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In a recent judgment, ITAT Delhi has interpreted the objective and scope of invoking revisionary powers of Commissioner of Income Tax (CIT) under section 263 of the Income Tax Act, 1961 as under: The provisions of section 263 cannot be invoked to correct each and every type of …
Delhi High Court in a recently delivered judgment has observed that that all does not appear to be well with the admission process of the National Law University, Delhi in admission to Ph.D. programme. The Court had issued a direction to the University to rectify/reconsider the admission criteria …
Following the garment workers violent protest in Bengaluru, Union Labour Minister Bandaru Dattatreya , at a press conference held yesterday, informed media about the Government decision of postponing the new rules of provident fund withdrawal till 31/07/2016 The EPFO and Ministry communications in this regard are as under: EMPLOYEES’ PROVIDENT FUND ORGANISATION …
Ministry of Culture Press Release dated 19/04/2016 Clarification on Kohinoor Diamond Government Reiterates its Resolve to Make all Possible Efforts to Bring Back Kohinoor Diamond in an Amicable Manner The Government of India wishes to put on record that certain news items appearing in the press regarding the …
ITAT Mumbai, in a recent case has stated that demolition/destruction of house not necessarily results in transfer u/s 2(47) by extinguishment of rights in a capital assets for capital gain purpose. Case Law Details: I.T.A. No. 6169/Mum/2013 Assessment Year : 2007-08 Dilip Manhar Parekh vs. Dy. Commissioner of …
PUNJAB NATIONAL BANK invites applications for empanelment of Forensic Auditors for the period 2016-2017. Criteria of qualifications, experience, scope of work, application forms, undertakings, addresses of the Zonal Offices etc. are enclosed. Please note that applications and copies of the qualification, experience, undertakings etc. be submitted to nearest …
GOVERNMENT OF INDIA Ministry of Commerce & Industries Office of the Controller General Patents, Designs and Trademarks Boudhik Sampada Bhawan, S. M. Road, Antop Hill, Mumbai 400037 CG/Public Notice-/2016-17/ …
SEBI-Consultation Paper on Distribution of Cash Benefits through Depositories For investments in various securities, investors receive cash benefits such as dividend, interest and redemption payments. At present, cash benefits are distributed directly by issuer companies to the investors mostly through their Registrar and Transfer Agents (RTAs). Though this …
Foreign Tax Credit (FTC) draft rules for granting relief or deduction of Income-tax under section 90 90A 91 of the Income-tax Act F.No. 142/24/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) New Delhi, dated 18th April, 2016 Sub: Draft …
In a recent judgment, ITAT Mumbai has held that where the assessee pays secondment charges for the employees, for all practical purposes, the assessee is the employer and the charges paid can not be said fees for technical/professional services for disallowance u/s 40(a)(ia) Case Law Details: ITA No. 1945/Mum/2013 Assessment Year: 2009-10 Deputy …
