Condonation of delay by CIT(Exemptions) u/s 119(2)(b) for filing Form 9A 10 where ITRs have also been filed beyond due date Circular No. 6/2020 F.No.197/55/20 18-ITA-IGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes***** New  Delhi, the  19th February,  2020 Sub: Condonation of delay …

CBIC Concept Paper on Custom Faceless e-Assessment. Suggestions invited. faceless assessment is part of the string of reforms titled ‘Turant’ Customs.  CBIC is planning to launch Faceless e-Assessment for imported goods and has solicited suggestions, views, comments on Faceless e-Assessment. Accordingly, it has also issued a detailed Concept …

CBDT defines unauthorised colony in NCT of Delhi for exemption from deemed tax u/s 56(2)(x) under Rule 11UAC   MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 12/2020 New Delhi, the 17th February, 2020 INCOME-TAX G.S.R. 124(E).—In exercise of the powers conferred by clause (XI) of …

Prosecution u/s 276CC-Failure to file ITR was not willful due to seizure of documents required by assessee for examination before filing the return u/s 153A ABCAUS Case Law Citation:ABCAUS 3260 (2020) (02) HC Prosecution u/s 276CC-Failure to file ITR held not willful In the instant case, the Income …

Procedure for Filing of forms in Registry (MCA-21) by Insolvency Professional/ Liquidator appointed under IBC 2016. NCLT appointment order to be filed first in Form INC-28 at MCA21  General Circular No. 04/2020 F.No.01/02/2019- CL-VGovernment of IndiaMinistry of Corporate Affairs 5th Floor ‘A’ Wing, Shastri Bhawan,Dr. Rajendra Prasad Road, …

For grant of registration u/s 12A if tax not deducted at source (TDS) from salary or salary paid partly in cash and partly by cheque is irrelevant ABCAUS Case Law Citation:ABCAUS 3259 (2020) (02) ITAT In the instant case, the appeal had been filed by the Assessee against …