Daily Archives: June 20, 2019

Income Tax Refund couldn’t be withheld due to error in Computer System : HC

By | June 20, 2019

HIGH COURT OF BOMBAY Vodafone Idea Ltd. v. Deputy Commissioner of Income-tax (TDS) AKIL KURESHI AND SARANG V. KOTWAL, JJ. WRIT PETITION NO. 1103 OF 2019 APRIL  30, 2019 Deepak Chopra and Atul K. Jasani, Adv. for the Petitioner. Sham Walve, Adv. for the Respondent. ORDER   1. Heard learned Counsel for the parties for final disposal of the Petition. Petitioner’s grievance is… Read More »

Manual checks before releasing IGST refunds : CBIC Clarification

By | June 20, 2019

Ministry of Finance      Introduction of manual checks in IGST refunds aimed at preventing unscrupulous exporters from defrauding the exchequer CBIC would assure all genuine exporters that they would continue to get their IGST refunds in a timely manner in a fully automated environment   Posted On: 20 JUN 2019 Some newspapers have today highlighted… Read More »

Assessment of Firms : CBDT New Circular No. 12/2019 for Assessing Officer

By | June 20, 2019

Assessment of Firms-Some of important issues to be kept under consideration by the Assessing Officers while framing assessment Circular No. 12/2019 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 19th of June, 2019 Subject: ‘Assessment of Firms’ some of the important issues to be kept… Read More »

Set-off of loss against income u/s 115BBE Allowed : CBDT Circular No. 11 /2019

By | June 20, 2019

Assessee is entitled to claim set-off of loss against income determined under section 115BBE of the Act till the assessment year 2016-17 Circular No. 11 /2019 Government of India  Ministry of Finance  Department of Revenue Central Board of Direct Taxes North-Block, New Delhi, dated the 19th of June, 2019 Subject: Clarification regarding non-allowability of set-off of losses… Read More »