Concealment penalty deleted for excess salary appearing in Form 26AS on revision by employer. ITAT accepted assessee’s explanation as bonafide & genuine ABCAUS Case Law Citation:ABCAUS 3160 (2019) (09) ITAT Concealment penalty for excess salary appearing in Form 26AS In the instant case, the appeal was filed by …
Depreciation rate on printers under Income Tax. Computer peripherals like printers part of computer system & entitled for depreciation at the rate of 60% ABCAUS Case Law Citation:ABCAUS 3159 (2019) (09) ITAT Important case law relied upon by the parties:CIT Vs. Cactus Imaging India Pvt. Ltd.CIT Vs. Bses …
Condonation of delay in filing Form no. 10B for AY 2016-17 & 2017-18. Deadline extended to 30.09.2020 for belated applications. Condonation of delay in filing Form no. 10B Circular No. 28/2019 F.No.197/55/2018-ITA-IGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New Delhi, Dated: 27th September, …
CBDT extends last date for linking PAN & Aadhaar from 30th September, 2019 to 31st December, 2019. CBDT Notification Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes NOTIFICATION New Delhi, the 28th September, 2019 S.O ……….. (E).- In exercise of the powers conferred under sub-section …
Empanelment of CAs for office of Official Liquidator, Gujarat High Court EMPANELMENT NOTICE Application for Empanelment of Chartered Accountants for the office of the Official Liquidator, High Court of Gujarat The Background:The Official Liquidator (OL) had sought permission of the Hon’ble High Court of Gujarat for the payment …
Penalty u/s 271(1)(c) on disallowance of notional interest on debit balances in capital account of some of the partners deleted as in totality, partners capital had net credit balance. ABCAUS Case Law Citation:ABCAUS 3158 (2019) (09) ITAT In the instant case, the appeal was filed by the assessee …
