MCA extends last date for filing MGT-7 (Annual Return) and AOC-4 (Financial Statements) for FY ending 31.03.2019 to 30.11/2019/31.12.2019 General Circular No. 13/2019 F.No. 01/34/2013 CL-VGovernment of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’Wing, Shastri Bhawan,Dr. Rajendra Prasad Road, New Delhi-1Dated: 29.10.2019 ToAll Regional Directors,All Registrar of Companies,All …

Addition made for excess agriculture productivity of fruits quashed. No disallowance can be made merely on basis of report of Agriculture Officer   ABCAUS Case Law Citation:ABCAUS 3182 (2019) (10) ITAT Addition made for excess agriculture productivity In the instant case, appeal was filed by the assessee against …

Prosecution 276C for wilful attempt to evade tax stayed during pendency of appeal as its outcome would have bearing on the prosecution against the petitioners. ABCAUS Case Law Citation:ABCAUS 3181 (2019) (10) HC Important case law relied upon by the parties:K.C.Builders v. Assistant Commissioner of Income Tax : …

Disallowance 40A3 for cash payments by brick kiln quashed as payments made to truck drivers at night after banking hours at village without banking facilities ABCAUS Case Law Citation:ABCAUS 3180 (2019) (10) ITAT Important case law relied upon by the parties:CIT vs. Raja Pal Automobiles (2010) 320 ITR …

Sale of scrap reduced from WIP upheld. Scrap held inextricably linked with construction / developmental activity  ABCAUS Case Law Citation:ABCAUS 3179 (2019) (10) ITAT Important case law relied upon by the parties:Bokaro Steel Ltd. 236 ITR 315 In The instant case, the assessee had challenged the order passed …

President of India to Present National CSR Awards to Select Companies on Tuesday for their Outstanding Contribution in Area of CSR   The President of India, Shri Ram Nath Kovind, will present the National Corporate Social Responsibility Awards (NCSRA) to select companies for their outstanding contribution in area of Corporate …