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Abcaus

ICEGATE

ICEGATE – Facility of uploading document on eSANCHIT by Government agencies instead of importer/exporter

administrator October 2, 2018 Excise/Custom
ICEGATE – Facility of uploading document on eSANCHIT by Government agencies instead of importer/exporter after Pilot Project Circular No 35/2018-Customs F. No. 450/148/2015-Cus-IV Government of India Ministry of Finance, Department of Revenue (Central Board of Indirect Taxes and Customs) ***** Room No. 229 A, North Block , New …
writing off bad debts

Provision reducing asset side of balance sheet amounts to writing off bad debts in accordance with section 36 (2)

administrator October 2, 2018 Income Tax, ITAT
If asset side of balance sheet is reduced by provision made, it amounts to writing of the debts in accordance with the provision of section 36 (2) of the Income Tax Act, 1961 ABCAUS Case Law Citation: ABCAUS 2554 (2018) (10) ITAT Important Case Laws Cited/relied upon by …
Petition Delhi High Court

Petition in Delhi High Court for Tax Audit due date extension by FTAPS dismissed as withdrawn

administrator October 2, 2018 Due Date Extension, Income Tax
Extension of Tax audit/ITR due date- FTAP withdraws the Petition in Delhi High Court in view of the CBDT Order extending the due dates to 31.10.2018 The division bench comprising of Hon’ble the Chief Justice passed the following order: In view of the order dated 8th October, 2018 …
Black Money

Region wise list of Jurisdiction of CIT Appeals under the Black Money Act 2015 – CBDT Notification

administrator October 2, 2018 Income Tax
Jurisdiction of CIT Appeals under the Black Money Act 2015. Region wise list including additional powers for cases of International Taxation Notification F.No. 279/Misc./M-44/2018-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** Room No.12, 5th Floor, Jeevan Vihar Building, Sansad Marg …
Income Tax Prosecution

High Court revives prosecution u/s 276CC for not filing return. No indefinite period for compliance

administrator October 2, 2018 High Courts, Income Tax
High Court revives prosecution for not filing return. An indefinite period for compliance can never be the intention of the law   ABCAUS Case Law Citation: ABCAUS 2553 (2018) (10) HC Important Case Laws Cited/relied upon by the parties: Sasi Enterprises v. Assistant Commissioner of Income Tax (2014) …
finance ministry

We are committed to arrange liquidity to IL& FS says Finance Ministry

administrator October 1, 2018 Finance Ministry
We are committed to arrange liquidity to IL& FS says Finance Ministry Firm and Decisive Government Action taken to preserve value and assets of IL& FS In a Press Released issued today, the Finance Ministry said that the Government stands fully committed to ensure much needed liquidity arranged …

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