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The Special Investigative Team (SIT) on black money has recommended that cash holding of Rs.10 lakh and above should be considered illegal.
The CBDT has issued a letter on “Imposition of Minimum Alternate Tax (MAT) on foreign companies particularly FIIs“ in the light of the constitution of the Justice A. P. Shah Committee to look into the issue of applicability.
The Assessing Officer is not justified in making addition on account of ‘notional interest’ on loan given by assessee, where interest has not actually received by the assessee. [Shivnandan Buildcon Pvt. Ltd. and Omshiv Buildtech Pvt. Ltd. vs. CIT, Delhi High Court].
Reopening of the asstt u/s 147/148 is not justified, where reasons for reopening were based only on information received from the investigation wing of the department and no other material was put on record by revenue to believe that income had escaped. [PCI Ltd. vs. ACIT, ITAT-Delhi].
The Companies (Amendment) Bill 2014 was passed in Lok Sabha on December 17, 2014 and subsequently passed in Rajya Sabha on 13.05.2015 with some amendments.
SEBI has notified the SEBI (Prohibition of Insider Trading) Regulations, 2015 which will be effective from 15.05.2015.
GST Constitutional Amendment Bill sent to select panel of Rajya Sabha after the opposition insisted on its legislative scrutiny.
DGFT has prescribed visiting hours for non – officials / members of trade for meetings with the officials at DGFT HQ between 3 pm to 5 pm each working day.
The CBDT has issued a letter on “Imposition of Minimum Alternate Tax (MAT) on foreign companies particularly FIIs“ in the light of the constitution of the Justice A. P. Shah Committee to look into the issue of applicability.
The Assessing Officer is not justified in making addition on account of ‘notional interest’ on loan given by assessee, where interest has not actually received by the assessee. [Shivnandan Buildcon Pvt. Ltd. and Omshiv Buildtech Pvt. Ltd. vs. CIT, Delhi High Court].
Reopening of the asstt u/s 147/148 is not justified, where reasons for reopening were based only on information received from the investigation wing of the department and no other material was put on record by revenue to believe that income had escaped. [PCI Ltd. vs. ACIT, ITAT-Delhi].
The Companies (Amendment) Bill 2014 was passed in Lok Sabha on December 17, 2014 and subsequently passed in Rajya Sabha on 13.05.2015 with some amendments.
SEBI has notified the SEBI (Prohibition of Insider Trading) Regulations, 2015 which will be effective from 15.05.2015.
GST Constitutional Amendment Bill sent to select panel of Rajya Sabha after the opposition insisted on its legislative scrutiny.
DGFT has prescribed visiting hours for non – officials / members of trade for meetings with the officials at DGFT HQ between 3 pm to 5 pm each working day.