In its latest judgment , Delhi High Court has held that deduction under Section 80-O of the Income tax Act, 1961 computed applying average profit margin for domestic income and not considering fixed costs was a distorted apportionment of net profit. Case Law Details: ITA 264/2002 ITA 415/2004 M/s Continental Carriers …… …
In a recent judgment CLB Kolkata bench has held that it shall be deemed that soon after the director communication to the company regarding his resignation , the said person shall cease to be a director of the company. Case Law Details: CP No. 186/2014 Petition under section 614 of …
From 1st January, 2017 panic or emergency button and from 01/01/2018 GPS in new mobile/cell phone made compulsory. Panic button in new mobile handset Ministry of Communications and Information Technology has issued a notification whereby with effect from 1st January, 2017 a panic or emergency button in new …
Securities and Exchange Board of India CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2016/49 April 25, 2016 To, The Managing Directors / Chief Executive Officers of All Commodity Derivatives Exchanges and their members Dear Sir / Madam, Sub: Disclosure of Proprietary Trading by Commodity Derivatives Broker to Client and “Pro – account” Trading terminal …
CBEC takes Litigation Management and Dispute Resolution measures; Field formations file applications for withdrawal in 980 and 2174 cases in High Courts and CESTAT respectively as per the new threshold monetary limits prescribed; Out of this, High Courts allow withdrawal in 250 cases and CESTAT in 202 cases. …
DUE DATE FOR FILING OF SERVICE TAX RETURN FOR THE PERIOD OCTOBER-MARCH, 2015-2016 HAS BEEN EXTENDED FROM 25TH TO 29TH APRIL, 2016. Ministry of Finance Press Release dated 25-04-2016 Extension of date for filing of ST3 returns The Central Government has extended the date of filing …
