Sale of shares can not be treated as business income merely on the basis of notes to Audited Accounts. Five broad tests emphasized by Courts ABCAUS Case Law Citation: ABCAUS 2197 (2018) (02) HC The Challenge/Grievance: The Revenue was aggrieved by the decision of the ITAT affirming the …
No doubt hopes of students have shattered-Delhi High Court dismisses writ against CA results expresses concern over circulation of maessages on whatsapp/facebook without any authenticity. ABCAUS Case Law Citation: ABCAUS 2196 (2018) (02) HC Important Case Laws Cited/relied upon by the parties: Sethi Auto Service Station and another …
CEO Government e Marketplace (GeM) notified u/s 138(1) (a)(ii) for the purposes of furnishing information by Income Tax Department Section 138 contains provisions for disclosure of information respecting assessee. As per the provisions, a person can make an application to the Income Tax Department in Form No. 46 …
All pending scrutiny assessment to be conducted only through e-Proceeding except for search cases CBDT has issued an Instruction (01/2018) making all pending scrutiny assessments mandatorily to be conducted only through the ‘E-Proceedings’. Sub-section (23C) of Section 2 of the Income-tax Act, 1961 (Act), applicable from 01.06.2016, provides …
CBEC circular clarifying various issues as approved by GST Council Central Board of Excise and Customs (CBEC) has issued a circular for clarification with regard to the following issues as approved by the GST Council in its 25th meeting held on 18th January 2018. S. No. Issue Clarification 1. …
Notice u/s 148 after four years by ACIT or DCIT requires sanction by CIT under the provisions of section 151(1) before amendment by Finance Act 2015 ABCAUS Case Law Citation: ABCAUS 2196 (2018) (02) HC Prelude: Before the substitution by the Finance Act, 2015, section 151(1) of the …