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Archive: 31 May 2018

Posts in 31 May 2018

Addition based on mere Statements during Survey without any Tangible Materials is invalid

May 31, 2018 3276 Views 0 comment Print

DCIT Vs M/s. Real Strips Ltd. (ITAT Ahmedabad) The addition was solely made on the basis of the statement furnished by the production manager of the assessee at the time of survey. The lower authorities have not brought any iota of evidence suggesting that the assessee has suppressed the production leading to suppressed sale out […]

For Similar Transactions with Related and Unrelated Parties if Price is Comparable, It is taken to be at ALP

May 31, 2018 921 Views 0 comment Print

Axis Risk Consulting Services Private Limited. Vs DCIT (ITAT Delhi) the only dispute before us is with regard to the adjustment by way of imputing interest @ 17.22% by the TPO on account of receivables from the AE. Here in this case, it is an undisputed fact that the assessee has also rendered similar services […]

Taxability of Electricity Under GST

May 31, 2018 93075 Views 4 comments Print

The power sector in a general and practical scenario is a mesh of contracts for engineering, procurement, construction (EPC) to generate electricity, boost energy efficiency and shore up renewable power. And moreover, power generation has grown rapidly in recent years.

SEBI (Delisting of Equity Shares) (Amendment) Regulations, 2018

May 31, 2018 3837 Views 0 comment Print

1. These Regulations may be called the Securities and Exchange Board of India (Delisting of Equity Shares) (Amendment) Regulations, 2018. 2. They shall come into force on the date of their publication in the Official Gazette.

SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2018

May 31, 2018 2094 Views 0 comment Print

These Regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2018.

SEBI (Listing Obligations And Disclosure Requirements) (Third Amendment) Regulations, 2018

May 31, 2018 3099 Views 0 comment Print

Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2018 shall come into force on the date of their publication in Official Gazette.

SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2018

May 31, 2018 2868 Views 0 comment Print

1. These Regulations may be called the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2018.

SEBI (Alternative Investment Funds) (Amendment) Regulations, 2018

May 31, 2018 1773 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2018. 2. They shall come into force on the date of their publication in the Official Gazette.

SEBI (Employees Service) (Second Amendment) Regulations, 2018

May 31, 2018 951 Views 0 comment Print

External assignment means the temporary posting to another organisation, including secondment, tour of duty and staff exchange programme, wherein the accrual and disbursement of remuneration including pay, allowances and perquisites would be borne by the Board.

GST on Trading of Priority Security Lending Certificates (PSLC’s) by Banks

May 31, 2018 11766 Views 2 comments Print

Priority Sector Lending Certificates (PSLCs) are tradable certificates issued against priority sector loans of banks so as to enable banks to achieve their specified target and sub-targets for priority sector lending through purchase of these instruments in the event of a shortfall and at the same time incentivizing the surplus banks to lend more to these sectors.

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