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LLPs to follow law relevant to Partnership Firms for KVAT Registration

April 1, 2017 1095 Views 0 comment Print

The petitioner is aggrieved with the fact that Ext.P6 communication has been issued to the petitioner under the Limited Liability Partnership Act, 2008 (for brevity the LLP Act), which according to the petitioner, they are not obliged to comply with.

Rent for amenities if not separable from Rent is House Property Income

April 1, 2017 5325 Views 0 comment Print

These appeals are preferred by the assessee against the order of CIT(A) on common grounds. Therefore, these appeals were heard together and are being disposed off through this consolidated order.

More Than 2 Dozen Companies Want Collaboration With India Post Payments Bank: Manoj Sinha

March 31, 2017 807 Views 0 comment Print

Government has said that there are many companies who have approached the Department of Posts for collaboration with India Post Payments Bank.

Enhanced Standards for Credit Rating Agencies (CRAs) – Clarifications

March 31, 2017 864 Views 0 comment Print

Please refer to SEBI Circular No. SEBI/HO/MIRSD/MIRSD4/CIR/P/201 6/119 dated November 01, 2016 on Enhanced Standards for Credit Rating Agencies (CRAs). Based on the representations received from the industry and in consultation with CRAs, following has been decided

Extension of time for CEP Credit Hours for renewal of COP

March 31, 2017 1041 Views 0 comment Print

Council of the Institute to grant an extension upto 15th May, 2017 to complete the requirement of CEP credit hours for renewal of COP of the members for the year 2017-18.

Customs SOP for Refund, Demand, Adjudication, Review & Appeal for SEZ Units

March 31, 2017 2511 Views 0 comment Print

Clarification regarding amendments made in the Special Economic Zone Rules, 2006 by way of inserting a new Rule 47 (5) brought vide Department of Commerce (DoC) Notification No. GSR 772(E) dated 05.08.2016 wherein functional operations like Refund, Demand, Adjudication, Review and Appeal are to be made by jurisdictional Customs and Central Excise authorities in accordance with the relevant provisions contained in the Customs Act, 1962 & Central Excise Act, 1994 and the Finance Act, 1994.

Writ petition challenging termination of petroleum dealership is maintainable

March 31, 2017 7344 Views 0 comment Print

In view of the observation made in the preceding paragraph (22), the Registrar (Judicial) is directed to send a copy of this order to the Secretary, Department of Petroleum, Government of India for information and appropriate needful action against the erring officials of IOCL, the respondent herein.

Kapol Co-operative Bank under RBI Scanner; Withdrawal restricted to Rs. 3000

March 31, 2017 1263 Views 0 comment Print

The Kapol Co-operative Bank Ltd will, without prior approval in writing from the Reserve Bank, also not able to grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise,

IBBI (Information Utilities) Regulations, 2017

March 31, 2017 12861 Views 0 comment Print

(1) These Regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017. (2) These Regulations shall come into force on 1st April, 2017.

PMGKY deceleration filing due date extended to 10th April 2017

March 31, 2017 2700 Views 1 comment Print

CBDT has decided that if an assessee has made payment of tax, surcharge, penalty and deposit under Scheme, in banks by closing hours of 31st March, 2017, he shall be allowed to file declaration in Form 1 under PMGKY Scheme by 10th of April, 2017.

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