Satisfaction of AO as to incorrectness of claim of the assessee is an essential prerequisite for invoking the provisions of section 14A – ITAT ABCAUS Case Law Citation: ABCAUS 2622 (2018) (11) HC Important Case Laws Cited/relied upon: ACIT Vs. M/s Avon Cycles Ltd. CIT Vs. Abhishek Industries …

Income Tax Department prevented to take coercive steps for recovery of disputed tax amount as the Tribunal at Allahabad and Varanasi were non functional ABCAUS Case Law Citation: ABCAUS 2622 (2018) (11) HC Several appeals of the petitioner(s) for the various assessment years were pending before the Income …

AO directed to decide objections before making re-assessment as per law laid down by Supreme Court in the case of GKN Driveshafts (India) Limited ABCAUS Case Law Citation: ABCAUS 2621 (2018) (11) HC Important Case Laws Cited/relied upon: GKN Driveshafts (India) Limited Vs. Income Tax Officer (2003) 259 …

Central Govt. and PSU minimum procure limit from MSME increased to 25% in 3 years out of which 3 per cent earmarked for women owned MSME. Read Notification MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES ORDER New Delhi, the 9th November, 2018 S.O. 5670(E).—In exercise of powers conferred …

CBI arrested an Assistant Commissioner of GST and a Chartered Accountant for alleged criminal conspiracy involving bribery As reported in FIR lodged by the CBI, the Assistant Commissioner (AC), Goods and Service Tax (GST), Enforcement Wing, Delhi had conducted a survey cum seizure operation against a party. During …

Remuneration of part-time member of IBBI increased to Rs. 6000 from Rs. 1000/- for each meeting of the Board attended by the member. Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Services of Chairperson and Members) Second Amendment Rules, 2018 MINISTRY OF CORPORATE …