CBDT denies further extension-order passed detailed order as per Gauhati High Court Direction. Further extension detrimental to tax-compliance. However Tax Bar Association motion against the CBDT order denying further extension listed on 31.10.2018 for hearing Read Status >> F.No. 225/358/2018/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) …

ITAT explains law of appeal to CIT-A of revisionary order passed u/s 263. When CIT himself enhanced income, appeal would not lie to CIT(A) ABCAUS Case Law Citation: ABCAUS 2596 (2018) (10) ITAT The assessee had filed an appeal against the orders of the CIT(A) in holding that …

UP GST officials to be extra vigilant during festival seasons to avoid tax evasion on view of increased commercial activities   Commissioner Commercial Tax (GST) ,Uttar Pradesh in a office advisory/instruction addressed to Officers has issued instructions regarding special tasks during the festival seasons to avoid tax evasion. The instruction …

Delay in filing appeal for negligence and laches of counsel cannot be condoned as avoidable cause for delay by due care and attention cannot be sufficient cause – ITAT ABCAUS Case Law Citation: ABCAUS 2595 (2018) (10) ITAT The appellant assessee’s appeal was directed against the order passed …

Deduction u/s 54 allowed for property purchased from wife by General Power of Attorney as transfer of immovable property by a General Power of Attorney constitute transfer of capital asset. ABCAUS Case Law Citation: ABCAUS 2594 (2018) (10) ITAT The appellant assessee’s appeal was directed against the order passed …

ICAI CASBF Scholarships for poor, needy and meritorious students to pursue the Chartered Accountancy course for one year with effect from 1st April, 2018 to 31st March, 2019  from The Chartered Accountants Student Benevolent Fund for The Year 2018-19 As per ICAI announcement in this regard, the Board of Trustees …