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Abcaus

ICAI Elections 2024

ICAI Elections 2018-Draft Voter List as on 01.04.2018. ICAI invites views/suggestions on proposed Polling Booths

administrator August 16, 2018 ICAI
ICAI Elections 2018-Draft Voter List as on 01.04.2018. ICAI invites views/suggestions on proposed Polling Booths ICAI Election 2018 – Draft List of Voters as on 1.4.2018 – Views/Suggestions on proposed Polling Booths The next elections to the Council and Regional Councils of the ICAI are scheduled to be …
ASK centres not to accept paper ITRs

ASK Centres not to accept belated paper ITRs prior to AY 2018-19 without verifying copy of relevant notice / order

administrator August 16, 2018 Income Tax
ASK Centres not to accept belated paper ITRs prior to AY 2018-19 without verifying copy of relevant notice / order & applicability of Rule 12 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F. No. Sevottam/DIT(S)-2/2018-19/__________ Dated: 14.08.2018 To, The …
Warranty provision

Warranty provision allowable deduction if based on past events and reliable scientific estimate – ITAT

administrator August 16, 2018 Income Tax, ITAT
Provision for warranty allowable deduction if based on past events and reliable scientific estimate is made of future liability likely to be incurred ABCAUS Case Law Citation: ABCAUS 2471 (2018) 08 ITAT Important Case Laws Cited/relied upon by the parties: Rotork Controls India Pvt.Ltd In this appeal, the …
Income accumulated

Income accumulation application allowed under rectification u/s 154 as there was only intimation u/s 143(1)

administrator August 16, 2018 Income Tax, ITAT
Income accumulation application allowed under rectification u/s 154 as assessment was not completed and there was only intimation u/s 143(1) ABCAUS Case Law Citation: ABCAUS 2470 (2018) 08 ITAT Important Case Laws Cited/relied upon by the parties: Bagalkot Town Development Authority v. CIT CIT Vs. Nagpur Hotel Owner’s …
ITC Blocked

FAQs – Receiving Intimation of ITC Blocked by Tax Official, how to unblock your ITC

administrator August 15, 2018 GST
FAQs – Receiving Intimation of ITC Blocked by Tax Official 1. I have received an email message as well as a SMS stating – “Please visit your Credit Ledger to see the amount of credit blocked for utilization by the jurisdictional tax officer.” What does this message indicate? …
Revision u/s 263

Brought forward debit balance can not make assessment erroneous and prejudicial to the interest of the Revenue – ITAT

administrator August 15, 2018 Income Tax, ITAT
Brought forward debit balance can not make assessment erroneous and prejudicial to the interest of the Revenue – ITAT quashes Revisionary Order  ABCAUS Case Law Citation: ABCAUS 2469 (2018) 08 ITAT In this appeal, the assessee had challenged the correctness of the order of the Principal Commissioner of …

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