Daily Archives: May 22, 2020

No Time limit for making 27C declaration u/s 206C(1A) : ITAT

By | May 22, 2020

IN THE ITAT JAIPUR BENCH ‘A’ Eid Mohammad Nizamuddin v. Income Tax-officer SANDEEP GOSAIN, JUDICIAL MEMBER AND VIKRAM SINGH YADAV, ACCOUNTANT MEMBER IT APPEAL NOS. 422 TO 424, 776 TO 778/JP/2018 [ASSESSMENT YEARS 2013-14 TO 2015-16] APRIL  15, 2020 Mahendra Gargieya, Adv. for the Appellant. K.C. Gupta for the Respondent. ORDER   Vikram Singh Yadav, Accountant Member – These are… Read More »

File appeal not writ petition against confiscation order of goods & conveyance : HC

By | May 22, 2020

HIGH COURT OF GUJARAT Shiv Agro v. State of Gujarat J.B. PARDIWALA AND ILESH J. VORA, JJ. R/SPECIAL CIVIL APPLICATION NOS. 7046 TO 7048 OF 2020 MAY  11, 2020 D.K. Puj for the Petitioner. Ms. Manisha Lavkumar Shah and Ms. Gupta for the Respondent. ORDER J.B. Pardiwala, J. – As the issues raised in all the captioned writ applications are the same, those… Read More »

Section 269SU shall not be applicable for B2B Transactions if 95% amount not received in cash: CBDT

By | May 22, 2020

The CBDT had notified ‘Debit card powered by RuPay’ and ‘UPI’ notified as prescribed mode of payments for the purpose of section 269SU. Considering the maximum payment limit prescribed under these modes, which are aren’t relevant for B2B businesses, the CBDT has clarified that Sec. 269SU shall not be applicable in case of person having… Read More »