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Discount not claimed in commutation of income cannot be disallowed U/s. 40(a)(ia)

July 12, 2017 2145 Views 0 comment Print

Where the impugned amount is not claimed by the assessee by way of deduction under sections 30 to 38 of the Act while computing the income of the assessee under the head Profits and gains of business or profession the question of making any dis allowance under section 40(a)(ia) of the Act will not arise

Amendment in Chapter Notes and Import Policy and Policy Conditions of items under Chapter 98 of ITC (HS), 2017 – Schedule -1 (Import Policy)

July 12, 2017 2250 Views 0 comment Print

S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends Chapter Notes and Import Policy and Policy Conditions of items of Chapter 98 as under

Result of CA Final and CPT likely on 18th July 2017

July 12, 2017 1257 Views 0 comment Print

Result of the Chartered Accountants Final Examination held in May 2017 and Common Proficiency Test (CPT) held in June 2017 are likely to be declared on Tuesday, the 18th July 2017 around 2.00 P.M.

Stay on Circular Mandating 10% Additional Pre- Deposit for Appeals before CESTAT

July 11, 2017 1644 Views 0 comment Print

Hon’ble High Court of Delhi on 23.5.2017 has passed an interim order in W.P. No. 4551/2017 and accordingly, the demand of 10% additional mandatory deposit over and above the amount deposited before Commissioner (Appeals) is stayed till further orders. The circular dated 27.4.2017 issued by this office is also kept in abeyance.

Notice not become invalid for Mere non mention of ‘section 143(2)’ in it calling upon assessee to defend its case

July 11, 2017 2043 Views 0 comment Print

In this appeal, the assessee calls in question the order passed by the Income Tax Appellate Tribunal, Cochin Bench in I.T.A.No.375/14 for the assessment year 2005-2006.

Amendment to Investor Grievance Redressal System and Arbitration Mechanism

July 11, 2017 1884 Views 0 comment Print

SEBI, vide its Circular No. CIR/CDMRD/DIECE/02/2015 dated November 16, 2015, mandated Investor Grievance Redressal System and Arbitration Mechanism to National Commodity Derivatives Exchanges (herein after referred to as Exchanges) and directed exchanges to comply with the provisions of circulars as issued by SEBI in this regard, with effect from April 01, 2016.

CBDT Central Action Plan for 2017- 18

July 11, 2017 20067 Views 0 comment Print

CBDT Central Action Plan for 2017- 18 deals with Budget Collection, Reduction and Cash Collection Out Of Arrear Demand, Litigation Management, Service Delivery and Redressal of Grievances, Assessment Units (Including International Taxation & Transfer Pricing, Exemptions) International Taxation & Transfer Pricing, TDS Units, Intelligence and Criminal Investigation, Exchange of Information under Tax Treaties, Computer Operations, Exemptions Related Work, CIT (Audit), Prosecution & Compounding of Offences (In Respect Of Prosecution U/S 276cc) and Communication Strategy.

Report on Compulsory Registration of Marriages

July 11, 2017 6978 Views 0 comment Print

Report with regard to various issues relating to compulsory registration of marriages. In spite of the relentless efforts of the lawmakers and the judiciary, social evils such as child marriages, bigamy and gender violence continue to prevail in our society.

Transportation & House-keeping of Egg-laying hens & Broiler Chickens

July 11, 2017 3018 Views 0 comment Print

The Law Commission of India received a reference dated 2nd March 2017, from the Ministry of Law and Justice asking the Commission to look into the existing laws and international practices on the transport and housekeeping of poultry birds. On 12 April 2017, the Commission put up an Appeal on its website, requesting all stakeholders to present their views before the Commission, on rearing

GST: Creation of DGARM- Charter of functions – regarding

July 11, 2017 14043 Views 0 comment Print

Charter of Functions of Center for Business Intelligence and Analytics (CBIA): This Unit shall be responsible for identification of different information requirements of CBEC. It will utilize data feeds from internal sources including historical data, offence data, business data, etc.

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