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SC set aside triple talaq- Download Judgment

August 23, 2017 2937 Views 1 comment Print

Supreme Court of India on Tuesday in the case of Shayara Bano Vs Union of India and others has set aside the practice of Triple Talaq by a 3:2 majority. Justices Kurian Joseph, UU Lalit and RF Nariman delivered the majority Judgment. Chief Justice Jagdish Singh Khehar and Justice S. Abdul Nazeer dissented.

RERA: On Road to Reformed & Regulated Realty

August 23, 2017 3120 Views 1 comment Print

As the three- month window given to states for notifying RERA (Real Estate Regulation & Development Act), especially in view of ongoing under-construction projects, expires in July, the stage is set for the transformation of the real estate and housing as a matured, professional, organized and transparent sector, much to the advantage of all the stakeholders.

DGFT notifies MEIS codes of remaining eligible products

August 22, 2017 5322 Views 0 comment Print

Some of the ITC (HS) 2012 Codes eligible under MEIS and not notified in Public Notice No .61/2015-20 on 07.03.2017 are aligned, with ITC(HS) 2017 published.

31 FAQs on Government Services under GST Regime

August 21, 2017 28677 Views 1 comment Print

Answer: No, all services provided by the Government or a local authority are not exempt from tax. As for instance, services, namely, (i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government; (ii) services in relation to an aircraft or a vessel, inside or outside the precincts of an airport or a port;

Co-op credit society providing credit facility to non-members not eligible for deduction U/s. 80P

August 21, 2017 4890 Views 0 comment Print

It is noticed by the Assessing Officer, after discussing in detail the activities of the appellant, is that the activities of the appellant are in violations of the provisions of the MACSA under which it is formed. It is pointed out by the Assessing Officer that the assessee is catering to two distinct categories of […]

Penalty u/s 271AAA cannot be levied on undisclosed Income for which AO did not put a specific query to assessee

August 21, 2017 2007 Views 0 comment Print

1. The Revenue is in appeal against the order dated 28th October, 2016 passed by the Income Tax Appellate Tribunal in ITA NO. 476/Del./2014 for Assessment Year (‘AY’) 2010-2011. 2. The question sought to be urged by the Revenue is whether the ITAT erred in law in confirming the order of the Commissioner of Income […]

PML (Maintenance of Records) Third Amendment Rules, 2017

August 21, 2017 2094 Views 0 comment Print

1. (1) These rules may be called the Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.

EPFO: Forwarding of details required for assessment and timely declaration of Productivity Linked Bonus for the year 2016-17

August 21, 2017 1002 Views 0 comment Print

The work relating to the assessment of Productivity Linked Bonus for the year 2016-17 has been taken up. The Productive Linked Bonus (PLB) for the employees of EPFO is assessed on the basis of the productivity achieved and manpower used in respect of each Regional Office separately.

Validity of Depreciation claimed for first time in return filed U/s. 153A pursuant to search

August 20, 2017 1056 Views 0 comment Print

Returns of income filed in response to notice under section 153A are as a consequence of search action taken under section 132 on the assessees. These proceedings are analogous to proceedings under section 147, i.e., reassessment, to the extent that these proceedings are for the benefit of revenue and not that of the assessee. Therefore, assessee could not be permitted to convert such reassessment proceedings as his appeal or revision in disguise and seek relief in respect of depreciation earlier not claimed in original return of income.

Right of appeal U/s. 260A is a substantive right and cannot be impaired by any subsequent legislation

August 20, 2017 1845 Views 0 comment Print

S. 260A: Right of appeal is not a matter of procedure. It is a substantive right. This right gets vested in the litigants at the commencement of the lis and such a vested right cannot be taken away or cannot be impaired or imperilled or made more stringent or onerous by any subsequent legislation unless the subsequent legislation said so either expressly or by necessary intendment.

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