1.Bombay High Court in Khandelwal Lab Pvt. Ltd vs. DCIT has directed the department to redeposit moneys collected illegally by attachment of assessee’s bank account during pendency of stay application u/s 220(6).
2.CBDT clarified that filing of revised return cannot be used as the tool for manipulating the figures of income, cash-in-hand, profits etc. with an intention to show the current year’s undisclosed income in the earlier return.
3.MCA has revised the version of e-forms: Form INC-18, Form DIR-3 and Form MGT-14 with effect from 17th Dec’ 2016.
4.Legal profession is not a commercial activity - Running of office by an Advocate in a building cannot be termed as Commercial activity - Electricity rates fixed for Commercial user cannot be charged. SUPREME COURT OF INDIA before: - Arijit Pasayat & H.K. Sema, JJ.
2.CBDT clarified that filing of revised return cannot be used as the tool for manipulating the figures of income, cash-in-hand, profits etc. with an intention to show the current year’s undisclosed income in the earlier return.
3.MCA has revised the version of e-forms: Form INC-18, Form DIR-3 and Form MGT-14 with effect from 17th Dec’ 2016.
4.Legal profession is not a commercial activity - Running of office by an Advocate in a building cannot be termed as Commercial activity - Electricity rates fixed for Commercial user cannot be charged. SUPREME COURT OF INDIA before: - Arijit Pasayat & H.K. Sema, JJ.