Two penalty orders 271(1)(b) for the same default without issue of show cause. ITAT quashed penalty imposed before the issue of show cause notice ABCAUS Case Law Citation: ABCAUS 2550 (2018) (10) ITAT The assessee had filed an appeal before the Tribunal against the order of CIT(A) arising …

Addition for no withdrawal for household expenses-Contention that husband met out all expenses did not justify nil withdrawal by assessee wife – ITAT ABCAUS Case Law Citation: ABCAUS 2549 (2018) 09 ITAT No household expenses withdrawal claiming husband paid all expenses The Case was selected for scrutiny through …

Employee working in Govt department for a long period of time, cannot be presumed to not having any cash in hand – ITAT deleted addition for unexplained opening cash in hand as per cash flow statement ABCAUS Case Law Citation: ABCAUS 2548 (2018) 09 ITAT Govt employee cannot …

Rejection of books of account for non inclusion of freight and cartage in the value of the closing stock had distorted the correct figure of profit. Therefore, the AO was within his right to reject the books of accounts u/s 145(3) ABCAUS Case Law Citation: ABCAUS 2547 (2018) …

Government constitutes Competition Law Review Committee to review the Competition Act passed in 2002.  Government constitutes Competition Law Review Committee to review the Competition Act  In pursuance of its objective of ensuring that Legislation is in sync with the needs of strong economic fundamentals, the Government has constituted a …

UP Government to form new committee to deal cases where GST Tran-1 could not be filed on last date i.e. 27.12.2017 due to technical glitches in GSTN The Uttar Pradesh Government to form a new committee to take care of the individual cases where the dealers could not …