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Archive: 23 November 2017

Posts in 23 November 2017

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7167 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017

November 23, 2017 1992 Views 0 comment Print

Press Release dated 23.11.2017 from Ministry of Corporate Affairs, Government of India Ordinance to amend the Insolvency and Bankruptcy Code, 2016 promulgated; Ordinance aims at putting in place safeguards to prevent unscrupulous, undesirable persons from misusing or vitiating the provisions of the Code. The Government of India promulgated today the Ordinance to amend the Insolvency […]

Penalty waived for non-attendance by earlier Counsel without intimating assesse

November 23, 2017 2529 Views 0 comment Print

it has been submitted that assessment proceedings before the AO were earlier being taken care of by the tax counsel, who, however, stopped attending the proceedings without intimating the assessee as differences had developed between the assessee and the counsel.

CBEC notifies Revisionary Authority under Excise Appeal Rules

November 23, 2017 4581 Views 0 comment Print

Seeks to specify jurisdiction of Revisionary Authority under rule 10 of Central Excise (Appeals) Rules, 2001 under the Central Excise Non tariff section. Notification No. 27/2017-Central Excise (N.T.)

GPS compulsory in new smart mobile phones from 1st January 2018

November 23, 2017 1218 Views 0 comment Print

GPS in new smart mobile handset.—With effect from the 1st January, 2018, no smart phone handset manufacturing company shall sell the new smart mobile phone handset in India without the facility of identifying the location through Satellite based GPS

FAQs Non-competitive Bidding Facility for Dated Securities and Treasury Bills of the Government of India

November 23, 2017 261 Views 0 comment Print

FAQs Non-competitive Bidding Facility for Dated Securities and Treasury Bills of Government of India To encourage retail participation in the primary market for Government Securities, the facility of non-competitive bidding in Dated Government Securities and Treasury Bills auctions has been introduced. This will enable the investor to purchase a specified number of securities at the […]

Disallowance U/s. 14A untenable in absence of Non-recording of satisfaction

November 23, 2017 1533 Views 0 comment Print

Phraseology of section 14A of the Act itself specifies that the satisfaction contemplated is required to be arrived at having regard to the accounts, an approach which is conspicuous by its absence in the present case.

Penalty U/s. 271(1)(c) for mere change of head of income is not justified

November 23, 2017 3888 Views 0 comment Print

ACIT Vs Krishna C. Tandon (HUF) (ITAT Mumbai) In this case penalty proceedings were initiated during quantum assessment for furnishing of inaccurate particulars. The assessee contested the same on the premises that full particulars were furnished in the return of income and there was no concealment of income and mere change of head of income […]

Summary Of Amendment In GST Of 23rd GST Council Meeting

November 23, 2017 11979 Views 3 comments Print

GST Council has held it’s 23rd GST Council Meeting in Aasam on 10th November,2017. In the meeting numbers of decision taken for providing relief to Taxpayer. Find the summary of amendment made in GST.

Draft ICDS on Real Estate Transaction – Important Aspects in less than 1000 words

November 23, 2017 15546 Views 0 comment Print

In order to bring clarity and uniformity in computation of income from real estate transactions, CBDT introduced draft ICDS on Real Estate Transactions in May 2017 which is largely driven by ICAI’s Guidance Note on real estate transactions.

Do you mainly depend on past performance before you invest?

November 23, 2017 1347 Views 0 comment Print

While investing in stocks, bonds and mutual funds, past performance becomes a strong input in making investment decisions. Question, should keep on relying on it excessively or there are other indicators available to investors, on which they can rely on to make investment decisions.

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