- Time period u/s 139 to comply with provisions of rotation, changed to 1st AGM held after 3yrs from commencement of Companies Act, 2013. Removal of Difficulties 3rd Order, 2016.
- Form MR-1 (Return of Appointment) not required to be filed for CEO, CS, and CFO w.e.f. 30.06.16. Companies (Appt. & Remuneration of Managerial Personnel) Amendment Rules, 2016.]
- Voluntary CSR Expense allowable as business expenditure. [ACIT vs. Jindal Power Limited (ITAT Raipur)].
- Conflicting views of non-jurisdiction High Courts- Follow one in favour of Assessee. [R K P Company vs. ITO (ITAT Raipur)].
- Canteen, Housekeeping and cleaning service- CENVAT credit allowed. [M/S.Tata Steel Ltd. Vs. Commissioner Of Central Excise & Service Tax, Jamshedur (Cestat Kolkata)]
Tuesday, 5 July 2016
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