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Aadhaar number mandatory for Stipend to SC / ST Trainees

February 27, 2017 1041 Views 0 comment Print

Aadhaar number mandatory for Scheme of Stipend to Trainees under the Scheme of Welfare for the Scheduled Castes and the Scheduled Tribes Job-seekers through Coaching, Guidance and Vocational Training implemented by the National Career Services Centres for the Scheduled Castes and the Scheduled Tribes (Erstwhile Coaching cum Guidance Centre for the Scheduled Castes and the Scheduled Tribes)

Aadhaar number mandatory for Scheme of National Career Services

February 27, 2017 897 Views 0 comment Print

S.O. 638(E).—Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes, brings in transparency and efficiency, and enables beneficiaries to get their entitlements directly in a convenient and seamless manner and Aadhaar obviates the need for producing multiple documents to prove one’s identity

Rajeev Kher to discharge functions of Chairperson CAT

February 27, 2017 744 Views 0 comment Print

Central Government hereby authorised Shri Rajeev Kher, the senior-most Member in the Competition Appellate Tribunal , to discharge functions of Chairperson in Tribunal for a period of six months with effect from the 12th day of December, 2016 or until further orders, whichever is earlier.

SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2017

February 27, 2017 1467 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Foreign Portfolio Investors) (Second Amendment) Regulations, 2017. 2. They shall come into force on the date of their publication in the Official Gazette.

Appeal before CESTAT? Declare that such matter not pending in other courts

February 27, 2017 5964 Views 0 comment Print

All the concerned parties may be directed that while filing appeal/ applications before this Tribunal they have to give an undertaking in the following format along with the appeals/applications to be filed before CESTAT.

GST Migration: Allotment of Provisional Id & Access Token to Maharashtra dealers

February 27, 2017 4932 Views 0 comment Print

(a) Last date for Disabling Provisional Id and Access Token of Non-Compliant Phase 1 & Phase 2 dealers, (b) Distribution of Provisional Id and Access Token for Phase 3 dealers and (c) Last date for submission of signed Enrollment Applications.

Limitation period U/s. 275(1)(c) not applies to penalty proceeding U/s. 271D & 271E

February 26, 2017 2673 Views 0 comment Print

Penalty proceedings for default in not having transactions through the bank as required under Sections 269SS and 269T are not related to the assessment proceeding but are independent of it.

Sec. 14A No attribution of expense for exempted income earned without employee interference

February 26, 2017 1851 Views 0 comment Print

If tax exempted income was earned without interference of any employee but rather through solicitation and advertisement of bank the question of attributing any expenditure cannot arise at all.

Section 256(1): HC returns reference unserved for 16 years unanswered

February 26, 2017 2148 Views 0 comment Print

This Reference under Section 256(1)of the Income Tax Act, 1961 by the Income Tax Appellate Tribunal (Tribunal) seeks our opinion on two substantial questions of law as framed by it. However, Mr. Rattesar, the learned counsel appearing for the applicant assessee very fairly states that he is not in a possession of evidence to show that the Reference has been served upon the Revenue.

Section 50C not applicable to transfer of leasehold land & building

February 25, 2017 7176 Views 0 comment Print

Section 50C of Income Tax Act, 1961 is not applicable while computing capital gains on transfer of leasehold rights in land and buildings.

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