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Abcaus

ncef

Logo Design and Tagline Competition by National Centre for Financial Education

administrator December 26, 2018 RBI, SEBI
NCFE has invited entries for the Logo design and Tagline design competition. The National Centre for Financial Education (NCFE) was setup in 2013 with support from all the financial sector regulators i.e., RBI, SEBI, IRDAI and PFRDA for implementation of the National Strategy for Financial Education (NSFE). It …
cbdt circular

Extension of due date for furnishing report u/s 286 (4) of Income-tax Act 1961 

administrator December 26, 2018 Due Date Extension, Income Tax
Extension of the due date for furnishing of report u/s 286 (4) of the Income-tax Act 1961 by constituent entity. Circular  No. 9/2018 F No 370142/17/2018 -TPL Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes**** New Delhi. Dated December 26, 2018 Order under section …
icai

ICAI notifies names, membership numbers and places of members elected to 24th Council

administrator December 26, 2018 ICAI
ICAI notifies list of names, membership numbers and places of the members, who have been elected to the Twenty Fourth Council of the Institute THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 24th December, 2018 (Chartered  Accountants) No. 54-EL(1)/15/2018.—In pursuance of Rule 36 of the …
Seizure of goods

Confiscation of goods simply on confidential information from higher authorities stayed

administrator December 25, 2018 GST, High Courts
High Court stayed confiscation of goods made simply on confidential information received from higher authorities to stop the vehicle, without  satisfying conditions of section 130 of the CGST Act ABCAUS Case Law Citation:ABCAUS 2682 (2018) (12) HC The petitioner had preferred the instant petition before the Hon’ble High …
cash deposit

Mere earlier withdrawals no basis for explaining subsequent cash deposited in bank – ITAT

administrator December 25, 2018 Income Tax, ITAT
Merely cash withdrawals at one point of time cannot be a sole basis for explaining the cash deposit in future. ITAT upheld additions u/s 69. ABCAUS Case Law Citation:ABCAUS 2681 (2018) (12) ITAT Important Case Laws Cited/relied upon: The instant appeal had been filed by the assessee against …
reasons recorded

Without further examining info from Investigation, AO can not conclude that income escaped assessment

administrator December 25, 2018 Income Tax, ITAT
AO should examined return of income and carry out initial investigation before coming to the conclusion that income has escaped assessment – ITAT ABCAUS Case Law Citation:ABCAUS 2680 (2018) (12) ITAT Important Case Laws Cited/relied upon:M/s. Allied Gems CorporationPCIT v/s M/s Shodiman Investments P Ltd.Narain Dutt Sharma v. …

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