ITAT rejected cash flow statement for no household drawings made. Addition u/s 68 sustained for estimated amount of household drawings ABCAUS Case Law Citation: ABCAUS 2233 (2018) (03) ITAT The appellant assessee was aggrieved by the order of the  Commissioner of Income Tax (Appeals) sustaining the addition made …

GST on services between JV and its members-Clarification. Taxability of services provided by the members of JV to the JV and vice versa and inter se between the members of the JV CBEC has issued Circular No. 35/9/2018-GST on the issue of taxability of services between JV and its …

Govt. constitutes Steering Committee on Fintech related issues The Government has constituted a Steering Committee on Fintech related issues to consider various issues relating to development of Fintech space in India with a view to make Fintech related regulations more flexible and generate enhanced entrepreneurship in an area …

Do you have a Permanent Account Number (PAN) ? Income Tax Advisory Income Tax Department has issued a latest video advisory to all citizens explaining the importance of PAN and its requirement for various transactions/expenditures. The video shows a young women is about to start her career by registering …

IEPF contest to select Tagline is online now  Investor Education and Protection Fund (IEPF) is organising a contest to select the Tagline for “Investor Education and Protection Fund” Authority The contest is now live at https://www.mygov.in  The contest seeks entries to select a Tagline for “Investor Education and Protection Fund” …

Section 50C not applicable to cold storage building so to substitute actual sale consideration by deemed sale consideration and order of AO cannot be revised u/s 263 – ITAT  ABCAUS Case Law Citation: ABCAUS 2232 (2018) (03) ITAT The assessee was aggrieved by the order passed under section …