Reassessment upheld for non disclosure of Interest income set off against interest on loans and advances when production was not commenced ABCAUS Case Law Citation: ABCAUS 2262 (2018) (03) HC The appellant Revenue was aggrieved by the order of the first appellate authority and the Income Tax Appellate …

CBEC Clarification on issues related to GST on Job Work. Procedures for sending goods and compliance requirements for principal & job worker Clarification on issues related to Job Work- CBEC has issued Circular No.38/12/2018 dated 26th March, 2018 clarifying issues related to Job Work As per the circular, the …

Central Government  to issue coin of three hundred fifty rupees denomination to commemorate the occasion of 350th Birth Anniversary of Shri Guru Gobind Singh Ji . Accordingly, the Ministry of Finance has notified the Coinage (Issue of Commemorative coin on the occasion of 350th Birth Anniversary of Shri …

Income Tax Offices open on 29th 30th and 31st March 2018. ASK Centres also open to facilitate filing of returns by the taxpayers F. No. 225/270/2017-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 26th March, 2018 Order under …

Explanation can not be rejected applying prudent mans behaviour test.  High Court deletes addition made for cash deposits applying Principle of preponderance of probability ABCAUS Case Law Citation: ABCAUS 2261 (2018) (03) HC The appellant assessee had challenged the order of the ITAT in confirming the addition under …

Financle e-learning kit for bank audits-ICAI ties up with Infosys  The Institute of Chartered Accountants of India (ICAI) is aiming in setting up a benchmark for the statutory audit of the Banks for the year 2017-18 by utilising the Finacle expertise of Infosys, which have committed to provide a …