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.
No netting of profits and losses of the eligible units was to be done for the purpose of calculating the deduction under section 80-IC and each unit for the said purpose had to be treated separately.
Ceiling on number of Annual Secretarial Compliance Reports to be issued by PCS – (i) The ceiling on number of Annual Secretarial Compliance Reports to be issued by PCS is 5 (five) reports individually/ per partner in each financial year w.e.f. April 1, 2020 and an additional limit of 5 (five) Secretarial Compliance Reports individually/ per partner in case the Unit has been Peer Reviewed.
MCA notifies National Company Law Tribunal (Second Amendment) Rules, 2019 vide Notification dated 08th May, 2019 and inserts sub-rule (3) & (4) to rule 84 of National Company Law Tribunal Rules, 2016.
