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Addition by CIT(A) without Opportunity to Assessee is invalid

March 8, 2017 2730 Views 0 comment Print

Section 251(2) provides that the Commissioner (Appeal) shall not embark on enhancement of an assessment unless the assessee has been granted a reasonable opportunity of showing cause against such We find no reference to the issuance of enhancement notice in the appellate order of the CIT(A).

Last date of Digital Life Certificate submission extended to 31.03.2017

March 8, 2017 3087 Views 0 comment Print

Last date of submission of Digital Life Certificate through Jeevan Pramaan Patra extended upto 31st March 2017. EPF & MP Act, 1952 made applicable to all staff employed in ECHS on contractual basis. A single page composite claim form in death cases replaces Form 20, form 5-IF and Form 10-D

CBI Arrests Superintendent of Central Excise in an alleged bribery case

March 8, 2017 1338 Views 0 comment Print

CBI has arrested a Superintendent of Central Excise, Anti-Evasion, Hyderabad-II Commissionerate, Kendriya Shulk Bhavan, Basheerbagh, Hyderabad and a private person in an alleged bribery of Rs. four lakh.

Secondary market liquidity needed to attract retail investor into corporate bond space: SEBI official

March 8, 2017 708 Views 0 comment Print

Infusing some amount of secondary market liquidity can help attract retail investors to enter the corporate bonds’ space, a top Securities Exchange Board of India (SEBI) official said at an ASSOCHAM event held in New Delhi today.

NCLT invites applications for Judicial Members in NCLT

March 8, 2017 4971 Views 0 comment Print

am directed to state that applications are invited in the format given in Annexure-I for the four post of Judicial Members, National Company Law Tribunal constituted under Section 408 of the Companies Act, 2013

Phone Scams a Serious Threat: IRS

March 8, 2017 4233 Views 0 comment Print

Aggressive and threatening phone calls by criminals impersonating IRS agents remain a major threat to taxpayers, headlining the annual Dirty Dozen list of tax scams for the 2017 filing season, the Internal Revenue Service announced today.

Vacancies for Technical Member in NCLT for CA, CS, CMA etc

March 8, 2017 5565 Views 0 comment Print

Filling up of 12 posts of Technical Member in the National Company Law Tribunal (NCLT) – inviting applications for- selected candidates will be required to serve at any of the already constituted NCLT benches or benches to be constituted in future in different parts of the country in a phased manner

View taken in earlier years cannot be changed unless change in facts and /or in law

March 8, 2017 1785 Views 0 comment Print

In view of the fact that the Revenue has been consistently taking a view that the income earned on investments is taxable under the head capital gains no difference in facts and /or in law has been pointed out to take a different view for the subject Assessment Year

CBDT signs 141st Bilateral Advance Pricing Agreement (APA)

March 7, 2017 951 Views 0 comment Print

Central Board of Direct Taxes (CBDT) signs another Bilateral Advance Pricing Agreement (APA) with subsidiary of a Japanese Company taking the total APAs entered into by the CBDT to 141

Beekeeping: Vital Input for Sustainable Agriculture

March 7, 2017 4128 Views 2 comments Print

Beekeeping is an agro-based activity which is being undertaken by farmers/landless labours in rural area as an integrated farming practice. Beekeeping supplements income & employment generation and nutritional intake of rural population.

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