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Abcaus

Reopening u/s 148 where properties sold illegally and assessee did not received sale consideration

administrator November 3, 2018 High Courts, Income Tax
Reopening u/s 148 where properties sold illegally and assessee did not received any sale consideration-High Court declines to interfere in view of the alternative remedy available to assessee ABCAUS Case Law Citation: ABCAUS 2610 (2018) (11) HC Important Case Laws Cited/relied upon: Commissioner of Income Tax and others …
Reopening based on AIR information

Reopening based on AIR information after sending query letter was not without application of mind

administrator November 3, 2018 Income Tax, ITAT
Reopening by issue of notice u/s 148 on the basis of AIR information after sending query letter to assessee was not without application of mind nor reasons recorded were reason to mere suspect – ITAT ABCAUS Case Law Citation: ABCAUS 2609 (2018) (11) ITAT The assessee had filed …
reopening notice u/s 148

Reopening notice after 4 year when escaped income less than 1 lakh is time barred – ITAT

administrator November 3, 2018 Income Tax, ITAT
Reopening notice after 4 year when escaped income less than 1 lakh is time barred and not tenable in the eyes of law – ITAT ABCAUS Case Law Citation: ABCAUS 2608 (2018) (11) ITAT Important Case Laws Cited/relied upon: Amarnath Agrawal vs. CIT & Anr. (2015) 371 ITR …
PSB Loans in 59 minutes

PSB Loans in 59 minutes- FAQ. In-Principle approval for MSME loans up to 1 Crore from PSBs

administrator November 3, 2018 MSME
PSB Loans in 59 minutes FAQ. It enables In-Principle approval for MSME loans up to INR 1 Crore in 59 minutes from Public Sector Banks PSB Loans in 59 minutes is an online marketplace, which will enable In-Principle approval for MSME loans up to INR 1 Crore in …

Companies to file half yearly return of overdues to MSME with MCA

administrator November 2, 2018 MSME
Companies to file half yearly return of over dues to MSME with MCA where dues exceed forty five days from the date of acceptance of the goods or services MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES NOTIFICATION New Delhi, the 2nd November, 2018 S.O. 5622(E).—In exercise of powers conferred …
chartered accountant misconduct

ICAI Professional Misconduct order quashed on the issue of limitation on entertaining complaint or information

administrator November 2, 2018 ICAI
ICAI Professional Misconduct order quashed on the issue of limitation period on entertaining complaint or information and remanded back to the Disciplinary Committee ABCAUS Case Law Citation: ABCAUS 2607 (2018) (11) AA Important Case Laws Cited/relied upon: Sunderdas Thakersey and Brothers V/s P K Mukherji, AIR 1966 Cal 468 Kishori …

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