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Archive: 10 April 2019

Posts in 10 April 2019

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6447 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Legitimate action against corruption is not vendetta: Arun Jaitley

April 10, 2019 474 Views 0 comment Print

It has become a routine practice to call any action against corruption as political vendetta. Claim of vendetta has never been a legitimate defence in corruption. Those who commit such large acts of corruption have to be judged on the merits of the action itself.

MCA Restricting Manufacturing Businesses to form an LLP: ICSI

April 10, 2019 22272 Views 0 comment Print

It has been noticed that in recent times the manufacturing businesses are being restricted from incorporating as LLP on the ground that manufacturing activities does not fall under the definition of `Business’ as per the Limited Liability Partnership Act, 2008.Similarly the conversion of private and unlisted companies into LLP has been restricted now on the same grounds.

FORM 22A (ACTIVE) – Practical Difficulties in Filing

April 10, 2019 24480 Views 1 comment Print

Ministry had addressed the stakeholders regarding introduction of the initiative to Tag Identities and Verify Active Companies through the Companies (Incorporation) Amendment Rules, 2019 in e-Form ACTIVE (Active Company Tagging Identities and Verification) on or before 25.04.2019.

Due date for monthly GSTR-7 of March 2019 extended to 12.04.2019

April 10, 2019 4482 Views 0 comment Print

Time period for filing GSTR-7 (TDS Deductor) for the month of March 2019 extended- CBIC extend the due date for furnishing FORM GSTR-7 for the month of March, 2019 from 10.04.2019 to 12.04.2019 vide Notification No. 18/2019 – Central Tax dated- 10th April, 2019.GSTR 7 is to be filed by a registered person required to […]

CBIC extends due date for Monthly GSTR 1 of March 2019 to 13.04.2019

April 10, 2019 36930 Views 0 comment Print

Time period for filing GSTR-1 for the month of March 2019 extended– CBIC extends the due date for furnishing FORM GSTR-1 for taxpayers having aggregate turnover more than Rs. 1.5 crores for the month of March, 2019 from 11.04.2019 to 13.04.2019 vide Notification No. 17/2019 – Central Tax dated- 10th April, 2019. Government of India […]

HC imposes cost of Rs. 1 Lakh on petitioner for suppressing fact of filing same writ earlier before another bench

April 10, 2019 1548 Views 0 comment Print

Cost imposed of 1 lakh by Delhi High Court on Petitioner for suppressing the fact of filing the same writ earlier before another bench of Delhi HC and withdrawing the same as that Bench seemed unfavorable

Addition cannot be made by merely relying on 26AS

April 10, 2019 5544 Views 0 comment Print

Mercury Car Rentals Pvt. Ltd. Vs DCIT (ITAT Kolkata) During the course of assessment proceeding, the AO observed that assessee failed to reconcile interest income to the extent of Rs.67,939/- with its books of accounts and therefore added back the said amount as undisclosed interest income of the appellant as shown in the Form 26AS. […]

EC slams CBDT for ‘Insolent’ Counter Advisory over I-T Raids

April 10, 2019 3249 Views 0 comment Print

The Election Commission of India expresses its deep sense of anguish about the casual and trivial manner in which the advisory to be absolutely neutral, impartial and non, discriminatory has been responded to by Department of Revenue, Ministry of Finance vide letter F. No. A.50050/15/2019-Ad. I dated 08.04.19.

Amendment to partnership deed not registered with Registrar are not legally enforceable

April 10, 2019 16236 Views 0 comment Print

 There was no merit in the argument that while a partnership deed is to be registered, amendment thereto is not.  Amended salary clause being neither stamped nor registered, it was not admissible in evidence in a court of law, i.e., as a legally enforceable contract. Therefore, AO could not be faulted with for not giving cognizance to such a document and disallowance of remuneration paid to partner as made by AO was justified.

Employees Benefits provisions allowable in book profit computation

April 10, 2019 2787 Views 0 comment Print

Mercury Car Rentals Pvt. Ltd. Vs DCIT (ITAT Kolkata) It is noted that the provisions in respect of gratuity, leave encashment, ex-gratia & bonus were created on actuarial basis and had been estimated with reasonable certainty. Accordingly such provisions cannot be said to be provisions of unascertained liabilities so to add it back under clause […]

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