Daily Archive: Thursday, July 27, 2017

Reopening reasons must explain what material was not disclosed which the assessee ought to have disclosed.

Author: | Categories: High Courts, Income Tax, Judgments No comments
Reopening reasons must explain what material was not disclosed which the assessee ought to have disclosed. Explanation-1 of section 147 do not relieves AO of burden of demonstrating the assessee’s failure. Delhi High Court explains the jurisdictional requirement of reopening of income tax cases u/s 14/148 post amendment ABCAUS

 

Minimum rest period of SCA in private/foreign Bank made 6 years

Author: | Categories: RBI No comments
Minimum rest period of SCA in private-foreign bank made 6 years. An audit firm will not be eligible for appointment for 6 years after completion of its term Reserve Bank of India Appointment of Statutory Central Auditors (SCAs) – modification of rest period RBI/2017-18/29 DBS.ARS.BC.04/08.91.001/2017-18 July 27, 2017 The

 

GST e-way bill system postponed to 16/08/2017 in Uttar Pradesh

Author: | Categories: GST No comments
GST e-way bill system postponed to 16/08/2017 in Uttar Praesh. in view of the demand of trade organisations, transport associations and fabrics, textiles dealers GST e-way bill system postponed in UP Earlier, Commissioner Commercial Tax Uttar Pradesh has formulated process for form downloading and madated use of e-way bill

 

ROC Shillong show cause notice to 37 LLP for striking off names

Author: | Categories: Companies Act, MCA No comments
ROC Shillong show cause notice to 37 LLP for striking off name for not filing any financial statements for the last two preceding financial years. PUBLIC NOTICE (Pursuant to Rule 37(2) ofLLP Rules, 2009) GOVERNMENT  OF INDIA MINISTRY OF CORPORATE AFFAIRS Office of the Registrar of Companies Morello Building,

 

Data of cash deposits in bank etc by Government servant to be shared with Vigilance

Author: | Categories: Income Tax No comments
Data of cash deposits in bank etc by Government servant to be shared with Vigilance. ITD asked to send the data to DGIT (Vigilance)  GOVERNMENT OF INDIA Ministry of Finance/Department of Revenue Central Board of Direct Taxes North Block, New Delhi-110001 Tele: 011-23093356 ,Fax :011-23092071 NISHI SINGH, IRS Member,

 

Conditions for rates and caps of drawback applicable to export under Excise Duties and Service Tax Drawback Rules

Author: | Categories: Finance Ministry No comments
Conditions for rates and caps of drawback applicable to export of a commodity or product under Customs Central Excise Duties and Service Tax Drawback Rules MINISTRY OF FINANCE (Department of Revenue) Notification No. 73/2017-Customs (N.T.)  New Delhi, the 26th July, 2017  G.S.R. 954(E).—In exercise of the powers conferred by

 

Income Tax Department to install CCTV cameras in office premises

Author: | Categories: Income Tax No comments
Income Tax Department to install CCTV cameras to improve the safety and security of officers/officials and office premises DIRECTORATE GENERAL OF INCOME TAX (VIGILANCE) First Floor, Dyal Singh Public Library Building , 1, Deen Dayal Upadhyay Marg, New Delhi – 110 002 F.No. DGIT (Vig)/HQ/DOR/2016-17 (pt)/2465