Circular no.121/2019-GST – Clarification related to supply of grant of alcoholic liquor license
The CBIC has released the clarification in which the issue of GST related to supply of grant of alcoholic liquor
GST
Company Law
PAS-3 revised version will be available from 31stJanuary 2019 for filing purposes – MCA
PAS-3 revised version will be available from 31stJanuary 2019 for filing purposes
Income Tax
The Reopening of assessment is an entirely independent and vastly different jurisdiction and cannot be confused with the revisional powers of the higher authority – Bombay High Court
The Bombay High Court in its recent judgement in the case of Saurabh Suryakant Mehta WRIT PETITION NO.3495 OF 2018 stated
Recent Case Laws
That the return of notices issued under Section 133(6) unserved by the postal authorities is not sufficient to reach to the conclusion that sales to those parties are not genuine where the assesse has provided all the documentary evidence to prove genuineness of the sales. Further, disallowance on the ground of non-genuine sales cannot be a basis for addition u/s 68 of the Income Tax Act, 1961 – ITAT Delhi
To Download, M/s Singhal Exim Pvt.Ltd., Vs. Income Tax Officer, ITA No.6520/Del/2018
