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Showing posts from June 11, 2016 News... News...
1. S. 80IC: 100% deduction allowed on every substantial expansion via {M/s Tirupati LPG Industries Ltd. vs. JCIT (ITAT Delhi)}
2. ITAT allows assessee’s appeal for AYs 2003-04, 2004-05, deletes disallowance of incentives paid to its sister concern u/s 40A(2) via (Mumbai Vs. ICICI Securities Ltd)
3. Relaxation of MCA additional fees and extension of time for filling of E-Forms via Circular no. :- 07/2016.
4. CBEC has issued a form of application for a licence under Public Warehousing Licensing Regulations, 2016 / Private Warehousing Regulations, 2016 / Special Warehousing Regulations, 2016 vide Circular No. 26/2016 dated 09/06/2016.
5. CA professional providing accommodation entries, defrauding revenue, deserves to be debarred from practice for life time – {ICAI Vs Vivek Kapoor & Others (Punjab & Haryana High Court)}