Assessment Order passed several months ahead of deadline without making inquiries/verification is without due application of mind & in avoidable haste making stronger case for revision u/s 263 ABCAUS Case Law Citation:ABCAUS 3229 (2020) (01) ITAT Important case law relied upon by the parties:Deniel Merchants Pvt. Ltd. Vs. …
Notice u/s 148 approval recording satisfaction “Yes, I am satisfied on the reasons recorded by the AO that it is a fit case for issue of notice u/s. 148 of the I.T. Act.” invalid ABCAUS Case Law Citation:ABCAUS 3228 (2020) (01) ITAT Important case law relied upon by …
Clarification relating to import of personal gifts purchased from e-commerce portals through post/courier. Gifts import allowed on payment of full duties. Circular No. 4/2020- Customs F. No: 451/04/2020-Cus.VGovernment of India Ministry of Finance Department of RevenueCentral Board of Indirect Taxes & Customs************ North Block, New Delhi Date 21st …
Mis-classification of goods under ‘Others’ category in the Bills of Entry Govt. warns bringing licensing regime for all such items by shifting them to restricted category Government of IndiaMinistry of Commerce and IndustryDepartment of CommerceDirectorate General of Foreign Trade****** 17th January, 2020 TRADE NOTICE NO. 46/2019-20 To1. Members …
Printing process for Union General Budget 2020-21 commences with Halwa Ceremony The Halwa ceremony, marking the commencement of Budget printing process for Union General Budget 2020-21, was held here in North Block today morning in the presence of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. …
AO cannot sit back with folded hands in not issuing summons u/s 131 of Income Tax Act in quest for the truth. ITAT deleted additions made on account of cash deposits ABCAUS Case Law Citation:ABCAUS 3227 (2020) (01) ITAT In the instant case, appeal was filed by the …
