Orders of Supreme Court, High Courts and CESTAT accepted by the CBEC and on which no review petitions, SLPs have been filed. The Central Board of Excise and Customs (CBEC/Board) has issued Circular No. 1063/2/2018-CX dated 16.02.2018 on the subject “Orders of Supreme Court, High Courts and CESTAT …

Supreme Court explains the law on cancellation of certificate u/s 12AA. Grant of Registration u/s 12A is quasi judicial function and Section 21 of General Clauses Act not applicable- ABCAUS Case Law Citation: ABCAUS 2203 (2018) (02) SC Brief Facts of the Case: The appellant was a State …

Assessment made on revised ITR with fake figures filed for bank loan purpose quashed as the original return was belated and revised return was invalid legally.   ABCAUS Case Law Citation: ABCAUS 2202 (2018) (02) ITAT Brief Facts of the Case: The appellant assessee was an individual engaged …

Deduction u/s 36(1)(vii) allowed for sales tax component of bad debts written off in the books of accounts. in any event the deduction has to be allowed u/s 28-ITAT ABCAUS Case Law Citation: ABCAUS 2201 (2018) (02) ITAT Brief Facts of the Case: The Petitioner assessee was a …

Explanatory Notes to the provisions of the Finance Act, 2017. CBDT has issued Circular No. 02/2018 dated 15th Februry, 2018 explaining the various amendments and provisions of the Act which generally applies for the Assessment Year  2018-19 (Financial Year 2017-18) AMENDMENTS AT A GLANCE Section/Schedule Particulars / Paragraph number First Schedule Rate …

Addition made for electricity variation with quantum of production deleted. Lower consumption of electricity for the same quantum of production should be viewed positively and not adversely-ITAT  ABCAUS Case Law Citation: ABCAUS 2200 (2018) (02) ITAT The Challenge/Grievance: The instant appeal was filed by the Revenue against the …