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Slump Sale of entire running business was LTCG us 48(2). Sale in one go with assets and liabilities cannot be considered as STCG for Taxation-Supreme Court ABCAUS Case Law Citation: ABCAUS 1216 (2017) (04) SC The Grievance: The appellant Commission of Income Tax (CIT) was aggrieved by the …
Supreme Court order for Sahara Aamby Valley auction. Subrata Roy warned to be present not to play truancy and honour affidavit or face wrath of Law S.E.B.I. Petitioner(s) VERSUS SAHARA INDIA REAL ESTATE CORPN.LTD.&ORS. (Respondent) CORAM : HON’BLE MR. JUSTICE DIPAK MISRA HON’BLE MR. JUSTICE RANJAN GOGOI HON’BLE …
New SEBI Website Launched. New features of Beta version are responsive web pages, enhanced search function, social media sharing option etc. 18 Apr 2017 | PR No.: 22/2017 New SEBI Website Launched SEBI has launched a new version of its website www.sebi.gov.in with enhanced user friendly features. Some …
ICAI FAQ on treatment of Securities Premium Account under Ind AS on the date of transition Question: 1 Company ABC Ltd. had issued non-convertible debentures redeemable at premium, which were outstanding as on March 31, 2015. The Company has measured this financial liability at amortised cost in accordance with …
Repetitive use of RTI an abuse. Appeal can be rejected. Citizen has no Right to Repeat and repetition shall be ground of refusal – CIC Decision CENTRAL VIGILANCE COMMISSION Satarkta Bhawan, G.P.O. Complex, Block A. INA, New Delhi 110023 No. CVC/RTI/MISC/16/006 Dated: 10/03/2017 Circular No. 03/03/2017 Subject: Seeking similar …
No concealment penalty on return revision made before issue of notice u/s 148 though after initiation of investigation in tax evasion petition filed against the assessee – ITAT ABCAUS Case Law Citation: ABCAUS 1215 (2017) (04) ITAT The Grievance: The appellant assessee company was aggrieved by the order …
Step by Step Guide for GST Enrolment for existing Central Excise / Service Tax Assessees All existing Central Excise and Service Tax assessees will be migrated to GST starting 7th January 2017. To migrate to GST, assessees would be provided a Provisional ID and Password by CBEC. Provisional …
Concealment means positive act on part of the assessee and the onus to prove is on Revenue. Penalty can not be levied on estimate or guess work – ITAT ABCAUS Case Law Citation: ABCAUS 1214 (2017) (04) ITAT The Grievance: The appellant assessee company was aggrieved by the …
Sales Promotion expenses allowed based on percentage to sales when such expenses were allowed on similar ratio in preceding year. Sales Promotion expenses allowed based on percentage to sales ABCAUS Case Law Citation: ABCAUS 1213 (2017) (04) ITAT The Grievance: The appellant assessee company was aggrieved by the …
Purchase not bogus merely for non-appearance of supplier Merely non-appearance of the supplier in absence of any other corroborate evidence cannot be a basis to justify the stand of the Revenue that the transaction of purchase is bogus-ITAT ABCAUS Case Law Citation: ABCAUS 1212 (2017) (04) ITAT The …