Compensation received on termination of export contract eligible for deduction u/s 10A being in the course of export business – High Court ABCAUS Case Law Citation: ABCAUS 2605 (2018) (11) HC Important Case Laws Cited/relied upon: Commissioner of Income Tax and Anr. vs. Tata Elxsi Ltd. : (2012) …
Period for discharge of functions by Adjudicating Authority and Appellate Tribunal under Benami Properties Act. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 1st November, 2018 S.O. 5608(E).—In exercise of powers conferred by section 71 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988) …
PMLA-Banks, financial institution to send client KYC records to Central Registry within 10 days. the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2018 Under sub rule (1A) of Rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, every reporting entity ( banking company, financial institution, intermediary or …
No concealment penalty can be levied for only change of head of income – ITAT deleted penalty for change head from capital gains to business income ABCAUS Case Law Citation: ABCAUS 2604 (2018) (11) ITAT Important Case Laws Cited/relied upon: M/s Crown Tradelink Pvt. Ltd. Vs. The ACIT …
No penalty u/s 271(1)(b) leviable in the case of change of counsel resulting in non compliance of notices- ITAT deleted penalty ABCAUS Case Law Citation: ABCAUS 2603 (2018) (11) ITAT The instant appeal was filed by the revenue against the order of the CIT(A) in confirming penalty imposed …
GST on MSME Sector – FAQ, Flyer and Booklet released by CBEC Introduction: What is MSME? In accordance with the provision of Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two classes: (1) Manufacturing Enterprises: The enterprises …
