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Bombay High Court Dismisses Writ Filed

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  • Bombay High Court Dismisses Writ Filed

    DVAT Dept to adopt soft approach against non-filing of T-2 till 30-04-2014. Source Navbahrat Times, New Delhi dated 15-04-2014.

    Automatic renewal of deposit at CBS Post Office from date of maturity for same period [PO Time Deposit (Amendment) Rules, 2014 w.e.f 13-03-2014].

    Bombay High Court dismisses writ filed by Indian Hotels and Restaurant Association, upholds validity of service tax levy on air-conditioned restaurants serving liquor u/s 65(105)(zzzzv) of Finance Act;

    Both the Companies Act, 1956 and Companies Act, 2013 requires companies to maintain register and index of members, register and index of debenture holders, but the 2013 Act requires companies to maintain register and index of other securities also.

    Contribution made by assessee/employer towards benevolent fund created in favour of employee is entitled to deduction under section 40A(9) [Case: Commissioner of Income Tax Vs. Motor Industries Co. Ltd., ITA No. 756 OF 2007, Date of Order: 14.02.2014, High Court of Karnataka].
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