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Depreciation claimed on land was not sheer mistake. High Court upheld sentence u/s 276C/277 of the Income Tax Act, 1961 ABCAUS Case Law Citation: ABCAUS 2137 (2017) (12) HC The Challenge/Grievance: The Petitioner company had filed a Criminal Revision petition u/s 397 of the Code of Criminal Procedure, …
CBDT signs first ever two Indian APAs with Netherlands in Nov-2017. The total number of APAs entered into by the CBDT has gone up to 186 Press Information Bureau Government of India Ministry of Finance 01-December-2017 11:53 IST Central Board of Direct Taxes (CBDT) signs two Indian Advance …
Jet Airways Concessional Fare offer for ICAI Members-Students on all clasess with 15% discount on Base Fare from 1-Dec-2017 to 30-Nov-2018 Concessional Fare offer from Jet Airways for Members & Students of ICAI As per ICAI journal, ICAI has entered into an agreement with jet Air ways for …
Revision of Remuneration payable to Statutory Auditors of RRBs for Head office and Branch for audit to be conducted in financial year 2018-19 onwards F. No. 7/4/2015-RRB- Vol (II) Government of India Ministry of Finance Department of Financial Services Jeevan  Deep Building, 3rd Floor, Sansad  Marg, New  Delhi …
Unauthorized expansion of the scope of limited scrutiny-CBDT puts AOs violating its instructions under suspension and advises all to comply with instructions F.No. DGIT(Vig.)/HQ/Sl/2017-18 Government of India Ministry of finance Department of Revenue Central Board of Direct Taxes New  Delhi-11 0001 Dated:   30th November, 2017 Subject: Unauthorized expansion of …
GST FAQ-Registration required when Google Ads turnover exceeds 20 lakhs. Tweet by GOI official twitter handle for replying GST queries Question: Advance was given when the rate was 28% and our vendor has paid taxes on it. Subsequently rate has fallen to 18%. Will the invoice be raised …
GST FAQ Tweet-If supply is made from a State, registration is required irrespective of the place being principal place of business or not Question: I am a service provider any my turnover is below Rs. 1.5 crore. Am I eligible to submit GSTR-1quarterly? I am not able to …
GST FAQ Tweet- Unless notified, a decision of the GST Council is not effective. Composition dealers can not file GSTR -4 taking 1% rate till Official Notification is out Question: Whether RCM is applicable for the professional services rendered by director of a company to the same company? …
Transfer of capital from proprietorship to partnership was not reconstruction u/s 10AA, dis entitling the assessee firm the benefit of exemption-High Court  ABCAUS Case Law Citation: ABCAUS 2136 (2017) (11) HC The Revenue has filed two appeals assailing the judgment and order of the Tribunal whereby tribunal had dismissed …
It is for assessee to decide how to utilize loan in business, Court not to substitute its opinion over his view for the investment made-High Court  ABCAUS Case Law Citation: ABCAUS 2135 (2017) (11) HC The Revenue had filed two appeals challenging the judgment and order of …
