO before Supreme Court, Delhi High Court and EPF Appellate Tribunal for the block year 2017-19 EMPLOYEES  PROVIDENT FUND ORGANISATION LC-3(14)2010/EPFAT/VOL.V/1264 03 May, 2017 To All  Addl. CPFC (Zones) Subject:- Constitution of fresh panel of advocates to represent EPFO before various Legal …

Disallowance us 40(a)(ia) applies to amounts paid during the year also-Supreme Court. Allahabad HC judgment overruled

Disallowance us 40(a)(ia) applies to amounts paid also-Supreme Court. Allahabad HC judgment holding that it applies to amount payable at the year end overruled ABCAUS Case Law Citation: ABCAUS 1227 (2017) (04) SC Date/Month of Pronouncement: May, 2017 The Controversy-Section 40(a)(ia) applies to sums paid or payable? Section …