Rule 39A-Intimation of estimated income and advance tax payment as on 30th September to be furnished by the assessee in form 28AA – CBDT Draft Notification  Presently there is no such mechanism whereby the assessee is suo moto required to intimate the payment of advance tax to the …

No Concealment penalty u/s 271(1)(c) for income surrendered during survey if income was disclosed in return which was filed within due date-Allahabad High Court   ABCAUS Case Law Citation: ABCAUS 2077 (2017) (09) HC The Substantial Question of Law framed/urged for determination: “(I) Whether the ITAT was justified …

Extension of time limit for submitting Form GST TRAN-1 to 31st October 2017 F. No. 349/58/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs *** New Delhi, the 18th September, 2017 Order No. 02/2017-GST Subject: Extension of time limit for submitting …

CBEC instruction to file SLP against stay of tax collection under GST by the orders of High Courts  irrespective of fact that matter is still pending before High Court F.No.275/11/2017-CX.8A Ministry of Finance Department  of Revenue Central Board of Excise & Customs (Legal Cell) ******** ‘C’ Wing, 5th …

Disproportionate increase in expenses in relation to turnover can not be reason in itself for making adhoc disallowance without cogent material – ITAT ABCAUS Case Law Citation: ABCAUS 2076 (2017) (09) ITAT Assessment Year :  2012-13 Brief Facts of the Case: The Petitioner assessee had claimed certain expenses. …

Income Tax Officer is bound to furnish reasons for re-opening u/s 147 which should already be on record, prior to issuance of notice u/s 148 of the Income Tax Act, 1961 – High Court   ABCAUS Case Law Citation: ABCAUS 2075 (2017) (09) HC The Challenge/Grievance: The petitioner …