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www.caonline.in News...
1. NIRC of ICAI is organizing Seminar on Audit Planning, Audit Working Papers, Pre Audit Study, Checklist for Audit, ROC Compliances, Audit Report & Tax Audit on 26th and 27th Aug 2016 at NDMC Convention Centre, Parliament Street, Delhi www.nircseminars.org
2. Consistent treatment made by assessee of share transactions cannot be disturbed by revenue. [The DCIT Circle-2 Vs Shri Mahender Kumar Bader (ITAT Jaipur)].
3. The Factories (Amendment) Bill, 2016 has been passed in Lok Sabha. Now the overtime work hour, under Section 64, has been doubled from 50 to 100 hr in a quarter and to 125 hours under special circumstances.
4. The petition alleging oppression on the ground of illegal allotment of shares without any basic resolution merits acceptance. [Ashok manchanda vs. Riviera bag manufacturing limited CLB, Delhi].
5. Bihar state legislature pass GST Bill in special one-day session, it become second state after Assam to pass it.
6. Form 3 under Income Declaration Scheme revised by CBDT. The Income Declaration Scheme (2nd Amendment) Rules, 2016 dated. 12.8.2016.

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