Distribute cases equally among Sr./Jr. Standing Counsels :CBEC
Measures to be taken for equitable of cases among the Sr./Jr. Standing Counsels and Special Public Prosecutors (SPPs) conducting CBEC cases at different fora
Measures to be taken for equitable of cases among the Sr./Jr. Standing Counsels and Special Public Prosecutors (SPPs) conducting CBEC cases at different fora
Pre-MEF Data Verification. – (12-05-2016) As you are aware, every year, Professional Development hosts an online form popularly known as MEF ie., Multipurpose Empanelment Form at www.meficai.org This year in order, to make the Members aware as to what information is going to flow from Institute’s records in MEF. As the information field related to… Read More »
Regarding filing Form GNL-1 for change in Memorandum of Association by Section 8 Companies to ROC instead of filing form RD-1 – (17-05-2016) The Ministry of Corporate Affairs is receiving references from professionals/companies seeking clarification on the forms/process to be followed for alteration in the Memorandum of Association of Section 8 Companies. The professional/companies are… Read More »
Finance Act, 2016 imposed TCS on cash sale of goods or services with effect from 1-6-2016
GENERAL CIRCULAR NO.6/2016 [F.NO.01/34/2013 CL-V], DATED 16-5-2016 In continuation of this Ministry’s General Circular No.03/2016, dated 12-4-2016, keeping in view of requests received from various stakeholders, it has been decided to extend the period for which the one time waiver of additional fees is applicable to all e-forms which are due for filing by companies… Read More »
Held The real effect of the instruction is to curtail the discretion of the AO by ‘preventing’ him from processing the return, where notice has been issued to the Assessee under Section 143(2) of the Act. If the legislative intent was that the return would not be processed at all once a notice is issued… Read More »
TCS on Sale of motor Vehicle above Rs 10 Lakh TCS on Sale of motor Vehicle above Rs 10 Lakh as per newly inserted section 206c(1F) in Income Tax Act (India) Analysis of provision on TCS on Sale of motor Vehicle above Rs 10 Lakh :- TCS on Sale of motor Vehicle above Rs 10 Lakh TCS… Read More »
Mumbai ITAT on section 263 amendment by finance act, 2015 held “If that be the case, then the Ld Pr. CIT can find fault with each and every assessment order, without conducting any enquiry or verification in order to establish that the assessment order is not sustainable in law and order for revision; Definitely, that… Read More »
Delhi high court landmark decision on sec.143 (2) held “What is relevant for the present case is that prior to issuance of the notice under Section 143(2) (ii) the AO has to form an opinion that it is ‘necessary or expedient’ to ensure that an Assessee has not (i) understated the income or (ii) has… Read More »
(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-1 SECTION-1) GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE No. 09/2015-20 Dated: 16th May, 2016 Marking of Y in the EDI generated Shipping Bills by Exporters would be treated as declaration of intent to claim… Read More »