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  • Latest NICAI Notification:

    Unit can avail excise duty exemption under Notification 1/2010-CE of 06-02-2010 in second substantial expansion if it satisfies conditions. [CBEC Circular of 03-01-2014].

    Permission to companies for issue of non-convertible/redeemable bonus preference shares or debentures to non-residents from general reserves. [RBI Circular 84 of 06-01-2014].

    Whether penalty levied u/s 271AAA on members of AOP is rightly deleted by tribunal in a case where income initially disclosed and declared in the hands of AOP is subsequently disclosed in the individual hands of members forming AOP is correct. [Commissioner of Income Tax Vs Virendara Kumar Gupta, Income Tax Appeal No. 563/2013, 22-11-2013, High Court of Delhi].
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