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1.Mobilization expenses to move asset to client premises allowable as revenue expenses. [DewanChand Ramsaran industries Pvt. Ltd. vs. ACIT (ITAT Mumbai)].
2.No penalty for non deduction of tax based on CA certificate. [Smt. Aishwarya Rai Bachchan vs. Additional Commissioner of Income tax (ITAT Mumbai)].
3.TDS not deductible on tips collected by hotels and paid to staff [ITC Ltd. Gurgaon vs. Commissioner of Income Tax (TDS) {SC}].
4.MCA has issued general circular no. 04/2016 dated 27th April 2016: amended AS should be used for preparation of accounts for accounting periods commencing on or after the date of notification.
5.Delhi VAT extended online return filing due date till 16/05/2016 for Q4 15-16 vide circular no: 02 dated 28th April.


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