Tribunal, being a fact finding Forum is expected to render its findings on merits instead of dismissing appeal on technical reason like delay, unless it is very huge and without any genuine reason ABCAUS Case Law Citation:ABCAUS 2691 (2018) (12) HC The assessee had filed this Appeal under …

 Manufacture and other operations allowed for goods in public bonded warehouses up to 31st January 2019 Circular No.53 /2018-Customs F. No: 473/03/2017 -LC Govt. of India Ministry of Finance Dept. of Revenue Central Board of Indirect Taxes & Customs North Block, New Delhi Dated 28th December 2018 To, …

Sale of property was not business income when not held as stock in trade neither was related to the business of the assessee. ABCAUS Case Law Citation: ABCAUS 2690 (2018) (12) ITAT Important Case Laws Cited/relied upon: Venkataswami Naidu & Co. vs. Commissioner of Income Tax 35 ITR …

AO is under obligation to specify the limb of section 271(1)(c) at the time of initiation as well as at the time of levy of penalty.   ABCAUS Case Law Citation:ABCAUS 2689 (2018) (12) ITAT Important Case Laws Cited/relied upon:CIT Vs. Shri Samson PerincheryCIT Vs. Manjunatha Cotton and …

Status of Petition filed in High Courts for extension of due date for audit ITRs for AY 2018-19. Gujarat, Delhi, Allahabad, Rajasthan and Keral High Court. CBDT has Extended ITR Tax Audit filing due date for AY 2018-19 to 31st October 2018. As per the order, liability to …

ITR due date extension-Kerala High Court asks assesses to file application u/s 119(2)(a)/119(2)(b), CBDT to hold camps in Kerala to consider them ABCAUS Case Law Citation: ABCAUS 2688 (2018) (12) HC The grievance of the petitioners (Alwaye Chartered Accountants’ Association, the lead case) was essentially against the announcement …