Daily Archive: Thursday, March 17, 2016

Revenue Audit Objections-Remedial Action and Appeal -CBDT Circular

Author: | Categories: Income Tax No comments
Revenue Audit Objections-Remedial Action and Appeal Circular No.  8/2016 F.No.246/95/2013-A&PAC-I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New Delhi, 11th March, 2016 Subject:- Modification of Instruction 9/2006 – reg. Instruction 9 of 2006 lays down the guidelines and procedure for attending


Commodity Derivatives eligible as securities for trading -SEBI Circular

Author: | Categories: SEBI No comments
Sub: Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 (IFSC Guidelines) – Inclusion of Commodity Derivatives Securities & Exchange Board of India (SEBI) CIRCULAR CIR/MRD/DSA/41/2016                                        


Itemized sale of plant and machinery of a unit was not sale as a going concern unit, hence, sale was not slump sale u/s 2(42C)

Author: | Categories: Income Tax, ITAT, Judgments No comments
Itemized sale of the plant and machinery of chemical unit vide agreement was not the sale of the unit as a going concern and hence, the sale cannot be treated as slump sale u/s 2(42C) INCOME TAX APPELLATE TRIBUNAL “C” BENCH: KOLKATA I.T.A No.330/Kol/2013 Assessment Year: 2009-10 Hindustan Engineering & Industries


The Companies (Amendment) Bill, 2016. Key Highlights of the Bill as introduced in Lok Sabha on 16/03/2016

Author: | Categories: Companies Act No comments
The Companies (Amendment) Bill, 2016 The Finance Minister, Mr. Arun Jaitley on Wednesday, 16/03/2016 proposed fresh amendments to the Companies Act, 2013. Key Highlights of the Bill are as under: Notes on Clauses Clause 1 of the Bill provides for the short title and commencement. It also seeks to