Withdrawal of deduction u/s 54/54F beyond scope of rectification u/s 154. AO has no jurisdiction to re-appreciate evidences already considered.  ABCAUS Case Law Citation:ABCAUS 3294 (2020) (04) ITAT Important case law relied upon by the parties:T.S. Balaram, Income Tax Officer vs Volkart Brothers & Ors, 82 ITR 50 …

CBDT relaxes time for submission of Forms 15G & 15H for FY 2020-21 Due to the outbreak of the COVID-19 virus, the CBDT has issued an order u/s 119 of the Income Tax Act 1961 regarding submission of Form 15G and Form 15H for Financial Year 2020-21. Due …

Measure to facilitate trade during lockdown to expedite customs clearance of goods in terms of section 143AA of the Customs Act 1962 Circular No. 17/2020-Customs   F. No.473/02/2020-LCGovernment of IndiaMinistry of FinanceDepartment of Revenue (Central Board of Indirect Taxes & Customs)   Room No.49, North Block, New DelhiDated …

Assessee must be put to notice of all provisions on which revenue relies upon. Supreme Court quashed reopening notice u/s 148 ABCAUS Case Law Citation:ABCAUS 3293 (2020) (04) SC Important case law relied upon by the parties:Claggett Brachi Co. Ltd. London 1989 Supp(2) SCC 182M/s Phool Chand Bajrang …

CBIC issues GST Notifications/Circular and clarify relief provided due to Corona Virus (COVID-19)   CBIC has issued various Notifications and Circular to provide relief to taxpayers in view of spread of Novel Corona Virus (COVID-19). The relief was earlier announced by the Finance Ministry in a Press Conference. …

Suspension of enrolments for Limited Insolvency and Valuation Exams. Date extended till 14.04.2020 Insolvency and Bankruptcy Board of India Examinations Division INFORMATION FOR CANDIDATES In view of the Advisory on Social Distancing Measure in view of spread of COVID-19 disease, all enrolments for the Limited Insolvency Examination and …