Month: January 2017

SC to decide ITAT jurisdiction to examine validity of search and demand satisfaction note, other evidences on the basis of which search conducted

ITAT jurisdiction to examine validity of search SC to decide ITAT jurisdiction to examine validity of search and demand satisfaction note, other evidences on the basis of which search was conducted. In an ongoing litigation in I.A. 2/2016 in Civil Appeal No(s).2734/2013 filed by the Revenue, the latest …

SEBI Guidance Note on Board Evaluation under Companies Act 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations 2015

SEBI Guidance Note on Board Evaluation under Companies Act 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations 2015  Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD/CIR/P/2017/004 January 5, 2017 To All listed entities Sir / Madam, Sub: Guidance Note on Board Evaluation 1. The Companies Act, 2013 …

Payments to HUF held deemed dividend u/s 2(22)(e) despite the HUF itself was not the registered shareholder of the company-Supreme Court

Payments to HUF held deemed dividend u/s 2(22)(e) because the prescribed conditions were fulfilled notwithstanding the fact that the HUF itself was not the registered shareholder of the company-Supreme Court ABCAUS Case Law Citation: ABCAUS 1095 (2017) (01) SC Assessment Year : 2006-07 Important Case Laws Cited: Binal Sevantilal …

Custom Single Window SWIFT extension to Exports. Online-release from Partner Government Agencies from 05/1/2017 as pilot in selected cities

Custom Single Window SWIFT extension to Exports. Online-release from Partner Government Agencies from 05/1/2017 onward as pilot in selected cities   Circular No. 1/2017-Customs F.No.450/101/2016-Cus-IV Government of India Ministry  of Finance Department of Revenue (Central Board of Excise and Customs) ****** Room 227B, North Block New Delhi, dated …

Foreign citizens can exchange old notes till 31-01-2017. RBI relaxes the SBNs exchange facility to foreign citizens (i.e. foreign passport holders)

Foreign citizens can exchange old notes till 31-01-2017. RBI relaxes the SBNs exchange facility to foreign citizens (i.e. foreign passport holders) Reserve Bank of India RBI/2016-17/208 A.P. (DIR Series) Circular No. 24 January 03, 2017 To All Authorised Persons Madam / Sir, Exchange facility to foreign citizens Attention …