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Old 12-13-2016, 11:15 PM
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megri megri is offline
Join Date: Dec 2004
Location: Chandigarh India
Posts: 1,396
Default Few Taxation News in Dec 2017

  • Reopening u/s 147 of the assessment is not valid if the reasons recorded are incoherent and do not indicate what the basis for reopening is - Delhi High Court in Sabharwal Properties Ind Pvt. Ltd vs. ITO.
  • Senior IRS officer Rajendra Kumar appointed as the new member of the CBDT, the policy making body for the Income Tax Department.
  • Non disposal of an application for registration before the expiry of six months as provided u/s 12AA (2) results in deemed grant of registration -Supreme Court in CIT vs. Society for the promotion of education.
  • Govt. Of India issued report on Companies Amendment Bill, 2016.
  • MCA has notified the Companies (Transfer of Pending Proceedings) Rules, 2016 which shall come into force w.e.f 15th December, 2016 except rule 4, which shall come into force from 1st April, 2017.

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