Addition for undisclosed purchases based on diary of supplier deleted as no addition was made for unaccounted sales in the hand of supplier surveyed ABCAUS Case Law Citation: ABCAUS 2440 (2018) 07 ITAT The instant appeal was filed by the assessee against the order passed by the CIT(A) …

Addition u/s 69 deleted as AO failed to call information from bank of loan creditor. Case restored back for verifying creditworthiness of the loan creditor by calling information from the Bank ABCAUS Case Law Citation: ABCAUS 2439 (2018) 07 ITAT The instant appeal was filed by the assessee …

GST Notifications to give effect to the recommendations of the GST Council 28th meeting held on 21.07.2018 Notification No. 13/2018-Central Tax (Rate) dated 26-07-2018 View >> Seeks to amend Notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates on the intra-State supply of services  Notification …

Result of CA Intermediate May 2018 Exam likely to be declared on 29th July 2018 around 6.00 PM  As per ICAI Announcement, the result of the Chartered Accountants Intermediate Examination (Old Course & New Course) held in May 2018 are likely to be declared on Sunday, the 29th …

Giving bribe a crime bigger than accepting it – 7 Years jail for giving bribe against 5 years term to Public Servant accepting bribe under Prevention of Corruption Amendment Act 2018 The Government has notified Prevention of Corruption (Amendment) Act 2018 which provides for a maximum punishment of …

Certificate of Nil-lower rate TDS u/s 197 and 195 of the Income Tax Act, 1961 to be issued within 30 days timeline- CBDT  CBDT has instructed Income Tax Officials to adhere to prescribed time limit for issue of certificate of no deduction or deduction of tax at lower …