GST Councils 38th meeting held on 18th December 2019. Highlights of decisions taken on Rate Changes   Ministry of FinancePress Release GST Council’s decisions On Rate Changes The 38th meeting of the GST Council met under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. …

GST Councils 38th meeting held on 18th December 2019. Highlights of decisions taken on Law/Procedure changes. Further Extension of GSTR 9 Annual Return   Ministry of Finance Press Release GST Council’s decisions regarding Law and Procedure related changes The 38th meeting of the GST Council met under the …

Revised Returns filed belatedly after amalgamation of companies was held to be valid by the Supreme Court in view of section 170(1) of the Income Tax Act ABCAUS Case Law Citation:ABCAUS 3199 (2019) (12) SC Important case law relied upon by the parties:Marshall Sons & Co. (India) Ltd. v. ITO (1997) 2 SCC 302Kailash …

CBDT extends condonation of delay in filing Form No. 9A & Form No. 10 for Assessment Year 2017-18  CBDT vide Circular No. 7/2018 dated 20th December 2018, in order to expedite the disposal of applications filed by trusts for condoning the delay,  authorized the Commissioners of Income-tax, to …

Failure of AO to apply/examine applicability of section 184(5) makes the assessment order erroneous and prejudicial to the interests of Revenue ABCAUS Case Law Citation:ABCAUS 3198 (2019) (12) ITAT Important case law relied upon by the parties:Mubarak Trading Co. v/s CIT, 174 Taxman 339Mas Properties & Developers v/s …

Reassessment u/s 148 due to credit card payment. ITAT directed AO to delete the addition made in view of returned income of the assessee ABCAUS Case Law Citation:ABCAUS 3197A (2019) (12) ITAT The instant appeal was filed by the assessee against the order of the CIT(A) in the …