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 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 …
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? …
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 …
Bank guarantee requirement for bond executed by EOUs-Clarification on waiver of bank guarantee-surety to EOUs Circular No. 27/2018-Customs F.No. DGEP/EOU/GST/Misc/24/2017 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs (Directorate General of Export Promotion) ****** New Delhi, Dated: 14th August, 2018 …
Moratorium u/s 14 of the Insolvency and Bankruptcy Code, 2016 not apply to a personal guarantor of a corporate debtor – Supreme Court ABCAUS Case Law Citation: ABCAUS 2467 (2018) 08 SC The instant appeal involved the question whether Section 14 of the Insolvency and Bankruptcy Code, 2016 …
