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Monday, March 16, 2020

[ACCA_Profs] Imp Directive Of ITAT President Reg Functioning Of Benches And Grant Of Adjournments (All India Level)

 

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Dear Subscriber,

The following important updates are available at itatonline.org:

Corona Virus Disruption: Imp All-India Directive Of The ITAT President Reg Functioning Of Benches, Conduct Of Hearings & Grant Of Adjournments

The Hon'ble President of the ITAT has issued an Office Order dated 16th March 2020 in which important directions have been issued, at all India level, with regard to the functioning of the Benches and the grant of adjournments in the wake of spread of Novel Coronavirus (COVID-19)

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Editor,

 

itatonline.org

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Latest:

Neha Chowdhary vs. ITO (ITAT Kolkata)

S. 10(38) Bogus capital gains from penny stocks: As the detailed explanation of the assessee does not sufficiently discharge the onus on proving the source of impugned deposits, the impugned addition should be restricted to 30% only with a rider that same shall not be treated as a precedent in any other assessment year

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