Follow Us:

Arbitral tribunal has no power to appoint Court Receiver, High Court

March 27, 2017 8901 Views 0 comment Print

The above Court Receivers Report dated 28th December, 2016 (Report) is filed by the Court Receiver, High Court, Bombay, seeking directions on Whether the Registry should accept the matters wherein the Arbitral Tribunal appoints the Court Receiver, High Court, Bombay, as a Receiver for execution of orders passed by it etc.

Formation of 7 new districts in Manipur: Lead Bank Responsibility Assignment

March 27, 2017 828 Views 0 comment Print

The Government of Manipur vide Gazette Notification dated December 14, 2016 has issued a corrigendum rectifying the Sub Divisions of districts Senapati and Kangpokpi as detailed below:-

Hike in Tuition Fee For Installing air conditioning system is illegal

March 27, 2017 1380 Views 0 comment Print

Director of Education has held that 15% additional increase in tuition fee for the session 2015-2016 by the Schools for air conditioning system is illegal and liable to be refunded / adjusted.

Scholarship paid for pursuing studies abroad is Charitable Expense

March 27, 2017 2580 Views 0 comment Print

Payment of Scholarship by Charitable Trust for pursuing Engineering course from University of California, Los Angeles, USA in accordance with its objects is ‘Charitable Expenditure

Extra 3 months to Defunct companies to submit plan of action: SEBI

March 27, 2017 879 Views 0 comment Print

In the interest of the investors of such ELCs, it is decided to extend the time to submit the plan of action till June 30, 2017. All other conditions as mentioned in the SEBI circular dated October 10, 2016 remain unchanged.

Extending Banking Hours and e-payment deadline for Tax Payment

March 27, 2017 2283 Views 0 comment Print

It has been decided that all agency banks shall keep the counters of their designated branches conducting government business open up to 8,00 pm on March 30. 2017 and up to 6.00 p.m. on March 31, 2017. ALL electronic transactions would, however, continue till midnight of March 31, 2017,

Cost incurred in abandoned projects should be allowed : ITAT Mumbai

March 26, 2017 1830 Views 0 comment Print

In CBDT circular no.16 of 6th October 2015, the Board has clearly stated that cost incurred in abandoned projects should be allowed as revenue expenditure under section 37 of the Act.

Property holding period should be computed from Allotment Letter date

March 26, 2017 6627 Views 0 comment Print

This appeal has been filed by the assessee against the order of the Commissioner of Income-tax (Appeals)-32 [hereinafter called CIT(A)]02-0-2015 passed against the assessment order of the AO u/s 143(3) dated 23-12-2013 for A.Y. 201-12 on the following grounds

Mere voluntary disclosure does not release assessee from penalty

March 26, 2017 3498 Views 0 comment Print

Apex Court in MAK Data P. Ltd., v/s. Commissioner of Income Tax 358 ITR 593, that voluntary disclosure itself does not release the assessee from penal consequences.

CBEC renamed as Central Board of Indirect Taxes & Customs (CBIC)

March 26, 2017 12243 Views 0 comment Print

FM approves the re-organisation of the field formations of the Central Board of Excise & Customs (CBEC) for the implementation of Goods & Services Tax (GST); CBEC is being renamed as the Central Board of Indirect Taxes & Customs (CBIC), after getting legislative approval

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930