Earlier, the Central Board of Excise and Customs (CBEC) had taken an initiative to observe a Refund Sanction Fortnight from 15th March to 29th March, 2018 on an all India scale. Administrative and logistical arrangements were made in order to ensure that maximum number of pending refund claims are settled during the said fortnight. As per the reports from field offices of CBEC, most of the refund claims which were pending due to errors committed while filing the GST returns and where exporters came forward with requisite documentation,have been settled. However, the Government of India is keen to ensure that all the exporters get their refunds sanctioned at the earliest and, therefore, requests the exporters to avail this opportunity to settle their refund claims if not done as yet.
Wrong penalty section mentioned in Assessment order can be rectified being mistake apparent on record when there is no debate…
Even if a receipt is classified as Business Income u/s 28, it does not automatically qualify for the special deduction…
Just because log book was not maintained does not mean that vehicles were used for personal purposes by the Trustee…
Where belief of escapement of income as per reasons recorded fails no other addition can be made by the AO…
Date of dispatch of Speed Post of duly verified ITR-V shall be considered for the purpose of determination of 30…
Cash deposited in bank before giving unsecured loan. The addition if at all can be made u/s 69A in the…