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1.NIRC of ICAI is organizing two days workshop on AS, IND AS & IFRS on 18 and 19 May 2016 from 5PM to 8.30 PM (followed by dinner) at ICAI Bhawan (Audi), Vishwas Nagar, Delhi.
2.Sale value u/s. 50C is to be adopted for deduction u/s. 54F. [ITO vs. Mr. Kondal Reddy Mandal Reddy (ITAT Hyderabad)].
3.Notional consideration u/s. 50C eligible for deduction u/s. 54F. [ Gouli Mahadevappa vs. ITO (Karnataka HC)].
4.HC directs Chief CIT to streamline appeal filing procedure. [The CIT vs. TCL India Holdings Pvt. Ltd. (Bombay HC)].
5.MCA extended waiver of additional fees till 10.06.2016 for all forms with due date of filing between 25.03.2016 to 31.05.2016. Circular No. 06/2016 dated 16.05.2016.
6.Extension to 23.05.16 of last date to file DVAT-16, DVAT-17 & DVAT-48 for Q4 of 2015-16. Circular No. 5 of 2016-17.

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