Prosecution u/s 278B without proof of service of notice u/s 2(35) expressing intention treating a person as Principal Officer of the Company quashed ABCAUS Case Law Citation:ABCAUS 2740 (2019) (01) AC Important Case Laws Cited/relied upon:V.P. Punj Vs. Asstt. CIT, 2001, 119 TAXMAN 543 Delhi, Sushil Suri and Ors. Vs. State & Ors. (2008) 303 ITR 86 Madhumilan Syntex Ltd. and Ors. Vs. Union of India (SC)Greatway (P) Ltd. & Ors. Vs. Asstt. CIT, 199 ITR 391 (P&C),ITO Vs. Roshini Cold Storage (P) Ltd. and Ors., (2000) 245 ITR 322 (Mad)Income Tax …
ITAT analyses validity of notice u/s 143(2) by non jurisdictional AO. On objection, AO obligated to refer matter for determination of jurisdiction u/s 124(2) ABCAUS Case Law Citation: ABCAUS 2739 (2019) (01) ITAT Important Case Laws Cited/relied upon: ACIT Vs. Hotel Blue Moon (2010) 321 ITR 362 (SC) …
When assessee during assessment proceedings voluntarily admitted mistake then mere absence of revised return would not justify penalty u/s 271(1)(c) ABCAUS Case Law Citation: ABCAUS 2738 (2019) (01) ITAT Important Case Laws Cited/relied upon: CIT Vs. Man Industries Ltd.(2018) 164 DTR (Bom) 165 CIT Vs. Somany Evergreen Knits …
Non application of section 56(2)(viia) to fresh issue of shares contrary to express provisions and legislative intent – CBDT clarifies again Circular No. 03/2019 F.No. 173/616/2018-ITA.IGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes) North Block, New Delhi,Dated the 21st January, 2019 Subject: Applicability of section …
Amendment to Provident Fund / Pension rule for IBBI Chairperson & whole-time members MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th January, 2019 G.S.R. 41(E).—In exercise of the powers conferred by clause (zd) of sub-section (2) of section 239, read with sub-section (5) of section 189 of the …
Issue of securities in dematerialised form not to apply to Nidhi Government company or wholly owned subsidiary. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 22nd January, 2019 G.S.R. 43(E).—In exercise of the powers conferred by section 26, sub-section (1) of section 27, section 28, section 29, sub-section (2) …
