Revision u/s 263 upheld as AO failed to initiate penalty proceedings u/s 271(1)(c) where assessee increased income in revised return filed u/s 148 ABCAUS Case Law Citation:ABCAUS 3091 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:CIT v. Bhikaji Dadabhai and Co. 42 ITR 123ACIT vs. …

Extension of last date of filing of Form BEN-2 under the Companies Act, 2013 and Relaxation of additional fees  General Circular No. 08/2019 F. No. 01/01/2018-CL-VGOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road, New Delhi Dated: the 29th July, 2019 To,All …

Deduction u/s 80JJAA There is no requirement of atleast 100 new workmen to be employed to claim deduction ABCAUS Case Law Citation:ABCAUS 3090 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:Panacea Biotec Ltd. Vs. ACIT 122 ITD 199 The instant appeal by the Assessee was …

Addition as unexplained credit/Investment in case of money launderer / hawala operator. Supreme Court dismisses SLP against High Court order ABCAUS Case Law Citation:ABCAUS 3089 (2019) (07) SC The Income Tax Department had received information from the Enforcement Directorate (ED) that the appellant assessee had opened various bank …

Exemption from filing return of income for income from investment fund set up in IFSC located in India  MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 55/2019 New Delhi, the 26th July, 2019 S.O. 2672(E).—In exercise of the powers conferred by sub-section (1C) of section …

Central Government constitutes the National Traders Welfare Board MINISTRY OF COMMERCE AND INDUSTRY(Department for Promotion of Industry and Internal Trade)(INTERNAL TRADE SECTION) NOTIFICATION New Delhi, the 26th July, 2019 F.No. P-55015/2/2019-Internal Trade.—The Central Government hereby constitutes the ‘National Traders’ Welfare Board’ to advise the Government for the fulfillment …