Daily Archive: Tuesday, May 17, 2016

File Form GNL1 for alteration in MoA of Section 8 Companies. Since this power has been delegated to ROC, professionals/companies should not file form RD-1

Author: | Categories: Companies Act, ICAI No comments
File Form GNL1 for alteration in MoA of Section 8 Companies. Since this power has been delegated to ROC, professionals/companies should not file form RD-1 ICAI Announcement dated 17/05/2016 Regarding filing Form GNL-1 for change in Memorandum of Association by Section 8 Companies to ROC instead of filing form

 

Haj Mansarovar Pilgrimage Service Tax Exemption for period 01072012 to 19082014 which was not paid as per prevalent practices-CBEC Notification-25/2016

Author: | Categories: Service Tax No comments
Haj Mansarovar Pilgrimage Service Tax Exemption  CBEC vide Notification 17/2014 dated 20/08/2014 had inserted clause (zfa) in paragraph 2 of Notification 25/2012 making pilgrimage to Haj and Mansarovar exempt from service tax. However since the said exemption was effective from 20/08/2014, by the following notification Government has exempted such

 

Reopening us 147 148 invalid if assessee replied questionnaire raising specific queries during original assessment as it would amount to change of opinion

Author: | Categories: High Courts, Income Tax, Judgments No comments
Reopening us 147 148 invalid if assessee replied questionnaire raising specific queries during original assessment as it would amount to change of opinion-Delhi High Court. Case Law Details: WP(C) 2526/2015 Allied Strips Limited (Petitioner) vs. Assistant Commissioner of Income Tax  (Respondent) Date of Judgment: 12/05/2016 Coram: Justice Sanjeev Sachdeva

 

CBDT Instruction No 1-2015 held illegal and quashed by Delhi High Court. Refunds not to be denied to assessees for notices issued u/s 143(2) cases

Author: | Categories: High Courts, Income Tax, Judgments No comments
CBDT Instruction No 1-2015 held illegal and quashed by Delhi High Court It further directed that the said instruction shall not be relied upon to deny refunds to the Assessees in whose cases notices might have been issued under Section 143(2) of the Income Tax Act, 1961. Case Law Details: WP(C)

 

PE under Indo-US DTAA-Adobe India not PE of Adobe Systems USA as agent must have authority to conclude contracts on behalf of the enterprise

Author: | Categories: High Courts, Income Tax, Judgments No comments
PE under Indo-US DTAA-Adobe India not PE of Adobe Systems USA as agent must have authority to conclude contracts on behalf of the enterprise-Delhi High Court Case Details: WP(C) 2384, 2385, 2390 of 2013 Adobe Systems Incorporated  (Petitioner) vs. Assistant Director of Income Tax & Anr (Respondents) Date of Judgment:

 

British Virgin Island Panama Papers Investigation Guidelines and Procedure issued by Government-CBDT for making requests for information to BVI

Author: | Categories: Black Money No comments
British Virgin Island Panama Papers Investigation Guidelines and Procedure issued by Government-CBDT for  making requests for information to BVI F.No.500/12/2013-FT&TR-III Government of India Ministry of Finance Department of Revenue (Foreign Tax & Tax Research Division) ***** Dated: 12th May 2016 To, All Pr.CCsIT/DGsIT(Inv.) Madam/Sir, Subject: Exchange of Information requests