Zero fee for incorporation of all companies with authorized capital upto Rs.10 lakh The Finance Ministry has notified the Companies (Registration offices and Fees) Amendment Rules, 2018 inter alia providing for zero fee for incorporation of all companies with authorized capital upto Rs.10 lakh. The Notifications is the …

Standard Procedure for applying provisions of unexplained cash credits u/s 68 of Income tax Act,1961 Central Board of Direct Taxes (CBDT) has issued a detailed instruction specifying SOP for dealing with unexplained cash credits u/s 68. As per the said Instruction, the following sequence of steps have been prescribed …

Liability to pay Central GST by transferor of development rights at the time of transfer or possession-Special Procedure Notification The Central Government, on the recommendations of the GST Council has notified the two classes of registered persons to cover both who supply development rights in consideration of construction services and …

While considering the question of perversity of a finding of fact, the test applicable are strict-High Court  ABCAUS Case Law Citation: ABCAUS 2181 (2018) (01) HC The appellant Revenue had filed the instant appeal challenging that findings recorded by the Income Tax Appellate Tribunal  (ITAT) were perverse and …

Addition on account of milling gain on adhoc basis without conducting any enquiry, without any cogent and specific reason or without any material on record deleted-ITAT ABCAUS Case Law Citation: ABCAUS 2180 (2018) (01) ITAT The Challenge/Grievance: The appellant assessee was aggrieved by the order of the CIT(A) …

High Court directs reopening of GST Portal for filing TRAN-1 of the Petitioner as the Portal did not respond on the last date resulting loss of ITC to the trader. The non response by the GST Common Portal on the last date for filing various online Forms due …