Capital introduced by partner can not be taxed in firms hand as undisclosed income. It could be added in the hands of partners only – ITAT ABCAUS Case Law Citation: ABCAUS 2866 (2019) (04) ITAT Important Case Laws Cited/relied upon by the parties India Rice Mills vs. CIT …

Clarification on exercise of option to pay central tax @ 3% on first supplies of goods or services upto an aggregate turnover of 50 lakhs Circular No. 97/16/2019-GST F. No. CBEC-20/16/04/2018 – GST (Pt. I)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy …

GST Tax Invoice Series to be used wef 1st April, 2019 and Bill of Supply. Taxpayers advised to make suitable modifications accordingly-GSTN Advisory Attention of all taxpayers is invited to Rule 46 (b) of the CGST Rules 2017, which specifies that the tax invoice issued by a registered …

DVO reference u/s 55A invalid where value was more than FMV as on April 1, 1981 as per approved valuer’s report submitted by assessee ABCAUS Case Law Citation:ABCAUS 2865 (2019) (04) ITAT Important Case Laws Cited/relied upon by the parties Commissioner of Income Tax (Appeals) vs Hotel Joshi …

No concealment penalty for bonafide error of chartered accountant in claiming wrong deduction u/s 80IC by choosing incorrect initial assessment year ABCAUS Case Law Citation: ABCAUS 2864 (2019) (04) ITAT Important Case Laws Cited/relied upon by the parties Price Water Coopers reported in 348 ITR 306 Zoom Communication …

There is no concept of pre bargaining under Income Tax Act – ITAT dismisses delayed quantum appeal filed after initiation of penalty proceedings ABCAUS Case Law Citation: ABCAUS 2863 (2019) (04) ITAT Important Case Laws Cited/relied upon by the parties Collector, Land Acquisition v. Mst. Katiji 167 ITR …