Condonation of delay u/s 119(2)(b) for mistake of chartered accountant allowed. limitation when lead to hardships, should be construed in a reasonable manner-High Court  In a recent judgment, Delhi High Court has quashed order u/s 119(2)(b) denying condonation of delay in filing refund application observing that limitation when …

Merely because share prices rose abnormally or other persons involved bogus transactions, Long Term Capital Gain exemption u/s 10(38) can not be denied – ITAT ABCAUS Case Law Citation: ABCAUS 2769 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties Jankinath Sarangi Vs State of Orissa …

Non mentioning reasons recorded for reopening in the assessment order proved that assessment was framed in haste without providing adequate opportunity – ITAT ABCAUS Case Law Citation: ABCAUS 2768 (2019) (02) ITAT The appellant assessee had sought to set aside the impugned order passed by CIT(A) confirming the …

NPS-Choice of Pension Fund or Investment pattern in Tire-I, Compensation for non-deposit or delayed deposit of contributions during 2004-2012-Amendment MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 31st January, 2019 F. No. 1/3/2016-PR.—In partial modification of para 1(i) of Ministry of Finance’s Gazette Notification No. 5/7/2003-ECB-PR …

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2019 RESERVE BANK OF INDIA(Foreign Exchange Department)(CENTRAL OFFICE) NOTIFICATIONMumbai, the 31st January, 2019 No. FEMA. 20(R) (6)/2019-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2019 …

When assessee not maintained books of account and filed under presumptive section, cash deposit in bank were correlated to the turnover – ITAT ABCAUS Case Law Citation: ABCAUS 2767 (2019) (02) ITAT The appellant assessee had sought to set aside the impugned order passed by CIT (Appeals) in holding …