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1.NIRC jointly with Vikas Marg CPE study circle is organizing seminar on taxation of real estate transactions and DVAT on 6th May 2016 from 5PM- 9PM at Crystal Banquets, near Nirman Vihar Metro Station, Delhi. Fees: Rs.500/-
2.Govt. notifies limit on sugar stock for dealers: [F. No. 1[6]/2016-SP-I] Dated: 29th April, 2016.
3.In absence of contumacious conduct, penalty u/s. 271C not leviable. [ITO (TDS), vs. Pushpanjali Hospital and Research Centre Pvt. Ltd. (ITAT Agra)].
4.Tax on damages for breach of contract received by immovable property buyer. [Rajesh Mayor vs. ITO (ITAT Amritsar)].
5.Transactions having contingent impact on profit/ losses are not international transactions. [Siro Clinpharm Pvt. Ltd. vs. DCIT (ITAT Mumbai)].
6.No local VAT on goods purchased inter-state or in the course of import in works contracts. [Commissioner, DVAT vs. ABB Ltd. (SC)].


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