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Updates of the day...

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Updates Of the Day
1.MCA has granted relaxation of additional fees and extension of last data of filing of E-Forms AOC-4, AOC-4 XBRL and MGT-7 under the Companies Act, 2013 upto 30th November, 2015.
2.Extension to 16th November 2015 of last date to file DVAT-16, DVAT-17 and DVAT- 48 for Quarter-2 of 2015-16, circular number 27 of 2015-16.
3.The packaged, ready-made, off the shelf software are pure goods liable only to VAT. [High Court of Karnataka, Fin department of Karnataka vs IBM India Private Limited.]
4.Allegation against counsel of revenue prima facie constitutes criminal contempt of court. [Delhi High Court: CIT vs. M/s Escorts Ltd.]
5.Revenue not authorized to rewrite terms of agreement and adjudge commercial expediency. [Supreme Court: Mangalore Ganesh Beedi Works vs. CIT.]
6.A liaison office of a foreign company identifying suppliers and material is not a permanent establishment under Article 5 of India-USA DTAA. [Columbia Sportswear Company vs. DIT] (Karnataka High Court.)
7.Income tax department has launched an “E-Sahyog” pilot project to work in an e-environment and reduces the need for the taxpayer to physically appear before tax authorities.
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