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Designated Special Courts List us 435 Companies Act 2013 for trial of offences punishable with imprisonment of two years or more-MCA Notification

Designated Special Courts List us 435 Companies Act 2013 for trial of offences punishable with imprisonment of two years or more-MCA Notification  Government of India Ministry of Corporate Affairs Notification New Delhi, the 18th May, 2016 S.O………(E) In exercise of the powers conferred by sub-section (1) of section …

India-Slovenia DTAA Amendments. India-Slovenia Double Taxation Avoidance Convention amended to curb tax evasion and tax avoidance between two countries

India-Slovenia DTAA Amendments Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 19th May, 2016. Sub: India and Slovenia sign Protocol amending the India-Slovenia Double Taxation Avoidance Convention. India and Slovenia have signed a Protocol amending the existing Convention …

Excise on Jewellery-Trade Representatives Nominated to sub committee of the High Level Committee. Circular No. 1030/18/2016 dated 18-05-2016

Excise on Jewellery-Trade Representatives Nominated to sub committee of the High Level Committee.  Circular No. 1030/18/2016-CX F. No.35412512016-TRU Government of India Ministry of Finance Tax Research Unit *** New Delhi, the 18th May, 2016 To, Principal Chief Commissioners I Chief Commissioners of Central Excise (All); Principal Chief Commissioners …

Penalty 2711c Immunity Explanation5A for Belated Return u/s 139(4). Immunity available to assessee who has filed belated return of income u/s 139(4)-held by ITAT Ahmedabad.

Penalty 2711c Immunity Explanation5A for Belated Return u/s 139(4). Immunity available to assessee who has filed belated return of income u/s 139(4)-held by ITAT Ahmedabad. Case Law Details: IT(SS)A.No.24/RJT/2013 Hitesh Mulchand Doshi (Appellant) vs. ACIT (Respondent) Date of Order/Judgment: 16/05/2016 Important Judgments Cited: ITO Vs. Gope M. Rochlani, …

File Form GNL1 for alteration in MoA of Section 8 Companies. Since this power has been delegated to ROC, professionals/companies should not file form RD-1

File Form GNL1 for alteration in MoA of Section 8 Companies. Since this power has been delegated to ROC, professionals/companies should not file form RD-1 ICAI Announcement dated 17/05/2016 Regarding filing Form GNL-1 for change in Memorandum of Association by Section 8 Companies to ROC instead of filing …

Haj Mansarovar Pilgrimage Service Tax Exemption for period 01072012 to 19082014 which was not paid as per prevalent practices-CBEC Notification-25/2016

Haj Mansarovar Pilgrimage Service Tax Exemption  CBEC vide Notification 17/2014 dated 20/08/2014 had inserted clause (zfa) in paragraph 2 of Notification 25/2012 making pilgrimage to Haj and Mansarovar exempt from service tax. However since the said exemption was effective from 20/08/2014, by the following notification Government has exempted …

Reopening us 147 148 invalid if assessee replied questionnaire raising specific queries during original assessment as it would amount to change of opinion

Reopening us 147 148 invalid if assessee replied questionnaire raising specific queries during original assessment as it would amount to change of opinion-Delhi High Court. Case Law Details: WP(C) 2526/2015 Allied Strips Limited (Petitioner) vs. Assistant Commissioner of Income Tax  (Respondent) Date of Judgment: 12/05/2016 Coram: Justice Sanjeev …

CBDT Instruction No 1-2015 held illegal and quashed by Delhi High Court. Refunds not to be denied to assessees for notices issued u/s 143(2) cases

CBDT Instruction No 1-2015 held illegal and quashed by Delhi High Court It further directed that the said instruction shall not be relied upon to deny refunds to the Assessees in whose cases notices might have been issued under Section 143(2) of the Income Tax Act, 1961. Case Law Details: …

PE under Indo-US DTAA-Adobe India not PE of Adobe Systems USA as agent must have authority to conclude contracts on behalf of the enterprise

PE under Indo-US DTAA-Adobe India not PE of Adobe Systems USA as agent must have authority to conclude contracts on behalf of the enterprise-Delhi High Court Case Details: WP(C) 2384, 2385, 2390 of 2013 Adobe Systems Incorporated  (Petitioner) vs. Assistant Director of Income Tax & Anr (Respondents) Date of …