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Reassessment proceedings cannot be resorted to only to examine the facts of a case, no matter how desirable that be unless there is a reason to believe, rather than suspect, that an income has escaped assessment. Case Details: Income Tax Appellate Tribunal, New Delhi ITA No.3052/Del./2013 (AY:2004-05) M/s. Excellent …
Government clarifies to the Jewellery Industry about the issues relating to imposition of Excise Duty on articles of Jewellery with simplified procedures. Ministry of Finance Press Release dated 18/03/2016 In the General Budget for 2016-17, a nominal excise duty of 1% and 12.5% has been imposed on articles …
Senior Citizens Welfare Fund Rules 2016. Unclaimed amounts to transferred be used for promoting welfare of Senior /older citizens Senior Citizens Welfare Fund Rules 2016 Government of India Ministry of Finance Department of Economic Affairs New Delhi, the 18th March,2016 NOTIFICATION G.S.R (E) In exercise of the powers …
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES Notification No. 18/2016 New Delhi, the 17th March, 2016 S.O. 1146 (E).- In exercise of the powers conferred by section 2, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the …
Real Estate (Regulation and Development) Act, 2016-Role of Chartered Accountants Real Estate (Regulation and Development) Act, 2016 has been passed by the Lok Sabha on 15/03/2018. The Bill seeks to streamline and regulate the real estate project working by incorporating various measures to safeguard general public by prescribing …
Revenue Audit Objections-Remedial Action and Appeal Circular No. 8/2016 F.No.246/95/2013-A&PAC-IGovernment of IndiaMinistry of Finance Department of RevenueCentral Board of Direct Taxes****** New Delhi, 11th March, 2016 Subject:- Modification of Instruction 9/2006 – reg. Instruction 9 of 2006 lays down the guidelines and procedure for attending to Revenue Audit …
Sub: Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 (IFSC Guidelines) – Inclusion of Commodity Derivatives Securities & Exchange Board of India (SEBI) CIRCULAR CIR/MRD/DSA/41/2016 …
Itemized sale of the plant and machinery of chemical unit vide agreement was not the sale of the unit as a going concern and hence, the sale cannot be treated as slump sale u/s 2(42C) INCOME TAX APPELLATE TRIBUNAL “C” BENCH: KOLKATA I.T.A No.330/Kol/2013 Assessment Year: 2009-10 Hindustan Engineering & …
Key Highlights of the The Companies (Amendment) Bill, 2016 The Finance Minister, Mr. Arun Jaitley on Wednesday, 16/03/2016 proposed fresh amendments to the Companies Act, 2013. Key Highlights of the The Companies (Amendment) Bill, 2016 are as under: Notes on Clauses Clause 1 of the Bill provides for …
New Aadhaar Bill 2016 passed. If Aadhaar really compulsory for subsidy benefit schemes ? THE AADHAAR (TARGETED DELIVERY OF FINANCIAL AND OTHER SUBSIDIES, BENEFITS AND SERVICES) BILL, 2016 A lot of controversy has already been generated with respect to the utility or compulsion for having AADHAR Card. Not …
