Assessment done by CIT-OSD promoted on situ basis upheld. Contention was that CIT could not be Assessing Officer u/s 2(7A) of Income Tax Act ABCAUS Case Law Citation ABCAUS 2369 (2018) 06 ITAT The instant appeal was filed by the assessee challenging the order passed by the CIT(A) …
Return filed with wrong jurisdiction cannot be considered for deciding the validity of reopening u/s 148 as AO’s belief is based on material available with him – ITAT ABCAUS Case Law Citation ABCAUS 2368 (2018) 06 ITAT The instant appeal was filed by the assessee challenging the order …
Fee and other Expenses incurred by Insolvency Professional for Corporate Insolvency Resolution Process-Circular by IBBI Insolvency and Bankruptcy Board of India (IBBI) has issued circular on the subject of Fee and other Expenses incurred by Insolvency Professional for Corporate Insolvency Resolution Process Under the Insolvency and Bankruptcy Code, …
GST Special Refund Fortnight Extended to 14.06.2018 in view of the overwhelming response. Earlier, GST Special Refund Fortnight was announced to be organized from 31.05.2018 to 14.06.2018 in which Center and State GST officers will strive to clear all GST refund applications received on or before 30.04.2018 Thus information …
RBI cautions public on job scam through electronic communication by fake email and false letterheads. Advises to refer only its official website for any Recruitment related information RBI, in its Press Release dated 12th June, 2018 has warned general public about the job scam. As per the release, …
Depreciation allowed when asset was not used for a single day during the year due to seizure by bank for loan default – ITAT followed law settled by High Courts ABCAUS Case Law Citation ABCAUS 2367 (2018) 06 ITAT The instant appeal was preferred by the Income Tax Department …