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Only earnest money can be forfeited not the advance given especially when no loss is suffered – High Court

Author: | Categories: Companies Act, High Courts, Judgments No comments
Only earnest money can be forfeited not the advance given especially when no loss is suffered on account of non transaction or non performance. Showing an amount in the balance sheets amounts to admission-Delhi High Court   ABCAUS Case Law Citation: ABCAUS 2084 (2017) (09) HC Important Case Laws Cited/relied

 

GST Reverse Charge on all legal services by advocates including senior advocate or firm of advocates-Corrigendum

Author: | Categories: GST No comments
GST Reverse Charge on all legal services by advocates including senior advocate or firm of advocates-Corrigendum  MINISTRY OF FINANCE (Department of Revenue) CORRIGENDUM New Delhi, the 25th September, 2017 G.S.R. 1199(E).—In the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 13/2017-Central Tax

 

Income Tax allows skip option to update e-filing profile at login. Profile Updation is mandatory under New Registration process

Author: | Categories: Income Tax 1 Comment
New Registration process for income tax e-Filing website users profile updation, Skip option at login now provided Now, Income Tax allows Skip Option to update e-filing profile at login  Updatation and Activation of Profile at Income Tax e-filing website Income Tax Department has started a new Registration process for

 

Proceeding u/s 7A of EPF Act are deemed judicial proceeding -Supreme Court

Author: | Categories: EPFO, Judgments, Supreme Court No comments
Proceeding u/s 7A of the Employees Provident Funds and Miscellaneous Provisions Act, 1952 are deemed judicial proceeding within the meaning of Sections 193 and 228 IPC -Supreme Court   ABCAUS Case Law Citation: ABCAUS 2083 (2017) (09) SC The Substantial Question of Law framed/urged for determination: Whether complaint under

 

Uploading clients data to stock exchanges by stock brokers – SEBI relaxes norms

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Uploading clients data to stock exchanges by stock brokers-SEBI relaxes norms of Monitoring of Clients Funds and security balance lying with Stock Broker   CIRCULAR   CIR/HO/MIRSD/MIRSD2/CIR/PB/2017/107 September 25, 2017   To, The Managing Directors of all Recognized Stock Exchanges   Dear Sir/Madam, Sub: Clarification to Enhanced Supervision Circular

 

Restrictions on banks holding and investment. Amendments to RBI Master Direction

Author: | Categories: RBI No comments
Restrictions on banks holding and investment. Amendments to RBI Master Direction Reserve Bank of India Amendments to Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016 RBI/2017-18/66 DBR.No.FSD.BC.89/24.01.040/2017-18 September 25, 2017 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Amendments to Master Direction- Reserve

 

Additions u/s 68 and 69 for transfer entries in capital account can not be sustained – ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Additions u/s 68 and 69 for transfer entries in capital account on account of rectification can not be sustained treating it alleged unexplained credit and unexplained investments – ITAT   ABCAUS Case Law Citation: ABCAUS 2082 (2017) (09) ITAT The Challenge/Grievance: The present appeal was been filed by the