Commission paid to represent assessee before govt agencies for getting work held not an offence u/s 37(1) – ITAT Judgment ABCAUS Case Law Citation: ABCAUS 2447 (2018) 08 ITAT The instant appeal by the assessee was directed against the order of CIT(Appeals) in confirming inter alia the disallowance …

Non issuance of statutory notice u/s 274(1) vitiated levy of penalty u/s 271(1)(b). Mere proposal to initiate penalty proceedings not amount to recording the satisfaction-ITAT ABCAUS Case Law Citation: ABCAUS 2446 (2018) 08 ITAT The instant judgment was delivered in a bunch of appeals filed by several assessee …

CBDT entered into nine more Unilateral Advance Pricing Agreements during the month of July, 2018. Total number of APAs has gone up to 232 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 1st August, 2018 PRESS RELEASE Indian Advance Pricing Agreement …

IBBI published syllabus of the Limited Insolvency Examination to be conducted from 1st November, 2018. Subject Topics and percentage weight Insolvency and Bankruptcy Board of India No. IBBI/PR/2018/23 31st July, 2018 Limited Insolvency Examination, 1st November, 2018 The Board hereby publishes the syllabus, format etc. of the Limited …

The Fugitive Economic Offenders Act 2018 assented by the President. The Provisions become effective from 21st day of April, 2018 The Fugitive Economic Offenders Act 2018 ( No. 17 of 2018) of Parliament has received the assent of the President on the 31st July, 2018, and has been …

Acquisition of controlling stake in IDBI Bank by LIC-Benefits and impacts LIC to acquire controlling stake of IDBI Bank-Cabinet approves dilution of Government shareholding below 50% The Union Cabinet has approved conveying of no objection to reduction in Government of India shareholding in IDBI Bank Limited to below …