"14 February 2019" Archive - Page 3

Standing order of Hyderabad Commissionerate – GST interest rate Debatable

Standing order No.01 dt 04.02.2019 of Hyderabad Commissionerate – GST interest rate Debatable While the Government is taking series of efforts in the recent past to unlock the clutches gone into GST implementation, many eye brows are raised while reading the subject order. Principal Commissioner , Hyderabad vide C.No: IV/16/32/2019 – ...

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Properly defend Quality Assessment orders before CIT(A): CBDT to AOs

F.No.279/Misc/M-124/2018-ITJ 14/02/2019

CBDT has issued a directive in which it has stated that With respect to such quality assessment orders, the Pr.CIT shall ensure that they are properly marked as Quality orders and are duly represented before the CIT(A) by the Department....

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241 IRS Officers Appointed Joint Commissioners of Income-tax

Office Order No. 27 of 2019 14/02/2019

CBDT has vide Office Order Nos. 26  of 2019 and 27 of 2019, dated 14th February 2019 extended the ad-hoc appointment of 241 IRS officers to the grade of Joint Commissioner of Income-tax No.A-32012/3/2017-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi. New Delhi, ...

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Declaration (Form INC-20A) Before Commencement of Business

 AN OVERVIEW ON COMPANIES (AMENDMENT) ORDINANCE, 2018 Provision of declaration for commencement of business re-introduced. Name of company can be removed if not complied with. In many routine matters, ‘fine’ or ‘imprisonment’ converted into ‘Penalty’, which can be imposed directly by RD or ROC after issuing SCN. Removal of na...

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Order passed by Tribunal beyond prescribed period not sustainable

Kaushik N. Tanna Vs ACIT (ITAT Mumbai)

Tribunal had passed order u/s 254 (1) beyond one day beyond 90 days prescribed under the Rule 34(5)(c) from the date of conclusions of its hearing and the delay had resulted in prejudice to assessee hence, the order being not sustainable and restored for fresh consideration....

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Addition for bogus share capital introduced as accommodation entries justified

PCIT Vs NDR Promoters Pvt. Ltd (Delhi High Court)

Addition made by AO was justified with regard to introduction of bogus share capital in the form of accommodation entries as the transactions done were clearly sham with excellent paper work to camouflage their bogus nature....

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