Orders u/s 234E not appealable before CIT(A). Department not obliged to serve the order separately upon the assessee when available online – ITAT  The instant appeals were filed by the assessee against the order of the CIT(A) confirming the order imposing late fees under section 234E of the …

Penalty 271B treating cash deposits in bank as turnover u/s 44AB upheld by Tribunal when assessee could not explain source of deposit in bank accounts  The instant appeals were filed by the assessee against the order of the CIT(A) confirming the penalty levied under section 271B of the …

Disallowance 40(A)(3) for cash payment deleted when payee was new. When genuiness of payment not doubted there was every possibility that party refused to cheques / Demand draft – ITAT  ABCAUS Case Law Citation ABCAUS 2372 (2018) 06 ITAT During the course of the assessment proceedings, the Assessing …

The Companies (Registered Valuers and Valuation) Second Amendment Rules 2018 – MCA Notification MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 13th June, 2018 G.S.R. 559(E).—In exercise of the powers conferred by section 247 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central …

MCA notifies effective date of few sections of Companies (Amendment) Act, 2017 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 13th June, 2018 S.O. 2422(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2017 (1 of 2018), the Central Government hereby …

Partners Salary and interest not disallowable when assessment u/s 143 is made in the manner laid down u/s 144 by rejecting books of account by invoking the provisions of section 145(3) of the Income Tax Act, 1961 ABCAUS Case Law Citation ABCAUS 2371 (2018) 06 ITAT The assessee …