Penalty u/s 271(1)(b) can not be imposed for non compliance of notice issued under section 148 – ITAT ABCAUS Case Law Citation: ABCAUS 2400 (2018) 07 ITAT The instant appeal was filed by the assessee against the order of the CIT-Appeals in upholding the action of the Assessing …

Insolvency Professional Entities cannot provide any service to any person. IBBI directs IPEs to refrain from seeking/joining panel of any market participant Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/IPE/014/2018 6th July, 2018 To All Recognised Insolvency Professional Entities All …

Digital Aadhaar/Driving Licence from Digital Locker approved identity proof of passengers for undertaking  journey by Train Ministry of Railways approves digital Aadhaar and Driving Licence from Digital Locker as proof of identity of passengers for undertaking journey by Train The issue regarding accepting Aadhaar and Driving Licence as …

Instant e-PAN allotment in real time free of cost for limited period.  Please note that Instant e-PAN allotment facility06 Instant e-PAN allotment Income Tax Department is offering Instant e-PAN allotment (Beta version) in near to real time free of cost for limited period. Individuals (other than minors) with …

CA upheld guilty of certifying fake balance sheet for obtaining loan-credit facility. No satisfactory working papers were found. Ban of one year and fine also upheld ABCAUS Case Law Citation: ABCAUS 2399 (2018) 07 AA As per the complaint of the CBI to the Institute of Chartered Accountants …

Section 50C not apply to sale of right in property-ITAT deleted addition as what was sold was right in property not land or building ABCAUS Case Law Citation: ABCAUS 2398 (2018) 07 ITAT The appellant assessee had challeneged the order passed by the CIT(A) in upholding the addition …