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 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 …
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 …
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 …
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. …
Determination of fair market value of unquoted equity shares of ‘Start Up’ companies under section 56(2)(viib) of the Income-tax Act, 1961 read with Rule 11UA(2) of Income-tax Rules, 1962 -reg. CBDT vide instruction dated 06.02.2018 instructed that no coercive measures to recover the outstanding demand would be taken in …
