CBI has booked a Delhi based Chartered Accountant (CA) in a alleged Bribery case. A lady Income Tax Inspector has also been booked along with the said CA. A written complaint was made to the CBI alleging that that one Income Tax officer (ITO) at Delhi had issued …
CBDT authorizes CIT u/s 119(2)(b) to admit belated applications in Form No. 9A and Form No.10 in respect of AY 2016-17-Circular 7/2018 Circular No. 7 / 2018 F.No.197/55/2018-ITA-IGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes North Block, New Delhi20th December , 2018 Sub: …
Prosecution 276C(2) – Evasion of tax vs evasion of payment of tax. High Court quashed prosecution when ITAT reduced income and there was no indifference on the part of assessee to pay demanded tax ABCAUS Case Law Citation:ABCAUS 2677 (2018) (12) HC Important Case Laws Cited/relied upon:Commissioner of …
Press Information Bureau Government of India New Delhi, December 19th 2018 DIPP Clarification on IT Notice to Angel Investors / Start-ups The Department of Industrial Policy & Promotion(DIPP) has taken notice of the news reports regarding issue of notices by Income Tax authorities to Angel Investors/Start-ups. DIPP in …
RBI launches December 2018 Round of Consumer Confidence Survey (CCS) and Inflation Expectations Survey of Households (IESH) The Reserve Bank of India has launched conducting Consumer Confidence Survey (CCS) and Inflation Expectations Survey of Households (IESH) for December 2018 round. While the CCS seeks qualitative responses from households, regarding …
Re-assessment order passed in violation of guidelines laid down by the Supreme court in the case of GKN Driveshaft Ltd. is bad in law- ITAT ABCAUS Case Law Citation:ABCAUS 2676 (2018) (12) ITAT Important Case Laws Cited/relied upon:GKN Driveshaft (India) Ltd. Vs ITO, 259 ITR 19 PCIT vs …
