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Registration u/s 12AA cannot be denied by invoking provisions of section 2(15) of the Income Tax Act. [Kapurthala Improvement Trust vs. CIT (ITAT Amritsar)].
If the ITAT accepts that a mistake has crept in the order, interests of justice is served if the entire order is recalled and appeal re-heard u/s 254(2). [Mumbai High Court in SBI vs. DCIT].
Penalty u/s 76 and 78 are not imposable when the service tax was wrongly collected by the person. [Ajay Kumar Gupta vs. CESTAT, High Court of Punjab and Haryana].
MCA has issued general Circular No. 09 dated 18.06.2015 w.r.t clarification on:-
Repayment of deposit accepted by the companies before the commencement of the Companies Act, 2013.
The CLB has been empowered to exercise the powers NCLT till its constitution. A depositor can file an application to CLB if company makes default in repayments of deposit.
The ROC is empowered to file prosecution against the company which fails to make repayment of deposit.
RBI has initially allowed ECB for low cost affordable housing projects by eligible borrowers for working capital as a permissible end-use, under the approval route, subject to the conditions stipulated in the Circular.
ICAI is organising International Conference on ‘Accountancy Profession Spearheading Excellence', from 7 – 9 August, 2015 at Brilliant Convention Centre, Indore.
If the ITAT accepts that a mistake has crept in the order, interests of justice is served if the entire order is recalled and appeal re-heard u/s 254(2). [Mumbai High Court in SBI vs. DCIT].
Penalty u/s 76 and 78 are not imposable when the service tax was wrongly collected by the person. [Ajay Kumar Gupta vs. CESTAT, High Court of Punjab and Haryana].
MCA has issued general Circular No. 09 dated 18.06.2015 w.r.t clarification on:-
Repayment of deposit accepted by the companies before the commencement of the Companies Act, 2013.
The CLB has been empowered to exercise the powers NCLT till its constitution. A depositor can file an application to CLB if company makes default in repayments of deposit.
The ROC is empowered to file prosecution against the company which fails to make repayment of deposit.
RBI has initially allowed ECB for low cost affordable housing projects by eligible borrowers for working capital as a permissible end-use, under the approval route, subject to the conditions stipulated in the Circular.
ICAI is organising International Conference on ‘Accountancy Profession Spearheading Excellence', from 7 – 9 August, 2015 at Brilliant Convention Centre, Indore.