In a recent judgment, ITAT Delhi following Pepsi Foods (P) Ltd case has granted stay beyond 365 days in a re-fixed appeal for clarification, holding that the delay was not attributable to the assessee. Case Law Details: S.A.-211/Del/2016 (In ITA No.-1681/Del/2015) AY: 2010-11 D.E.Shaw India Advisory Services Pvt.Ltd vs. DCIT …
Merely writing yes/approved and affixing signature by CIT is not proper satisfaction for a fit case for re-opening u/s 147 and issue of notice u/s 148 Merely writing “yes” or “approved” and affixing signature by the Commissioner of Income Tax (CIT) was not the required/proper satisfied for a fit case …
THE INSTITUTE OF COMPANY SECRETARIES OF INDIA (IN PURSUIT OF PROFESSIONAL EXCELLENCE) (“Statutory Body under an Act of Parliament”) NOTIFICATION New Delhi, the 1st April, 2016 ICSI No.1 of April, 2016 – The Council of the Institute of Company Secretaries of India pursuant to sub-section (1) of Section …
Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 5/2016 New Delhi, 6th of April, 2016 Subject: Electronic Verification Code (EVC) for electronically filed Form of Appeal to Commissioner (Appeals) In exercise of the powers conferred by sub-section (1) …
In a latest judgment, the Delhi High Court has held that activity of 2D/3D seismic survey carried on by assessee in connection with oil exploration was not fees for technical services u/s 9(1)(vii) but liable to taxation u/s 44BB. Case Law Details: ITA 612/2012 PGS Exploration (Norway) ….Appellant vs. …
Circular No. 1023/11/2016-CX Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Customs) New Delhi, the 8th April, 2016 To All Principal Chief Commissioners/Chief Commissioners of Customs, Central Excise & Service Tax All Director Generals/Director s of Customs, Central Excise & Service Tax; …
