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Scope of word site as per Central Excise Notification No.12/2012 particularly for projects as road construction, laying pipelines/railway tracks etc

Circular  No.1036/24/2016-CX F. No. 68/1/2016- CX.II Government of India Ministry of Finance Department  of Revenue Central Baord of Excise and Custom New Delhi, dated the 6th July, 2016 To, Principal Chief Commissioner of Central Excise/ Service Tax (All), Chief Commissioners of Central Excise/ Service Tax (All), Principal Commissioner …

MCA 21 Fee Refund Application e-Form Download

MCA 21 Fee Refund Application e-Form After FAQ on Fee Refund, The MCA has also released e-form for claiming refund of wrongly paid ROC Fee. Purpose of the eForm The user is required to make various payments to avail MCA21 services. A number of instances have been observed where the …

Club Membership allowed partly as business expenses. Contacts developed through clubs also brings new clients and professional opportunity – ITAT

Club Membership allowed partly as business expenses Contacts developed through clubs also brings new clients and professional opportunity. 1/3rd of club membership fee paid allowed as attributable to professional activities by ITAT ABCAUS Case Law: 965 2016 (06) ITAT Assessment Year: 2010-11 Date/Month of Judgment/Order: June, 2016 Brief …

Recovery of confirmed demands of excise during pendency of stay application. Important changes due to judgments. CBEC Circular 1035/23/2016-CX

Circular No.  1035/23/2016-CX F. No. 208/36/2012-CX.6 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, dated the 4th Jul y, 20 16 To. The Principal Chief Commissioners! Chief Commissioners of Central Excise (All) The Principal Chief Commissioners/ Chief Commissioners  of …

Penalty u/s 271(1)(b) deleted for non compliance due to non-availability of accounting staff in September month for finalization of accounts

Penalty 2711b-Non compliance due to September Finalisation September being the month for finalization of accounts, the assessee’s explanation that there was nonavailability of accounting staff, cannot be doubted. Penalty u/s 271(1)(b) for non compliance of notices 143(2), 142(1) deleted by ITAT ABCAUS Case Law Citation: 964 2016 (06) ITAT …

SEBI – FAQ on Foreign Portfolio Investors

SEBI – FAQ on Foreign Portfolio Investors – 164 Question and answers  SEBI has issued a FAQ consisting of 164 questions and answers on Foreign Portfolio Investors to guide market participants on SEBI (Foreign Portfolio Investors) Regulations, 2014 The FAQ has been grouped into following headings: I. Transition from …

MCA-21 ROC Fee Refund Procedure FAQ

MCA-21 ROC Fee Refund Procedure FAQ 1. What is Refund Process The user is required to make various payments to avail MCA21 services. A number of instances have been observed where the users make multiple payments or incorrect payment or excess payment while using these services. In order …

No Additions solely on AIR information basis when the assessee denied reported transactions as the onus /burden shifted upon the AO – ITAT

Addition cannot be made solely on the basis of AIR information especially when the assessee denies the reported transactions and the onus/burden shifted upon the AO to rebut the accounts/contentions of the assessee – ITAT ABCAUS Case Law Citation: 963 2016 (06) ITAT Assessment Year: 2010-11 Date/Month of Judgment/Order: …