TDS 194C not applicable on payment by contractee to contractor of license fee. Supreme Court dismisses SLP of the Income Tax Department ABCAUS Case Law Citation: ABCAUS 2444 (2018) 07 SC The respondent assessee was granted a contract by IRCTC for providing catering service for which the assessee …
Draft GST simplified returns format-Key features of Monthly and quarterly returns. Draft GST returns and formats placed on Mygov.in portal for Stakeholder’s feedback. Note on Simplified Returns and Return Formats July, 2018 GST Council in its 27th meeting held on 4 thMay, 2018 had approved the basic principles …
Exemption notification should be interpreted strictly. Burden of proving applicability is on assessee who can not claim benefit of ambiguity-Supreme Court ABCAUS Case Law Citation:ABCAUS 2443 (2018) 07 SC This Constitution Bench was setup to examine the correctness of the ratio in Sun Export Corporation (Sun Export Case). …
The Companies Incorporation Rules 2014. declaration instead affidavit from subscribers & first directors. For the purpose of One Person Company, residence period to be reckoned from financial year. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27th July, 2018 G.S.R. 708(E).—In exercise of the powers conferred by section …
Penalty 271(1)(c) deleted on debatable issue of revenue or capital receipt of the freight subsidy not accounted for on mercantile basis. ABCAUS Case Law Citation: ABCAUS 2442 (2018) 07 ITAT The instant appeal was filed by the assessee against the order passed by the CIT(A) in confirming the …
The right to appeal has been provided in statute u/s 249 which can only be taken away by legislative amendment and not by CBDT in a delegated manner – ITAT ABCAUS Case Law Citation: ABCAUS 2441 (2018) 07 ITAT The instant appeal was filed by the assessee against …
