Notification No. 15/2019-Customs- Seeks to further amend notification No. 50/2017-customs dated 30th June 2017 to postpone the implementation of increased customs duty on specified imports originating in USA from 16th May, 2019 to 16th June, 2019. MINISTRY OF FINANCE (Department of Revenue) Notification No. 15/2019-Customs New Delhi, the 14th May, 2019 G.S.R. 361(E).—In exercise of […]
As it has been observed that applications could not be filed by the STEs till 30.4.2019 and since the STEs have requested to extend the time limit to submit the applications; the last date for filing applications for import of feed-grade Maize (corn) under the TRQ scheme at 15% Customs duty meant only for poultry firms on actual user basis, by the STEs is hereby extended till 31st May 2019.
Where individual share of consideration paid towards immovable property purchase by four persons including the assessee amounted to less than Rs. 50 lakhs, the assessee was not liable to deduct tax under section 194IA of Income Tax Act, 1961 even if value of the property purchased under single sale deed was exceeding Rs. 50 lakhs.
Date of transfer of property to compute the six-months period for the purpose of claiming deduction under section 54EC could not be taken from the date when the purchase agreement was registered because the transfer would complete after additional stamp duty to complete the process of registration was paid by assessee.
Office Order No. 111 of 2019The following officers are hereby ordered to hold the additional charge of the post(s), mentioned against their names, in addition to their substantive charge, with immediate effect and until further orders:
Office Order No. 110 of 2019 The following officers, who were promoted to the grade of Pr. Chief Commissioner of Income Tax, vide CBDT’s Office Orders No.49 of 2019 dated 09.03.2019 and No. 98 of 2019 dated 30.04.2019, are hereby posted, with immediate effect and until further orders, as under:
Notification No. 20/2019-Customs (N.T./CAA/DRI) Principal Director General, Revenue Intelligence, hereby appoints Principal Commissioner/ Commissioner of Customs (Nhava Sheva-II), Jawaharlal Nehru Custom House, Raigad to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on erstwhile Principal Commissioner/ Commissioner of Customs (Nhava Sheva-IV), Jawaharlal Nehru Custom House, Raigad in respect of noticees mentioned in column (2) of the said Table for the purpose of adjudication of show cause notices mentioned in column (3) of the said Table, namely:-
: Where there existed reasonable cause for the assessee in accepting the loans in cash and particularly as the loans were repaid by way of RTGS, i.e., via banking channels, penalty levied by AO under section 271D was deleted.
Shri Bansilal Bagri Vs DCIT (ITAT Chennai) This is the transaction arranged in such a way that the accommodation entries were made at several entities level and ultimately the money came back to the assessee. Herbicure Healthcare Bio-Herbal Research Foundation of Kolkata involved in the fraudulent and sham transactions, providing accommodation entries and claiming a […]
Since transaction between assessee and truck owners was a liability which assessee had to pay arising from trade transaction and same could not be added under section 68.
