Monday, September 2, 2019

HC directs assessee to adopt appeal remedy as AO passed assessment order during pendency of writ petition

INCOME TAX : Where Assessing Officer carried out a search against a person other than assessee and thereafter issued on assessee a notice under section 153C and assessee filed writ petition challenging impugned notice and further Assessing Officer during pendency of writ petition passed assessment orders on assessee, assessee was advised to adopt appeal remedy against orders of assessment

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Advance deposited by assessee with excise authorities amounted to payment of duty as per sec. 43B

INCOME TAX: Advance deposit of central excise duty constitutes actual payment of duty within meaning of section 43B entitled to benefit of deduction

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Record 49 Lakh Income Tax Returns Filed on Last Day

Record 49 Lakh Income Tax Returns Filed on Last Day

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‘Faceless’ Tax Assessment Pilot Likely From Oct 8

‘Faceless’ Tax Assessment Pilot Likely From Oct 8

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Execution of contract work obtained from Indian Railway couldn't be treated as charitable in nature

INCOME TAX: Execution of a contract by assessee as awarded by Indian Railways for purpose of cleaning train coaches and railway stations is a purely commercial and business activity and not a charitable activity

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Tribunal wasn't required to examine merit of scheme at stage of calling meeting of creditors for consideration: NCLAT

COMPANY LAW : At stage of calling of meeting of creditors/members for consideration of scheme of compromise or arrangement, Tribunal is not required to examine merits of scheme qua proposed compromise/arrangement, and any such indulgence on part of Tribunal would fall foul of provision engrafted in section 230(1)

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Sunday, September 1, 2019

Notification No. 59/2019/F. No. 370142/13/2019-TPL / GSR 614(E)

Publish Date : Friday, August 30, 2019


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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...