In absence of cost of acquisition of development rights, TDR cannot be taxed as a capital gain. Supreme Court dismissed SLP of Department ABCAUS Case Law Citation:ABCAUS 3097 (2019) (08) SC Important case law relied upon by the parties:Sambhaji Nagar Co-op. Hsg. Society Ltd. (2015) 370 ITR 325 …

Issue of notice u/s 148 by Non jurisdictional AO not valid. Section 292BB not applicable where assessee had already objected the issue before AO ABCAUS Case Law Citation:ABCAUS 3096 (2019) (08) ITAT The instant appeal filed by the assessee was directed against the order of CIT(A). The assessee …

Finance Act 2019 download. the Finance (No. 2) Act, 2019 has received the assent of the President on 1st August, 2019 MINISTRY OF LAW AND JUSTICE(Legislative Department) New Delhi, the 1st August, 2019/Shravana 10, 1941 (Saka) The following Act of Parliament received the assent of the President on …

e-Filing Lite version of website launched by Income tax department with limited functionality  Income tax department is launching ‘e-Filing Lite’, a lighter version of e-Filing portal. The Lite version is expected to load quickly and can be especially helpful in peak filing time. The lighter version of e-Filing …

CGST Act not empower Govt. to frame rule providing lapse of ITC. Notification No. 20/2018 and Circular No.56/30/2018-GST quashed and declared ultra vires to that extent ABCAUS Case Law Citation:ABCAUS 3095 (2019) (08) HC Important case law relied upon by the parties:Dipak Vegetable Oil Industries Ltd. Vs. Union …

Extension of time of the Task Force for drafting a New Direct Tax Legislation to 16.08.2019 Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 31st July, 2019 PRESS RELEASE Extension of time of the Task Force for drafting a New Direct Tax Legislation …