Assessment of Firms-Some of important issues to be kept under consideration by the Assessing Officers while framing assessment Circular No. 12/2019 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 19th of June, 2019 Subject: ‘Assessment of Firms’ …

Assessee is entitled to claim set-off of loss against income determined under section 115BBE of the Act till the assessment year 2016-17 Circular No. 11 /2019 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, New Delhi, dated the 19th of June, …

Depreciation on intangible assets on conversion of proprietorship into private limited company allowed as the transaction was not considered sham ABCAUS Case Law Citation: ABCAUS 3019 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: CIT vs. Sandvik Chokshi Ltd. 55 taxmann.com 453 (Gujarat) Commonwealth Trust …

Addition made in the present year to work-in-progress to be considered as opening stock next year-ITAT directs AO ABCAUS Case Law Citation: ABCAUS 3018 (2019) (06) ITAT The assessee was a private limited company engaged in civil construction. The Return of income of the company was processed u/s …

Customs (Supplementary Notice) Regulations, 2019. Supplementary notice where notice / show cause has been issued under section 28 or section 124 of Customs Act MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 42/2019-Customs (N.T.) New Delhi, the 18th June, 2019 G.S.R. 429(E).—In exercise …

15 Senior IRS Officers compulsorily retired by the Government in public interest with immediate effect. Order in each case issued today  Ministry of Finance Press Release 18th June 2019 In exercise of the powers conferred by Clause (j) of Rule 56 of the Fundamental Rules, the President of …