Depreciation on goodwill and non compete fee allowed by the Tribunal in view of the binding judgment of Hon’ble Supreme Court and jurisdictional High Court    ABCAUS Case Law Citation: ABCAUS 2953 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties CIT Vs. Smifs Securities Ltd., …

Reopening u/s 148 for mere non disclosure of bank account in ITR without forming belief that income has escaped assessment, bad in law ABCAUS Case Law Citation: ABCAUS 2952 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties G.K. N. Driveshafts (India) Ltd. vs. ITO (2003) …

Penalty 271A cannot be sustained when assessee was not covered under Rule 6F assessee furnished adequate information to enable AO to compute income ABCAUS Case Law Citation:ABCAUS 2951 (2019) (05) ITAT Important Case Laws Cited/relied upon by the partiesMehta Parvesh vs. ITO 60 TTJ (Del) 278ACIT Vs. M/s …

Applicability of section 115BBE to surrender made during survey is highly debatable. ITAT quashed rectification order imposing higher tax rate ABCAUS Case Law Citation: ABCAUS 2950 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Shri Lovish Singhal, Sriganganagar & Ors. Vs. ITO CIT v/s Bajargan …

Amendment of Form No 10B of auditors report u/s 12A(b) for charitable institution CBDT issues draft notification proposing more comprehensive reporting both in audit report and in annexure of Statement of particulars  F No 370142/6/2019-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes****** New Delhi, May …

Innovation Sandbox by SEBI for FinTech firms and entities not regulated by for access to securities market related data Securities and Exchange Board of India CIRCULAR SEBI/MRD/CSC/CIR/P/2019/64 May 20, 2019 To, All Stock Exchanges, Depositories and Qualified Registrar and Share Transfer Agents Dear Sir/Madam, Subject: Framework for Innovation …