Exemption u/s 10(23C)(vi) available only to approved educational institutions in existence: Ram Piyari Devi Charitable Trust Vs. DGIT, Delhi High Court.
AO cannot make adjustment to book profits certified by auditors to be computed as per prescribed accounting norms: DCIT vs. Garware Polyester Ltd. (ITAT Mumbai).
MCA has revised the Versions of Annual Filing Forms, eForms AOC – 4, MGT – 7 w.e.f 29th Oct, 2015 & Form 8 LLP is likely to be modified w.e.f 28th Oct 2015.
Benefit of exemption notification only for goods covered in notification & cannot be extended to similar goods: Supreme Court :Larsen & Toubro Limited v CCE.
No VAT is leviable on website selling goods via electronic mode. in the case of Flipkart, Kerela High Court quashed the demand on Flipkart on sales to customers within state.
ICAI solicits suggestions / Views on ITR Forms as Ministry of Finance, has constituted a Committee on ITR Forms to review the existing ITR Forms and suggest modifications.
Updates MCA ITR ICAI
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