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 …

Notice can be served on Chartered Accountant as agent of assessee when CA holds Power of Attorney of the Company for the relevant AY – Supreme Court ABCAUS Case Law Citation:ABCAUS 3178 (2019) (10) SC Important case law relied upon by the parties:State of Rajasthan v. Basant Nehata 2005 (12) SCC 77 Notice …

Relaxation of additional fees and extension of last date of filing of CRA-4 (cost audit report) for FY 2018-19 to 31/12/2019  General Circular No. 12 /2019 F. No. 01/40/2013-CL-V (Pt.I)Government of IndiaMinistry of Corporate Affairs ToAll Regional Directors,All  Registrar of Companies,All stakeholders 5th Floor, ‘A’ Wing, Shastri Bhawan, …