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Abcaus

supreme court judgment

Dharmada collected voluntarily from buyer not part of transaction value for sale of goods –SC

administrator April 9, 2019 Excise/Custom, Supreme Court
Dharmada collected as optional payment by buyer not part of transaction value for the sale of goods –Supreme Court quashes CESTAT Order ABCAUS Case Law Citation: ABCAUS 2869 (2019) (04) SC Important Case Laws Cited/relied upon by the parties Collector vs. Panchmukhi Engineering Works 2003 (158) ELT 550 …
cbdt

Extension of period for furnishing report u/s 286(4) by constituent entities -Circular

administrator April 9, 2019 Income Tax
Extension of period for furnishing report u/s 286(4) by constituent entities referred in sub section (a)/(aa) whose parent entities resident in USA Circular No. 7/2019 F No 370142/17/2018 -TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes****** Order under section 119 of the Income-tax Act, 1961 …
cbdt

CBDT brief on the income tax raids in NCR, Bhopal, Indore and Goa

administrator April 8, 2019 Income Tax
Brief highlights of the recent income tax raids in NCR, Bhopal, Indore and Goa As reported by media, yesterday, the Income Tax Department had conducted raids at the Indore home of Praveen Kakkad, an officer on special duty to Madhya Pradesh Chief Minister Kamal Nathand at other locations …
Transfers postings

Transfer posting in the grade of Pr. CCIT on mutual basis by CBDT

administrator April 8, 2019 Income Tax
CBDT has made thirteen transfer posting in the grade of Pr. CCIT on mutual basis as under: S. No. Name of the Officers (S/Shri) From To 1. Geeta S. Nair Pr.CCIT, Bihar & Jharkhand Pr. CCIT, Chennai Jibachh Kumar Yadav Pr.CCIT , Chennai Pr.CCIT,  Bihar & Jharkhand 2. …
supreme court judgment abcaus

Validity of notice u/s 148 where assessment made u/s 143(1)- SC quashes High Court order

administrator April 8, 2019 Income Tax, Supreme Court
Validity of notice u/s 148 where assessment was made u/s 143(1)- Supreme Court quashed High Court order that no substantial question of law arises  ABCAUS Case Law Citation: ABCAUS 2868 (2019) (04) SC The respondent Assessee had filed its return of income for the AY in question declaring the taxable income …
ibbi

Objective of insolvency code is not realisation of bad loans – IBBI

administrator April 8, 2019 bankruptcy
The objective of IBC 2016 is reorganization and insolvency resolution and not realisation of bad loans- IBBI In a letter written to “ The Week” the Insolvency and Bankruptcy Board of India (IBBI) has stated that the impression that Insolvency and Bankruptcy Code, 2016 (Code) is for realisation …

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