The reasons supplied to the assessee for reopening of the case relates mainly to Share capital, which is already been investigated by Assessing officer in detail during Original Assessment. Therefore, The present exercise of issuing the notice under Section 148 of the Act would amount to nothing but a change of opinion, which is not permissible.
One of the necessary conditions for holding that an agent constitutes a PE of an enterprise is that the agent must have an authority to conclude contracts or should have been found to be habitually entering into or concluding contracts on behalf of the enterprise.
Section 143(11) of Companies Act, 2013 prescribes that the Central Government by a general or specific order direct companies or such class of companies to include such matter as may be prescribed in their auditor report. The Companies Auditor’s Report Order (CARO), 2016 vide Order dated 29th March, 2016 has been notified by the MCA.
One thing which every shareholder across various Companies would dream for is receipt of Bonus shares. The word Bonus has a very positive connotation, implying something extra or some gains at no cost. Issue of bonus shares is the most popular way by which companies like to utilize their large accumulated reserves. Over the years of operation, most growing companies build significant accumulated profits and reserves by ploughing back profits.
Government of India Ministry of Finance Department of Revenue Notification No. 76/2016 -Customs (N.T.) New Delhi. dated the 18th May, 2016 S.O. (E). -ln exercise of powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of Customs Act, 1962 (52 of 1962) and in supersession of order/notification as stated in […]
Government of India Ministry of Finance (Department of Revenue) Notification No. 75/2016-Customs (N.T.) New Delhi, the 18th May, 2016 S.O. (E). – In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs […]
Government of India Ministry of Finance Department of Revenue Notification No. 74/2016-Customs (NT.) New Delhi, dated the 18th May. 2016 S.O.(E). -In exercise of powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of Customs Act, 1962 of 1962) and in supersession of order/notification as stated in column (5) of […]
Government of India Ministry of Finance Department of Revenue Notification No. 73/2016 -Customs (N.T.) New Delhi. dated the 18th May, 2016 S.O. (E). -In exercise of powers conferred by sub-section (1) of section 4 and subsection (1) of section 5 of Customs Act, 1962 (52 of 1962) and in supersession of order/notification as stated in […]
There has been a lot of confusion off late about the levy of entry tax on import of sugar from outside the State of Punjab. The Excise and Taxation Department has been recovering entry tax on sugar imported from outside the state of Punjab. The new entry tax law legislated by Punjab Government I.e. Punjab […]
Section -29 Advocates to be the only recognized class of persons entitled to practice law- Subject to the provisions of this Act and rules made there under, there shall, as from the appointed day, be only one class of persona entitled to practice the professions of law, namely, advocates.
