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1.Interim stay order period is to be excluded for computing limitation period. [VLS Finance Ltd. and Anr. vs. Commissioner of IT and Anr. (SC)].
2.Registration u/s 12AA cannot be denied questioning profit motive. [ MS. Sree Anjaneya Medical Trust vs. CIT (Kerala HC)].
3.Lok Sabha passed the insolvency and bankruptcy code bill 2016 on 05.05.16, accepting all the amendments proposed by the joint committee of parliament.
4.No need to furnish details of invoice below Rs. 1000 in form GE-II returns of all 4 quarters for F.Y. 2015-16 to be filled by 16.05.2016 notification dated 06.05.16.
5.CBDT prescribes procedure for e-filing of form 15G/15H. Notification no. 7/2016 [F.NO.DGIT(S)/ADG(S)-2/TDS E-filing notification/110/2016 dated 4-5-2016].

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