Cash loan from father to son for financial support not covered u/s 269SS. Repayment also not covered u/s 269T-Tribunal deletes penalty u/s 271D and 271E ABCAUS Case Law Citation: ABCAUS 2387 (2018) 06 ITAT Important Case Laws Cited/relied upon by the parties: Anant Himatsingk vs Addl. Commissioner of …

Grant of commendation certificate on the occasion of GST Day 2018 Central Board of Indirect Taxes and Customs has decided to grant Commendation Certificate on the occasion of GST Day-2018.  July 1st is expected to be celebrated as GST-Day to mark one year anniversary. As per the letter …

An undated confirmation letter cannot be rejected unless proved false. ITAT deletes addition made u/s 68/69 for cash deposits in bank account ABCAUS Case Law Citation: ABCAUS 2386 (2018) 06 ITAT The instant appeal was filed by the assessee against the order of the Commissioner of Income Tax …

Raising monetary limits for CESTAT / HC / SC in Central Excise & Service Tax matters to Rs. 50 lakhs, 01 Cr and 05 Cr respectively Urgent By 06.07.2018 F.N0.390/Misc/116/2017-JC Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Judicial Cell) New …

Bounced cheque can not be treated unexplained credits u/s 68. Onus to prove identity, genuineness and creditworthiness of the party out of question – ITAT ABCAUS Case Law Citation: ABCAUS 2385 (2018) 06 ITAT In a recent judgment, ITAT Hyderabad has held that bounced cheque can not be …

Many Key Decision taken in 222nd Meeting of the Central Board of Trustees, EPF  The 222nd meeting of the Central Board of Trustees, EPF was held yesterday under the chairmanship of Union Minister of State for Labour & Employment (Independent Charge) Shri Santosh Kumar Gangwar at New Delhi. The Central …