General Circular No. 12/2018 F. No. 1/4/2016-CL-IGovernment of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan,Dr. R. P. Road, New Delhi Dated: 13th December, 2018 ToAll RDs,All RoC,The Stakeholders Subject: Extension of the last date of filing of Form NFRA-1-reg. Sir, The Ministry of Corporate Affairs …

AO exceeded jurisdiction in dropping penalty on issues pending in quantum appeal-ITAT upholds exercise of revisional powers by CIT u/s 263 ABCAUS Case Law Citation: ABCAUS 2666 (2018) (12) ITAT The appellant assessee had contested the invocation of revisional jurisdiction u/s 263 of the Income Tax Act, 1961 …

Fair Market Value of property as on 01.04.1981-ITAT follows Supreme Court Guidelines and adopts value as suggested by both Revenue and the assessee ABCAUS Case Law Citation: ABCAUS 266 (2018) (12) ITAT The appellant assessee was an individual. The case of the assessee was selected for scrutiny under …

GST Annual return filing due date for the period 01.07.2017 to 31.03.2018 extended to 31.03.2019  Government of India Ministry of Finance (Department of Revenue) Order No. 1/2018-Central Tax New Delhi, the 11th December, 2018 S.O.(E).––WHEREAS, sub-section (1) of section 44 of the Central Goods and Services Tax Act, 2017 …

Set off of expenses against surrendered income held erroneous and prejudicial to the interest of the revenue as assessee failed to demonstrate that income surrendered had a business link. ABCAUS Case Law Citation: ABCAUS 2664 (2018) (12) ITAT Important Case Laws Cited/relied upon: M/s. Makson Distributors, Vs. The …

CBDT reiterates that appeals against adverse judgments should only be filed on merits even on issues mentioned in para 10 of Circular No. 3 of 2018 F. No .  279/Misc/M-93/2018-ITJGovernment of India Ministry of FinanceDepartment of Revenue Central Board Direct TaxesJudicial Section New Delhi,  11th December 2018 To …