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Updates Of the Day.......

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Updates Of the Day
1.Delhi VAT authorities have extended the last date of filing of online return for 1st and 2nd quarter of 2015-16 for assessee engaged in the business of e-commerce to 16.11.2015.
2.Modification of Import Export Code (IEC) to be online only from 21.09.2015. NOTICE NO. 36/2015-20, Dated: September 14, 2015.
3.Rebate of Excise duty admissible on both inputs and final products. [Supreme Court: Spentex Industries Ltd. vs CCE]
4.TDS non-deduction notification has an automatic effect and deductor is not under an obligation to specifically apply for claiming it.[HP High Court : CIT vs. State Bank of Patiala]
5.ITAT can consider the plea not raised before CIT (A) u/s 254 of the Income Tax Act. [Delhi High Court : Fast Booking (I) Pvt. Ltd. vs. DCIT]
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