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1. Non-supply of reasons to reopen assessment makes such notice bad in law. Case Name: CIT (LTU) vs. IDBI Ltd. (Bombay High Court
2. Ministry of Finance (Department of Revenue) has issued Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016.
3. Common Cause vs. UOI (Sahara Diaries) (Supreme Court): Sec. 34 of the Evidence Act: Entries in loose papers/ sheets are irrelevant and inadmissible as evidence. Such loose papers are not “books of account” and the entries therein are not sufficient to charge a person with liability.
4. In Revised GST Model law, as per Explanation 1 to Sec 2(92), services include transactions in money but do not include money & securities.
5. Delhi High Court judgment on refund under DVAT Act wherein held that furnishing of statutory forms under CST Act is not mandatory for processing of refund. Deptt. to dispose of refund claims along with interest as per law.
6. MCA has deferred the date for roll-out of new version of e-Form SPICe (INC-32) with functionality of applying for Company PAN and TAN is being revised and will be communicated shortly. Stakeholders may therefore continue to file existing version of Form SPICe W.e.f. 21st Jan2017.
7. Employees’ Provident Fund Organization (EPFO) has made it mandatory for all pensioners and members to submit Aadhaar number by January 31, 2017 to avail the central govt contribution towards EPS.
2. Ministry of Finance (Department of Revenue) has issued Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016.
3. Common Cause vs. UOI (Sahara Diaries) (Supreme Court): Sec. 34 of the Evidence Act: Entries in loose papers/ sheets are irrelevant and inadmissible as evidence. Such loose papers are not “books of account” and the entries therein are not sufficient to charge a person with liability.
4. In Revised GST Model law, as per Explanation 1 to Sec 2(92), services include transactions in money but do not include money & securities.
5. Delhi High Court judgment on refund under DVAT Act wherein held that furnishing of statutory forms under CST Act is not mandatory for processing of refund. Deptt. to dispose of refund claims along with interest as per law.
6. MCA has deferred the date for roll-out of new version of e-Form SPICe (INC-32) with functionality of applying for Company PAN and TAN is being revised and will be communicated shortly. Stakeholders may therefore continue to file existing version of Form SPICe W.e.f. 21st Jan2017.
7. Employees’ Provident Fund Organization (EPFO) has made it mandatory for all pensioners and members to submit Aadhaar number by January 31, 2017 to avail the central govt contribution towards EPS.