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While granting registration U/s. 12A CIT not required to look into trust activities. Honorable Allahabad high court in the case of [CIT v/s Varanasi Welfare Trust in ITA No 227 of 2014].
Uniform formats and fees in SEZs for use of goods & taking approval of materials by developer, data for renewal of LOA, lease deed and Unit Annual Performance Report.
Companies registered in Jammu and Kashmir who could not hold AGM (other than first AGM) for 2013-2014 in time, can hold it by 31-12-2014. MCA circular 45 of 18.11.2014.
The honorable high court of Kerala in the case of [Kerala Classified Hotels and Resorts Association and others Vs. Union of India and others] held that levy of service tax on restaurants and hotels is beyond legislative competence of Parliament.
Income-tax assessment completes on date of order, irrespective of service of order; CBDT rectifies 6 year old mistake. Circular No.16/2014 Dated: November 17, 2014.
The Bombay high court has ruled in favour of shell in the transfer pricing share valuation case and quashed the department’s tax order. The tax sleuths had added Rs 15,000 crore and Rs 3,000 crore respectively to the taxable income of Shell India Markets Pvt. Ltd., the Indian subsidiary of Royal Dutch Shell Plc, for the FY 2007-08 and FY 2008-09 in two transfer pricing cases.
Amendment to rule 7 of customs, central excise duties & service tax drawback rules 1995. Notification No. 109/2014- Customs (N.T) New Delhi, the 17th November, 2014 G.S.R. 813 (E).
Uniform formats and fees in SEZs for use of goods & taking approval of materials by developer, data for renewal of LOA, lease deed and Unit Annual Performance Report.
Companies registered in Jammu and Kashmir who could not hold AGM (other than first AGM) for 2013-2014 in time, can hold it by 31-12-2014. MCA circular 45 of 18.11.2014.
The honorable high court of Kerala in the case of [Kerala Classified Hotels and Resorts Association and others Vs. Union of India and others] held that levy of service tax on restaurants and hotels is beyond legislative competence of Parliament.
Income-tax assessment completes on date of order, irrespective of service of order; CBDT rectifies 6 year old mistake. Circular No.16/2014 Dated: November 17, 2014.
The Bombay high court has ruled in favour of shell in the transfer pricing share valuation case and quashed the department’s tax order. The tax sleuths had added Rs 15,000 crore and Rs 3,000 crore respectively to the taxable income of Shell India Markets Pvt. Ltd., the Indian subsidiary of Royal Dutch Shell Plc, for the FY 2007-08 and FY 2008-09 in two transfer pricing cases.
Amendment to rule 7 of customs, central excise duties & service tax drawback rules 1995. Notification No. 109/2014- Customs (N.T) New Delhi, the 17th November, 2014 G.S.R. 813 (E).