Conversion of limited scrutiny to complete scrutiny is question of fact. High Court dismisses the writ as petitioner had a right to appeal against the assessment order The Petitioner assessee was aggrieved by the assessment order passed u/s 144 by converting limited scrutiny to complete scrutiny. The impugned …

Statistics of E-Way Bill generated between 1st to 22nd April 2018 A statistical report of E-Way Bill generated between 1st April 2018 to 22nd April 2018. A total of 1,84,03,041 E-Way Bills have been generated for taxpayers for the movement of goods across India. Maximum number of E-Way …

Requirement of e-Way Bill for “Bill To Ship To” model of supplies-Finance Ministry has clarified the  issue regarding “Bill To Ship To” for e-Way Bill under CGST Rules, 2017  Issues regarding “Bill To Ship To” for e-Way Bill under CGST Rules, 2017  A number of representations have been …

Damages paid for violation of agreement to sell allowed as incurred in connection with the transfer of property for computing long term capital gains-High Court The question framed by the Hon’ble High Court was as to whether the ITAT, was correct in holding that the amount paid by …

Market value of shares quoted in stock exchange can not be taken as a basis for computing capital gains under Section 48 of the Income Tax Act ABCAUS Case Law Citation: ABCAUS 2297 (2018) (04) HC Important Case Laws Cited/relied upon by the parties K.P. Verghese versus Income …

The Fugitive Economic Offenders Ordinance 2018 has been promulgated by the President. The Ordinance  shall come into force at once  The Fugitive Economic Offenders Ordinance, 2018 (No. 1 of 2018) provides for measures to deter fugitive economic offenders from evading the process of law in India by staying …