GSTR-3B not a monthly return in lieu of Form GSTR-3. High Court quashes Finance Ministry Press release clarifying the last date for availing ITC relating to invoices issued during July 2017 to March 2018 ABCAUS Case Law Citation: ABCAUS 3053 (2019) (07) HC The Finance Ministry vide Press …

Income wrongly declared in ITR by mistake cannot be taxed because assessee has not earned it. There is no provision in the Act to do so. ABCAUS Case Law Citation: ABCAUS 3052 (2019) (07) ITAT The instant appeal was filed by the assessee against the order of the …

Allowability of deduction u/s 80TTB for SB interest to senior citizens not have fixed deposit interest income  The ITR utilities provided by the income tax efiling website have been programmed to disallow the deduction u/s 80TTA to senior citizens (base on the input of date of birth) by …

Transfer u/s 2(47)(v) is complete when possession of immovable property taken over in part performance of contract  ABCAUS Case Law Citation: ABCAUS 3051 (2019) (07) ITAT In The instant case, the Revenue had filed the appeal against the order passed by the CIT(A) in directing to treat the …

CBDT exempts income of Chhattisgarh Building and Other Construction Workers’ Welfare Board MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 52/2019 New Delhi, the 4th July, 2019 S.O. 2378(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax …

Penalty u/s 271(1)(c) confirmed despite non specifying charge in the notice as assessee not raised it before CIT(A) and changed stand before ITAT ABCAUS Case Law Citation: ABCAUS 3050 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties: CIT v. Zoom Communication (P) Ltd. Sundaram Finance …