Daily Archive: Monday, August 21, 2017

Misuse of bulk SMS in Securities Market sent to investors inducing to purchase stocks of certain companies

Author: | Categories: SEBI No comments
Misuse of bulk SMS in Securities Market sent to investors and general public inducing them to invest in or purchase the stocks of certain listed companies Aug 18, 2017                                        

 

Revision u/s 263 Limitation where assessment completed u/s 143(1) was reopened u/s 147

Author: | Categories: Income Tax, ITAT, Judgments No comments
Revision u/s 263 Limitation where assessment completed u/s 143(1) was reopened u/s 147. Jurisdiction u/s 263 could not be exercised after two years on issues which were not subject matter of consideration while passing the order of reassessment u/s 143(3) / 147 – ITAT   ABCAUS Case Law Citation:

 

Amendment to MAT Audit Report Form No 29B to reflect Ind AS related adjustments

Author: | Categories: Income Tax No comments
Amendment to MAT Audit Report Form No 29B for Ind AS related adjustments  where financial statements of company are drawn up as per Ind-As MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF DIRECT TAXES] Notification No. 80/2017 New Delhi, the 18th August, 2017 INCOME-TAX G.S.R. 1028(E).—In exercise of

 

GST FAQ on Government Services under Sectoral Series

Author: | Categories: GST No comments
GST FAQ on Government Services under Sectoral Series. CBEC has issued 31 Questions and Answers on GST related queries on Government Services liable to GST GST FAQ on Government Services under Sectoral Series Question 1: Are all services provided by the Government or local authority exempted from payment of

 

Exemption u/s 54B-Use of land for agricultural purposes for full two years not necessary.

Author: | Categories: Income Tax, ITAT, Judgments No comments
Exemption u/s 54B-Use of land for agricultural purposes for full two years not necessary. Even if only Kharif crop was cultivated between two years, condition of Section 54B complied with – ITAT ABCAUS Case Law Citation: ABCAUS 2036 (2017) (08) ITAT Assessment Year :  2012-13 Important Case Laws Cited/relied