Section 54F exemption is for cost of new asset, not consideration paid for acquisition. AO was held wrong in holding that expenses were made to make house luxurious and comfortable ABCAUS Case Law Citation: ABCAUS 2625 (2018) (11) ITAT The instant judgment was delivered in a batch of …

ITAT jurisdiction to consider rectification application is extremely limited. Supreme Court dismisses SLP of the Petitioner ABCAUS Case Law Citation: ABCAUS 2624 (2018) (11) SC Earlier, the petitioner had approached High Court against the order of the Income Tax Appellate Tribunal (ITAT) in declining to rectify its previous …

Central Government establishes Adjudicating Authority and Appellate Tribunal at Delhi under Prohibition of Benami Property Transaction Act, 1988 (the Benami Act)  Authority/Tribunal Place Adjudicating Authority appointed to exercise jurisdiction, powers and authority conferred by or under the Benami Act The jurisdiction of the Adjudicating Authority shall be over the …

Uttar Pradesh GST Department to conduct e-hearing assessment of corporate dealers for transparency and minimum interface with trader. Uttar Pradesh GST Department has decided to make assessment of corporate dealers through e-hearing. Earlier a corporate circle was formed with the objective that in each zone jurisdiction for top …

E-way Bill New 11 FAQ -Part-A slip, PIN Code, invoice value over 10 crores, tax rates, Multi-Vehicle option, goods movement batches, branch details Question 1 What should I do if I don’t have ‘Transporter Id’ but want to enter and generate ‘Part-A slip’? This is not possible as per …

Foreign Exchange Management Deposit Amendment Regulations 2018. Opening of foreign currency A/c by FPI / Foreign Venture Capital Investor registered with SEBI RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION New Delhi, the 9th November, 2018 No. FEMA 5 (R)(1)/2018-RB Foreign Exchange Management (Deposit) (Amendment) Regulations, 2018 …