Where revision application was filed by assessee, however, assessee had not been able to point out any error, which was apparent on the face of the order but the attempt appeared to be re-arguing the entire matter which is impermissible, accordingly, the review application was dismissed.
In the present case, we have noted that in case of Karta of HUF in his individual capacity under identical circumstances, application for condonation of delay based on identical grounds came to be accepted by the Revenue. In same set of facts and same situation, there cannot be a differential treatment. Merely because one application was decided by the Commissioner and another by the Chief Commissioner cannot be a point of distinction.
Often financial planners advise individuals to set apart atleast six months of their earnings as an emergency fund in order to meet unforeseen expenses such as sudden hospitalisation, loss of jobs, etc. Such a fund is generally maintained in cash at home or in a savings bank account, which earns an interest of around 3.5%.
SEBI vide Notification No. SEBI/LAD-NRO/GN/2018/10 dated May 9, 2018 Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018. The key amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as under: Regulation No. Changes / Amendment Remarks/Analysis 2(1)(zb) Insertion of following proviso in the definition of ‘related […]
If GST officer is allowed to challenge the accounting treatment it shall result in two different financial results under the GST Laws and under the Income Tax Laws. Same cannot be accepted as held in the case (supra).
Ministry of Corporate Affairs (MCA) vide its commencement notification dated May 07, 2018 has notified 27 Sections of the Companies (Amendment) Act, 2017. An attempt has been made in this article to provide an overview of the changes in the law.
On January 18, the GST Council had extended the concessional rate of 12 per cent GST for construction of houses under the Credit Linked Subsidy Scheme (CLSS) to promote affordable housing, which has been given infrastructure status in 2017-18 budget.
At the time of transition of GST from July we claimed less ITC in the GST Returns but now we came to know that we have to claim more ITC relating prior GST period , the time given by the govt for availing that benefit already over , is there any chance for adjusting that ITC, can govt may extend the period?
VO KHUD HEE TAI KARTAY HAI MANZIL AASMANO KI PARINDOH KO NAHI DI JATI TALIM UDANO KI RAKHTAY HAI JO HOSLA AASMA CHUNAY KI UNKO NAHI PARWA KABHI GIR JANAY KI What is Courage? To me courage is the ability to convert weakness into strength, obstacles into stepping stones and disasters into triumph. And if I have […]
