Whether Registration u/s 12AA results in approval u/s 80G(5)-ITAT orders grant of certificate based on consistent judicial opinion ABCAUS Case Law Citation: ABCAUS 2243 (2018) (03) ITAT The appellant assessee society was  aggrieved by the order passed by the CIT(Exemption) rejecting its application seeking grant of approval u/s …

Gold Imports 80-20 Scheme-Government to examine why private parties were benefitted and take action against the persons involved In a press release issued today, the Government has clarified on the news items appearing in media that the scheme benefitted some private parties. The other day, the Union Law …

Benefit of registration u/s 12AA can not be denied on the ground that it is sub-judice before the High Court unless registration granted has been withdrawn ABCAUS Case Law Citation: ABCAUS 2242 (2018) (03) ITAT The appellant assessee was a section 25 company fully owned Government of India …

Attachment under income tax act relates back to and takes effect from the date of notice as per Rule 51. The High Court cannot be oblivious of the conduct of the party invoking the remedy under Article 226. ABCAUS Case Law Citation: ABCAUS 2241 (2018) (03) HC A …

ICAI Guidance Note on Audit of Banks-2018 Edition The Auditing and Assurance Standards Board (AASB) of the ICAI has issued the Guidance Note on Audit of Banks 2018 edition. The Guidance Note on Audit of Banks which is issued by the AASB of ICAI every year is an …

Addition u/s 41(1) made on the ground of untraceable creditors-the liability had not ceased or any advantage was taken. High Court upheld deletion made by ITAT ABCAUS Case Law Citation: ABCAUS 2240 (2018) (03) HC The Revenue was aggrieved by the order of the Income Tax Appellate Tribunal …