Disallowance u/s 37(1) for pan masala seized deleted following SC decision that Explanation 1 apply to business expenses not to business losses ABCAUS Case Law Citation: ABCAUS 2979 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: T.A. Quereshi Vs. CIT (2006) 286 ITR 547 The …

Addition for cash deposit deleted as cash withdrawals, redeposit took place during the year itself, there was no question of making addition ABCAUS Case Law Citation: ABCAUS 2978 (2019) (05) ITAT The appeal by the assessee was directed against the order passed by the CIT(A) against the confirmation …

Sovereign Gold Bond Scheme 2019-20 to be issued every month from June 2019 to Sep 2019 Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued every month from June 2019 to September 2019 …

Free Accounting & Billing Software for Micro, Small and Medium Enterprises from GSTN As per directions of GST Council, GSTN has partnered with some Billing and Accounting software vendors for providing free software to the Micro, Small and Medium Enterprises, with annual turnover under Rs 1.5 Cr, in …

Ministry of Statistics & Programme Implementation   National Accounts Statistics: A clarification on the usage of MCA Corporate Database  1.   This press release is being issued to clarify on the recent media reports on the usage of corporate sector database (Ministry of Corporate Affairs, MCA) in preparation of …

Notice u/s 143(2) issued by ITO of non jurisdictional ward and consequent assessment framed was invalid and hence both quashed ABCAUS Case Law Citation: ABCAUS 2977 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: Hindustan Transport Co. vs. Inspecting Assistant Commissioner 189 ITR 326 Abhishek …