State GST Officers can also search, seizure and levy penalty for violation of Central Act as provisions of the Central and State Statutes are pari materia. After 01.02.2018, seizure / Penalty orders for alleged non-accompanying of E-Way Bill by Transporters referring to Government’s old Notification and Commissioner’s Circular …

ICAI Ready Reckoner on Regulatory Aspects of ICAI for Members & CA Firms ICAI as a part of its commitment to strengthen the Practitioners has brought out a publication of E-Book on “Ready Reckoner on Regulatory Aspects of ICAI for Members & CA Firms” for the Members of ICAI. The …

Addition u/s 68 for differences in outstanding balances not confirmed by parties cannot be made without doubting identity, creditworthiness and genuineness of transactions. ABCAUS Case Law Citation: ABCAUS 2529 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: Aurobindo Sanitary Stores vs. CIT 2005-(IT3)-GJX-0127-ORI. DCIT vs. …

Condonation of delay in filing appeal due to illness-CIT(A) ought to have asked medical certificate and affidavit and admitted appeal and disposed it on merit – ITAT ABCAUS Case Law Citation: ABCAUS 2528 (2018) 09 ITAT The appellant assessee was aggrieved by the order of CIT(A) who had …

Mere deposit of cash in bank account cannot give rise to a belief of Assessing Officer that income had escaped assessment. ITAT quashed reassessment order ABCAUS Case Law Citation: ABCAUS 2527 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: National Thermal Power Co. Ltd. vs. …

Amendment to four Ind AS. AS 20, 12, 16, 38. The Companies (Indian Accounting Standards) Second Amendment Rules, 2018-MCA Notification MCA has amended the Companies (Indian Accounting Standards) Rules, 2015. The Indian Accounting Standard (Ind AS) that have been amended are as follows: Sl No. Ind AS 1. Ind AS 20 …