"May, 2015" Archive - Page 20

Download All India VAT Ready Reckoner

Please find attached All India VAT Ready Reckoner. It contains the 30 states (including union territory). I believe you will find the same very useful. It may be noted that VAT Act and Rules keeps changing from time to time through notification, circulars, finance act of the state etc. Though utmost care has been taken to reflect most upd...

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Download Finance Bill 2015 approved by President of India

Finance bill, 2015 has received the presidential assent on 14th May 2015 and has now become Finance Act, 2015 (NO. 20 OF 2015) . All the provisions which were due to be effective from the date the Finance Bill receives the assent of the President have now been implemented w.e.f. 14th May 2015....

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Service Tax changes applicable with Finance Bill 2015 enactment

INANCE BILL 2015 RECEIVED PRESIDENT ASSENT Finance Bill, 2015 has got President Assent on 14th May, 2015 and has become Finance Act, 2015. As you know, Finance Bill 2015 has proposed lot of changes in Service tax provisions, applicable with effect from various dates. Now with the enactment of Finance Bill, 2015, following changes have [&h...

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Assessee can request condonation of delay in filing of return if reason for delay was not attributable to him

Pala Marketing Co-operative Society Ltd. Vs Union of India (Kerala High Court)

The High Court held that the assessee was bound to get its accounts audited under section 64 of the Kerala Co-operative Societies Act, 1969, and the delay in audit by the auditor appointed under the Act was not attributable to the assessee....

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Meeting to review progress in implementation of N.R. Parmar judgment of SC

HRD/CM/220/14/2013-14/(Pt-11)/1008 (18/05/2015)

To ascertain the status of implementation of the Supreme Court judgment in N.R Parmar and the guidelines issued by CBDT in the form of FAQs, meetings chaired by DGIT (HRD) were held on 30.3.2015 and 10-04-2015, with representatives of all CCAs and ITEF. The representatives from Bihar & iharkhand and Kerala and ITGOA were not present in th...

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Mere family connection cannot be a ground for transfer of cases

Relevant Case - Dillip Kumar Agarwal Vs CIT (Calcutta High Court)

In connection with search and seizure operations against the R group of companies, the Commissioner of Income-tax after hearing the assessees passed a reasoned order directing transfer of the cases of the assessees from the Income-tax Officers at Kolkata to Patna....

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Revenue cannot have access to data in laptops pertaining to third parties unconnected with person searched

Relevant Case - S. R. Batliboi and Co. Vs Department of Income-tax (Investigation) (Delhi High Court)

The petitioner was a firm of auditors. During the course of search and seizure operations conducted against EMAAR, the laptop computers of two employees of the petitioner, who were conducting an audit of EMAAR, were seized by the Deputy Director. ...

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Shri Atul Hasmukhrai Mehta, President, Nominee of ICSI

Notiofication No. S.O. (E) (18/05/2015)

In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Corporate Affairs, number S.O. 2425 (E), dated the 18th September 2014, published in Part II, Section 3...

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Rescinding of notifications GSR No. 179(E) dated 3rd March, 2011 and GSR 650(E) dated 29th August, 2011

Notification No. G.S.R. 395(E) (18/05/2015)

G.S.R (E).- In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013) , the Central Government hereby rescinds the notifications of the Government of India in the Ministry of Corporate Affairs, published in the ...

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Registration granted U/s. 12AA(3) cannot be withdrawn on mere presumptions and surmises

CIT Vs M/s. Apeejay Education Society (Punjab & Haryana High Court)

Section 12AA, which lays down the procedure for registration, does not speak anywhere that the CIT, while considering the application for registration, shall also see that the income derived by the trust or the institution is either not being spent for charitable purpose or such institution is earning profit....

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