Disallowance u/s 14A can not exceed exempt income – Supreme Court dismisses SLP of the Department against the judgment of Delhi High Court ABCAUS Case Law Citation: ABCAUS 2639 (2018) (11) SC Important Case Laws Cited/relied upon: Commissioner of Income Tax v. Joint Investment Pvt. Ltd. 372 ITR …

Selling cost not part of cost of construction or WIP as per ICAI guidance note on accounting for real estate. ITAT delete addition made to Work in Progress ABCAUS Case Law Citation: ABCAUS 2638 (2018) (11) ITAT The appeal was preferred by the Revenue against the order of …

Concealment penalty for not offering LFC/LTC reimbursement to tax under bonafide belief that it was exempt as the employer did not deduct tax at source, deleted ABCAUS Case Law Citation: ABCAUS 2637 (2018) (11) ITAT The appeal was preferred by the assessee against the order of the Commissioner …

M/s Charutar Arogya Mandal, Gujarat approved u/s 35 (1) (ii) of Income-tax Act, 1961 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 31st October, 2018 S.O. 5759(E).—It is hereby notified for general information that the organization M/s Charutar Arogya Mandal, Gujarat (PAN:- AAATC1264G) has …

CBI arrested two Central GST officials for demanding bribe of Rs 70000 for closing the audit case by levying minimum penalty The Central Bureau of Investigation ( CBI ) has arrested two Central GST officials while accepting a bribe of Rs 70,000 from an advertising agency owner on …

Anonymous donation received by trust running Gaushala not taxable u/s 115BBC, it being a religious activity covered under the exception contained in Section 115BBC ABCAUS Case Law Citation: ABCAUS 2636 (2018) (11) ITAT Important Case Laws Cited/relied upon: Pat. Ram Chandra Shukla Vs. Shree Mhahdeoji, Mahabir Ji and …