Announcement

Collapse
No announcement yet.

NICAI Update 16 December 2016

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • NICAI Update 16 December 2016

    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.
Working...
X