Retraction of statement u/s 132(4) after months on the ground of coercion. Assessee must give justifiable reason and cogent material to show that admission was not voluntary. ABCAUS Case Law Citation: ABCAUS 2391 (2018) 07 ITAT The instant appeal was preferred by the assessee against the order of …

No concealment if income returned and accepted is same where assessee surrenders income at survey action before the end of the financial year – ITAT  ABCAUS Case Law Citation: ABCAUS 2390 (2018) 07 ITAT The instant appeal was preferred by the Revenue against the order of Commissioner of …

Rectification u/s 154 for difference of receipt  with TDS certificates not permissible as the difference in receipts requires investigation and enquiry and not a case of obvious and patent mistake – ITAT ABCAUS Case Law Citation: ABCAUS 2389 (2018) 06 ITAT The instant appeal was preferred by the …

UPA Model of GST was flawed – Ex Finance Minister Arun Jaitely On the occasion of GST Day (1st July) the Ex Finance Minister Arun Jaitely has tried to convince people that UPA Model of GST was flawed. No wonder, Shri Jaitely must be very conscious that GST was …

CBDT further extends time to link PAN with Aadhaar to 30th June 2018. Section 139AA requires quoting of Aadhaar number for filing of income tax returns. F.No.225/270/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, dated the 30th …

1st July 2018 to be celebrated as ‘GST day’, to commemorate the first year of the unprecedented reform of Indian taxation  GST is a fitting tribute to spirit of cooperative federalism as all decisions in the 27 meetings of GST Council taken by consensus GST – ‘ONE NATION, …