Procedure for valuation of inventory from tag price during survey u/s 133A-Cost price has to be determined and due deduction to be given towards direct expenses – ITAT ABCAUS Case Law Citation: ABCAUS 2477 (2018) 08 ITAT Important Case Laws Cited/relied upon: CIT v. S. Khader Khan Son, …

ICAI ties up with tax portals to provide access to their website contents at concessional price to its members. Comparison of the offer ranks of the portal The Institute of Chartered Accountants of India (ICAI) has entered into an arrangement with different taxation related online portals/websites to provide …

ICAI Advanced ICITSS – Advanced IT Test scheduled on 19.08.2018 in Kerala cancelled due to heavy rains / floods and disruption of normal life Advanced ICITSS – Advanced IT Test – ICAI Announcement Due to heavy rains/floods and disruption of normal life in the state of Kerala, the Chartered Accountants …

Payments made by University to affiliated colleges for conducting examinations in different centres were reimbursement and not fee for technical services u/s 194J – ITAT ABCAUS Case Law Citation: ABCAUS 2476 (2018) 08 ITAT The instant appeal was filed by the assessee against the order of Commissioner of …

The jurisdiction cannot be challenged after expiry of time limit prescribed u/s 124(3). The challenge to jurisdiction is different from challenge to transfer of jurisdiction – ITAT ABCAUS Case Law Citation: ABCAUS 2475 (2018) 08 ITAT The instant appeal was filed by the assessee against the order of …

AO was not justified in applying accounting method followed by a different assessee and rejecting Percentage of completion method consistently applied which had been accepted by Revenue in past- ITAT ABCAUS Case Law Citation: ABCAUS 2474 (2018) 08 ITAT Important Case Laws Cited/relied upon: Investment Ltd V/s CIT …