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Reopening on mere audit party info without application of mind is invalid

February 21, 2017 1596 Views 0 comment Print

The petitioner has challenged a notice dated 29.3.20 14 by which the respondent no.1 Assessing Officer sought to reopen the assessment of the petitioner for the assessment year 2009-­2010.

New rules for Maintenance of registers under various labour laws

February 21, 2017 19233 Views 0 comment Print

These rules may be called the Ease of Compliance to Maintain Registers under various Labour Laws Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.

Tax Treatment of Gold Investments in India

February 21, 2017 10788 Views 1 comment Print

We Indians do love the shiny yellow metal. So much so, that between March and December 2016, gold imports in India had reached the hereto unmatched level of Rs. 2295 billion (approx.). Though a majority of the imported gold actually makes its way to the jewelry store, a relatively smaller number look at gold as an investment.

GST Outreach programme

February 21, 2017 4320 Views 0 comment Print

As part of the GST : MISSION ALL project whereby awareness on GST law was sought to be spread far and wide in the jurisdiction of Tirupati Commissionerate, a novel idea of broadcasting GST awareness programmes over AIR Tirupati was thought of. The station Director of AIR., Tirupati was contacted who readily agreed to cover GST awareness programmes conducted at Tirupati

EPFO introduces Composite Claim Forms (Aadhar and Non-Aadhar)

February 20, 2017 43635 Views 0 comment Print

In the matter of Introduction of Composite Claim Forms (Aadhar and Non-Aadhar) to replace existing Claim Forms No. 19, 10C & 31 and Forms No. 19 (UAN), 10C(UAN) & 31 (UAN)

Slump sale in case of exclusion of some asset out of sale transaction for buyers convinience

February 20, 2017 4698 Views 0 comment Print

The fact that certain assets of undertaking are left out of sale transaction because it would cause inconvenience for purchaser does not mean that transaction is not a slump sale

Participation in derivatives market by Mutual Funds

February 20, 2017 819 Views 0 comment Print

EBI has received representations that for existing schemes’ whose SIDs do not currently envisage investments in derivatives, obtaining positive consent from majority of unit holders as mandated above is challenging on account of vast geographical spread of unit holders and hence the request for doing away with such requirements

Contingency paid employees of Chhattisgarh State Power Holding Company Limited are entitled for maternity leave U/s. 38 of Chhattisgarh Civil Services (Leave) Rules, 2010

February 20, 2017 912 Views 0 comment Print

Every child has a right to love and be loved and to grow up in an atmosphere of love and affection and of moral and material security and this is possible only if the child is brought up in a family. The most congenial environment would, of course, be that of the family of his biological parents.

Foreign Exchange (Compounding Proceedings) Amendment Rules, 2017

February 20, 2017 5886 Views 0 comment Print

Central Government hereby makes the following rules further to amend the Foreign Exchange (Compounding Proceedings) Rules, 2000, namely: Provided that with respect to any proceeding initiated under rule 4, if the Enforcement Directorate is of the view that the said proceeding relates to a serious contravention suspected of money laundering, terror financing

Govt extends tenure of Shri Amardeep Singh Bhatia

February 20, 2017 1077 Views 0 comment Print

Central Government hereby extends the period of tenure of Shri Amardeep Singh Bhatia, as Chief Executive Officer (Additional Charge) in the Investor Education and Protection Fund Authority for a further period of one year with effect from the 1st November, 2016 or till further orders, whichever is earlier.

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