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Abcaus

cbdt

CBDT authorises PrCCIT to assign additional charge of vacant post of CIT-Appeals

administrator February 26, 2019 Income Tax
CBDT authorises PrCCIT to give additional charge of vacant post of CIT-Appeals CBDT, in order to ensure speedy disposal of pending cases has authorised the Principal Chief Commissioners of Income Tax (CCA) to assign additional charge of the vacant post of CIT(Appeal) under its jurisdiction. The PrCCIT can …
Allowability us 37(1)

Allowability of penalty for redemption of confiscated goods violating import conditions – HC explains Law

administrator February 26, 2019 High Courts, Income Tax
Allowability u/s 37(1) of fine /penalty for redemption of goods ordered to be confiscated for breach of import conditions – High Court explains the Law ABCAUS Case Law Citation:ABCAUS 2801 (2019) (02) HC Important Case Laws Cited/relied upon by the parties CIT V/s. Ahmedabad Cotton Mfg. Co Ltd. …
bogus donation

CBDT busts bogus donation racket u/s 35(1)(ii) by Rural Development Society, Hyderabad

administrator February 25, 2019 Income Tax
CBDT busts bogus donation racket u/s 35(1)(ii) by Rural Development Society, Hyderabad by issuing forged certificates of more than Rs. 40 crores F. No. 225/26/2019-ITA (II) Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes**** Room No. 245A, North BlockNew Delhi, the 25th February, …
Car registered in the name of Director

Depreciation on Car registered in Director’s name-Supreme Court dismisses SLP of ITD

administrator February 25, 2019 Income Tax, Supreme Court
Depreciation on Car registered in the name of Director- Supreme Court dismisses SLP of the Revenue against dismissal of the question of law ABCAUS Case Law Citation: ABCAUS 2800 (2019) (02) SC The Hon’ble Supreme Court has dismissed the SLP of the Revenue against inter alia the issue …
categories of NBFCs

RBI to merge the three categories of NBFCs into a new category called NBFC-ICC

administrator February 25, 2019 RBI
RBI has decided to merge the three categories of NBFCs viz. AFC, LCs and ICs into a new category called NBFC-Investment and Credit Company (NBFC-ICC) Over a period of time, evolution of the NBFC sector has resulted in several categories of NBFCs intended to focus on specific sector/ …
Instruction Kit for ACTIVE eForm

Instruction Kit for ACTIVE eForm INC-22. MCA releases help for Successful Submission of Form

administrator February 25, 2019 Companies Act
Instruction Kit for ACTIVE eForm INC-22. MCA releases Form with help/important Points for Successful Submission of the e-Form The notice of change of the situation of the registered office and verification thereof shall be filed in Form No. INC-22 along with the fee and shall be attached to …

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