MoF designates ‘Special Court’ for trial of offences punishable under Money Laundering Act, 2002

The Ministry of Finance (MoF) has specified special court under the Prevention of Money-Laundering Act, 2002. The area for trial of offence punishable under section of the Act are Lucknow,…

Continue ReadingMoF designates ‘Special Court’ for trial of offences punishable under Money Laundering Act, 2002

AO couldn’t reject books of account merely on the grounds of decline in gross profit over past year: ITAT

INCOME TAX : Where assessee-trader explained substantial fall in GP rate due to fall in price of cardamom by almost half rate at end of year as compared to beginning…

Continue ReadingAO couldn’t reject books of account merely on the grounds of decline in gross profit over past year: ITAT

CBIC requested trade amp; industry bodies to provide data for determination of RoDTEP rates for SEZ/EOUs/ AA, etc.

The Export Promotion Councils/ Commodity Boards/ Trade and Industry Associations/Chambers of Commerce are requested by CBIC to provide data w.r.t. inputs used in the respective export products for determination of…

Continue ReadingCBIC requested trade amp; industry bodies to provide data for determination of RoDTEP rates for SEZ/EOUs/ AA, etc.

Penalty for Booking/Sale of units under Real Estate Regulation Development Act, 2016 in Gujarat

Regulation of Real Estate Sector is governed by Real Estate Regulation and Development Act, 2016 and Relevant Rules.Regulation of Real Estate Sector is governed by Real Estate Regulation and Development…

Continue ReadingPenalty for Booking/Sale of units under Real Estate Regulation Development Act, 2016 in Gujarat

CBIC requested trade amp; industry bodies to provide data for determination of RoDTEP rates

The Export Promotion Councils/ Commodity Boards/ Trade and Industry Associations/Chambers of Commerce are requested by CBIC to provide data w.r.t. inputs used in the respective export products for determination of…

Continue ReadingCBIC requested trade amp; industry bodies to provide data for determination of RoDTEP rates

Not providing personal hearing in faceless assessment is a violation of principle of natural justice: Delhi: HC

INCOME TAX : Section 144B(7) provides for an opportunity of personal hearing, if requested by assesseeINCOME TAX : Section 144B(7) provides for an opportunity of personal hearing, if requested by…

Continue ReadingNot providing personal hearing in faceless assessment is a violation of principle of natural justice: Delhi: HC

AO couldn’t reject books of account merely on the grounds of decline in gross profit over the years: ITAT

INCOME TAX : Where assessee-trader explained substantial fall in GP rate due to fall in price of cardamom by almost half rate at end of year as compared to beginning…

Continue ReadingAO couldn’t reject books of account merely on the grounds of decline in gross profit over the years: ITAT