{"id":1377,"date":"2016-01-14T12:21:24","date_gmt":"2016-01-14T06:51:24","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=1377"},"modified":"2024-05-13T18:58:13","modified_gmt":"2024-05-13T13:28:13","slug":"corporate-and-professional-update-january-12-2016","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/","title":{"rendered":"CORPORATE AND PROFESSIONAL UPDATE JANUARY 04, 2016"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d024295e1d9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d024295e1d9\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#CORPORATE_AND_PROFESSIONAL_UPDATE_JANUARY_04_2016\" title=\"CORPORATE AND PROFESSIONAL UPDATE JANUARY 04, 2016\">CORPORATE AND PROFESSIONAL UPDATE JANUARY 04, 2016<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#INCOME_TAX_ACT\" title=\"INCOME TAX ACT\">INCOME TAX ACT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#COMPANIES_ACT\" title=\"COMPANIES ACT\">COMPANIES ACT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#CENTRAL_EXCISE_ACT\" title=\"CENTRAL EXCISE ACT\">CENTRAL EXCISE ACT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#CENVAT_CREDIT_RULES\" title=\"CENVAT CREDIT RULES\">CENVAT CREDIT RULES<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#STATUTES\" title=\"STATUTES\">STATUTES<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#Basic_formulas_in_Excel_include_arithmetic_operations_like_addition_subtraction_multiplication_and_division\" title=\"Basic\u00a0formulas\u00a0in\u00a0Excel include arithmetic operations like addition, subtraction, multiplication, and division\">Basic\u00a0formulas\u00a0in\u00a0Excel include arithmetic operations like addition, subtraction, multiplication, and division<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#Effect_of_GST_on_Advertisement_and_Cinema_Industry\" title=\"Effect of GST on Advertisement and Cinema Industry\">Effect of GST on Advertisement and Cinema Industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#GST_Impact_on_Import_and_Export\" title=\"GST Impact on Import and Export\u00a0\">GST Impact on Import and Export\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#_GST_Impact_on_Real_Estate\" title=\"\u00a0GST Impact on Real Estate\u00a0\">\u00a0GST Impact on Real Estate\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#Interim_Chief_Financial_Officer_CFO_Services_in_India\" title=\"Interim Chief Financial Officer (CFO) Services in India\">Interim Chief Financial Officer (CFO) Services in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#Full-time_CFO_service_in_India\" title=\"Full-time CFO service in India\">Full-time CFO service in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#Nuts_and_bolts_of_a_virtual_CFO_engagement\" title=\"Nuts and bolts of a virtual CFO engagement\">Nuts and bolts of a virtual CFO engagement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#upgrade_your_business_redesign_your_finance_mechanism\" title=\"upgrade your business redesign your finance mechanism\">upgrade your business redesign your finance mechanism<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-january-12-2016\/#CFO_Service_for_Small_Business\" title=\"CFO Service for Small Business\">CFO Service for Small Business<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/01\/Untitled213.png\" rel=\"attachment wp-att-1486\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1486\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/01\/Untitled213-300x160.png\" alt=\"Untitled213\" width=\"602\" height=\"321\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/01\/Untitled213-300x160.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/01\/Untitled213.png 528w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"CORPORATE_AND_PROFESSIONAL_UPDATE_JANUARY_04_2016\"><\/span><span style=\"color: #000080;\">CORPORATE AND PROFESSIONAL UPDATE JANUARY 04, 2016<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"INCOME_TAX_ACT\"><\/span><a href=\"https:\/\/www.caindelhiindia.com\/blog\/implication-of-cash-transaction-under-income-tax-act\/\"><span style=\"color: #0000ff;\"><strong>INCOME TAX ACT<\/strong><\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>SECTION 69<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #00ccff;\"><strong>UNEXPLAINED INVESTMENTS<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #800000;\">Purchase of property :<\/span>\u00a0<\/strong>Where Tribunal after a detailed examination of documents had arrived at conclusion that assessee-firm failed to explain source of amount paid for purchase of property, same was rightly held as unexplained investment.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>SECTION 92C<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #00ccff;\"><strong>TRANSFER PRICING &#8211; COMPUTATION OF ARM\u2019S LENGTH PRICE<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #800000;\">Comparables and adjustments\/Adjustments \u2013 General :<\/span>\u00a0<\/strong>Payment making good foreign exchanges losses in hands of AE due to unexplained delay in payment could not be considered as payment for management and consultancy services<\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #800000;\">Comparables and adjustments :<\/span>\u00a0<\/strong>Where comparables had debtors, inventories and creditors, while assessee was not having any debtors and was entirely funded by advance received from AE against supplies, then in order to bring parity between results of selected comparables and that of assessee, it was essential that adjustment for working capital was made on results of such comparables<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>SECTION 158BA<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #00ccff;\"><strong>BLOCK ASSESSMENT IN SEARCH CASES &#8211; ASSESSMENT OF UNDISCLOSED INCOME<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #800000;\">Two set of books of account :<\/span>\u00a0<\/strong>Where document said to be maintained by assessee for invoking section 158BA(3) was very vague, without having details of dates and proof of transaction with parties except parties names and amount, this document would not be considered as &#8216;other documents&#8217; maintained in normal course to exclude relevant amount from block period<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>SECTION 206AA<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #00ccff;\"><strong>DEDUCTION OF TAX AT SOURCE &#8211; REQUIREMENT TO FURNISH PERMANENT ACCOUNT NUMBER<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800000;\"><strong>Correction of PAN entries :\u00a0<\/strong><\/span>System of processing TDS statements gives an option to assessee-deductor to correct invalid\/No PAN entries in TDS statement through a correction statement without any restriction of correcting particular PAN with regard to number of characters<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>SECTION 221<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #00ccff;\"><strong>COLLECTION AND RECOVERY OF TAX &#8211; PENALTY PAYABLE WHEN TAX IN DEFAULT<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #800000;\">Defective notice :<\/span>\u00a0<\/strong>Where notice for initiation of penalty proceedings against assessee had not been issued under section 221 and penalty order had also not been passed under section 221 but under section 140A(3), this mistake was not covered under umbrella of provisions of section 292B<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>SECTIONS 234A<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #00ccff;\">ADVANCE TAX &#8211; INTEREST, CHARGEABLE AS<\/span><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #800000;\">Rectification :<\/span>\u00a0<\/strong>Where rectification order was passed in respect of short levy of interest under sections 234A and 234B but she was never given opportunity to file her objections, said order, being in violation of principles of natural justice, was to be set aside<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"COMPANIES_ACT\"><\/span><span style=\"color: #0000ff;\"><strong>COMPANIES ACT<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>SECTION 433<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #00ccff;\"><strong>WINDING UP &#8211; CIRCUMSTANCES IN WHICH COMPANY MAY BE WOUND UP<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Where company had raised a bonafide dispute in respect of debt alleging failure of winding up petitioner, a travel agent, to secure visa for company&#8217;s Managing Director, no order for winding up could be passed against company<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CENTRAL_EXCISE_ACT\"><\/span><span style=\"color: #0000ff;\"><strong>CENTRAL EXCISE ACT<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>SECTION 35G<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #00ccff;\"><strong>APPEALS &#8211; CONDONATION OF DELAY &#8211; HIGH COURT<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">In case of delay in filing of appeal by department, condonation of delay application must be signed by department&#8217;s officials and signing of said application\/affidavit by clerk of department&#8217;s counsel is highly condemnable<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CENVAT_CREDIT_RULES\"><\/span><span style=\"color: #0000ff;\"><strong>CENVAT CREDIT RULES<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>RULE 2(a)<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #00ccff;\"><strong>CENVAT CREDIT &#8211; CAPITAL GOODS<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Where applicant gas transporter will engage a contractor to lay pipelines and contractor will procure pipes and valves from the manufacturer who will issue an invoice to contractor showing the applicant as consignee and pipes will be delivered directly at applicant&#8217;s work-site, the applicant can avail cenvat credit on pipes and valves on basis of the invoice issued by contractor if a contractor is a registered dealer<\/p>\n<h4 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"STATUTES\"><\/span><span style=\"color: #0000ff;\"><strong>STATUTES<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>DIRECT TAX LAWS<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Section 197, read with sections 195, 206C, of the Income-tax Act, 1961 &#8211; Deduction of Tax at Source \u2013 Certificate for deduction at lower rate \u2013 Advisory for deductors<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>CORPORATE LAWS<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Section 458, read with section 208, of the Companies Act, 2013 &#8211; Delegation by Central Government of its powers and functions &#8211; Delegation of powers to specified Regional Directors under section 208\u00a0Online System for Registration\/Renewal of Broking Licenses &#8211;<\/p>\n<p style=\"text-align: justify;\">Investment by Gold ETFs in Gold Monetisation Scheme of Banks<\/p>\n<p style=\"text-align: justify;\">Procedure for ensuring Compliance with Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 (SECC Regulations) by listed Stock Exchanges<\/p>\n<p style=\"text-align: justify;\">Extension of credit facilities to Overseas Step-Down subsidiaries of Indian Corporates<\/p>\n<p style=\"text-align: justify;\">Revised contents of Application-Cum-Bidding form and Manner of Disclosure<\/p>\n<p style=\"text-align: justify;\">Procedure to deal with cases prior to 1-4-2014 involving offer\/allotment of securities to more than 49 up to 200 investors in a Financial Year<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>INDIRECT TAX LAWS\u00a0<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Omnibus general exemption to goods specified in Chapters 1 to 98 of Tariff \u2013 Amendment in Notification No. 12\/2012-C.E., Dated 17-3-2012<\/p>\n<p style=\"text-align: justify;\">Cenvat Credit (Sixth Amendment) Rules, 2015 \u2013 Amendment in rule 9<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Basic_formulas_in_Excel_include_arithmetic_operations_like_addition_subtraction_multiplication_and_division\"><\/span><span style=\"color: #000080;\"><strong>Basic\u00a0<em>formulas<\/em>\u00a0in\u00a0<em>Excel<\/em> include arithmetic operations like addition, subtraction, multiplication, and division<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26609\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/01\/Excel.jpg\" alt=\"Basic formulas in Excel include arithmetic operations like addition, subtraction, multiplication, and division\" width=\"1104\" height=\"1280\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/01\/Excel.jpg 1104w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/01\/Excel-259x300.jpg 259w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/01\/Excel-883x1024.jpg 883w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/01\/Excel-768x890.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/01\/Excel-800x928.jpg 800w\" sizes=\"(max-width: 1104px) 100vw, 1104px\" \/><\/p>\n<p>more updates for related blogs are:<\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Effect_of_GST_on_Advertisement_and_Cinema_Industry\"><\/span><strong><a href=\"https:\/\/carajput.com\/publications\/effect-of-gst-on-advertising-and-cinema-induatry.pdf\">Effect of GST on Advertisement and Cinema Industry<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"GST_Impact_on_Import_and_Export\"><\/span><strong><a href=\"https:\/\/carajput.com\/publications\/gst-impact-on-import-and-exports.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/publications\/gst-impact-on-import-and-exports.pdf\">GST Impact on Import and Export\u00a0<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"_GST_Impact_on_Real_Estate\"><\/span><strong><a href=\"https:\/\/carajput.com\/blog\/gst-impact-on-real-estate\/\" data-cke-saved-href=\"https:\/\/carajput.com\/blog\/gst-impact-on-real-estate\/\">\u00a0GST Impact on Real Estate\u00a0<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Interim_Chief_Financial_Officer_CFO_Services_in_India\"><\/span><a href=\"https:\/\/carajput.com\/learn\/interim-chief-financial-officer-cfo-services-in-india.html\">Interim Chief Financial Officer (CFO) Services in India<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Full-time_CFO_service_in_India\"><\/span><a href=\"https:\/\/carajput.com\/learn\/fulltime-cfo-service-in-india.html\">Full-time CFO service in India<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Nuts_and_bolts_of_a_virtual_CFO_engagement\"><\/span><a href=\"https:\/\/carajput.com\/learn\/the-nuts-and-bolts-of-a-virtual-cfo-engagement.html\">Nuts and bolts of a virtual CFO engagement<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"upgrade_your_business_redesign_your_finance_mechanism\"><\/span><a href=\"https:\/\/carajput.com\/blog\/upgrade-your-business-redesign-your-finance-mechanism-to-globally-acknowledged-levels-and-become-a-truly-international-competitor\/\">upgrade your business redesign your finance mechanism<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"CFO_Service_for_Small_Business\"><\/span><a href=\"https:\/\/carajput.com\/blog\/cfo-service-for-small-business\/\">CFO Service for Small Business<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<h4 style=\"text-align: justify;\"><\/h4>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>CORPORATE AND PROFESSIONAL UPDATE JANUARY 04, 2016 INCOME TAX ACT SECTION 69 UNEXPLAINED INVESTMENTS Purchase of property :\u00a0Where Tribunal after a detailed examination of documents had arrived at conclusion that assessee-firm failed to explain source of amount paid for purchase of property, same was rightly held as unexplained investment. SECTION 92C TRANSFER PRICING &#8211; COMPUTATION &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,43,172,9,4,12],"tags":[162,5,333,9038,322,9016],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/1377"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=1377"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/1377\/revisions"}],"predecessor-version":[{"id":26610,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/1377\/revisions\/26610"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=1377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=1377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=1377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}