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 …

Expenses of little amounts inherently have some element of personal nature – ITAT upheld 10% disallowance of community and social expenses ABCAUS Case Law Citation: ABCAUS 2593 (2018) (10) ITAT The present appeal was preferred by the appellant assessee against the order of the Commissioner of Income Tax …

Gujarat Real Estate Regulatory Authority notified for exemption u/s 10(46) from assessment years 2019-2020 to 2023-2024.  MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 71 /2018 New Delhi, the 22nd October, 2018 S.O. 5368(E).—In exercise of the powers conferred by clause (46) of section …