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Updates of the Day

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1. CBDT has directed that Add Commissioner and Joint Commissioner of Income-tax shall perform the functions of AO under the Black Money Act, 2015.

 2. Addition cannot be made if no statement is recorded at the time of search. [Delhi ITAT: Smt. Rutu Jindal vs. ACIT]

 3. The finance ministry is in touch with the Empowered Committee of state finance ministers and state government to get the key legislations passed on GST by Sept 15.

 4. Date of service of order to be excluded while calculating time limit to file appeal. [Honorable Allahabad High Court: Rotomac Global (P.) Ltd. vs. CCE.]

 5. SEBI notifies norms for listing of start-ups on Institutional trading platform through the SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2015.

 6. ICAI takes back its decision on mechanism to monitor tendering in the council at its 345th meeting held from 14th to 16th August, 2015.

 7. WTO committee of ICAI is organising conclave on Harnessing Global Opportunities, speakers from World Bank/ UAE/ South Africa on 2 Sept, 2015 at Hotel Shangri-la, Delhi, Fee 800.

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