{"id":800,"date":"2015-12-19T12:09:12","date_gmt":"2015-12-19T12:09:12","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=800"},"modified":"2021-11-23T14:52:52","modified_gmt":"2021-11-23T09:22:52","slug":"corporate-and-professional-update-december-13-2015","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-update-december-13-2015\/","title":{"rendered":"CORPORATE AND PROFESSIONAL UPDATE DECEMBER 13, 2015"},"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-69d8c81e7ff54\" 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-69d8c81e7ff54\"  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-december-13-2015\/#CORPORATE_AND_PROFESSIONAL_UPDATE_DECEMBER_13_2015\" title=\"CORPORATE AND PROFESSIONAL UPDATE DECEMBER 13, 2015\u00a0\">CORPORATE AND PROFESSIONAL UPDATE DECEMBER 13, 2015\u00a0<\/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-december-13-2015\/#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-3\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-december-13-2015\/#MRTP_ACT\" title=\"MRTP ACT\">MRTP 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-december-13-2015\/#SERVICE_TAX\" title=\"SERVICE TAX\">SERVICE TAX<\/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-december-13-2015\/#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-6\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-december-13-2015\/#CUSTOMS_ACT\" title=\"CUSTOMS ACT\u00a0\u00a0\u00a0\u00a0 \">CUSTOMS ACT\u00a0\u00a0\u00a0\u00a0 <\/a><\/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-december-13-2015\/#CENVAT_CREDIT_RULES\" title=\"CENVAT CREDIT RULES\">CENVAT CREDIT RULES<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-december-13-2015\/#STATUTES\" title=\"STATUTES\">STATUTES<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/12\/30.png\" rel=\"attachment wp-att-1543\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1543\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/12\/30-300x158.png\" alt=\"30\" width=\"771\" height=\"406\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/12\/30-300x158.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/12\/30-768x403.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/12\/30.png 849w\" sizes=\"(max-width: 771px) 100vw, 771px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"CORPORATE_AND_PROFESSIONAL_UPDATE_DECEMBER_13_2015\"><\/span><span style=\"color: #3366ff;\"><strong>CORPORATE AND PROFESSIONAL UPDATE DECEMBER 13, 2015<\/strong><strong>\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 2(47)<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong><a href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-2-feb-2018\/\">CAPITAL GAINS<\/a> &#8211; TRANSFER<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #ff6600;\">Immovable property :<\/span>\u00a0<\/strong>Where assessee was directed to handover possession of its property to revenue, in absence of written contract between assessee and State regarding quantification of consideration to be paid by assessee it could not be held that there was a transfer in terms of section 2(47)(v) &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 64\u00a012 (Hyderabad \u2013 Trib)<\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 9<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>INCOME &#8211; DEEMED TO ACCRUE OR ARISE IN INDIA<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #ff6600;\">Business Profit\/Commission :<\/span>\u00a0<\/strong>Assessee was not liable to deduct tax at source whenn\u00a0<a href=\"https:\/\/carajput.com\/blog\/tag\/liability-to-pay-tax-for-non-resident\/\">non-residet selling agents provided services outside India on payment of commission &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 64\u00a018 (Chennai &#8211; Trib.)<\/em><\/span><\/a><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 12A<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>CHARITABLE OR RELIGIOUS TRUST &#8211; REGISTRATION OF<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #ff6600;\">Cancellation of<\/span> :\u00a0<\/strong>SLP granted against High Court&#8217;s order wherein it was held that merely because receipts from commercial activities of assessee-trust were more when compared to overall receipts from charitable activities, registration of assessee-trust could not be cancelled &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 63\u00a0325 (SC)<\/em><\/span><\/p>\n<p>Read our articles: \u00a0<a href=\"https:\/\/carajput.com\/blog\/relevant-parts-of-the-honorable-fm-press-conference\/\">Top Taxation Relaxation to MSMS<\/a><\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/international-taxation\/\">Highlights of International Taxation<\/a><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 37(1)<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>BUSINESS EXPENDITURE &#8211; ALLOWABILITY OF<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #ff6600;\">Interest expenditure :<\/span>\u00a0<\/strong>Merely because there was some cash balance in hands of assessee, Assessing Officer could not disallow interest on belated payment of purchases made by assessee &#8211;<span style=\"color: #3366ff;\">\u00a0<em>[2015] 63\u00a0370 (Ahmedabad \u2013 Trib)<\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 80HHC<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>DEDUCTION &#8211; EXPORTERS<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #ff6600;\">Reassessment :<\/span>\u00a0<\/strong>SLP granted against High Court&#8217;s ruling that where reassessment made in view of retrospective amendment of section 80HHC(3) was accepted by assessee and had attained finality, same could not be challenged in view of a later judgment holding such amendment arbitrary to extent of its retrospectively &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 63\u00a0328 (SC)<\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 145<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>METHOD OF ACCOUNTING &#8211; ESTIMATION OF INCOME<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>Gross profit rate :\u00a0<\/strong><\/span>Unless defect is pointed out in books of assessee, no addition could be made by Assessing Officer &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 63\u00a0370 (Ahmedabad &#8211; Trib.)<\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 194J<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>DEDUCTION OF TAX AT SOURCE &#8211; FEE FOR TECHNICAL OR PROFESSIONAL SERVICES<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #ff6600;\">Payments to doctors :<\/span>\u00a0<\/strong>Where assessee, running a hospital, availed services of some doctors, since there did not exist employer-employee relationship between parties, assessee was justified in deducting tax at source under section 194J while making payments of professional fee to doctors &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 63\u00a0362 (Punjab &amp; Haryana)<\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 253<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>APPELLATE TRIBUNAL \u2013 APPEALS TO<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">The Tribunal can exercise its discretion to accept the memorandum of appeal even if same is deficient in enclosures but not when appeal is not accompanied by fee &#8211;<span style=\"color: #3366ff;\">\u00a0<em>[2015] 64\u00a095 (Hyderabad \u2013 Trib.)<\/em><\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"COMPANIES_ACT\"><\/span><a href=\"https:\/\/CORPORATE AND PROFESSIONAL UPDATE DECEMBER 13, 2015\"><span style=\"text-decoration: underline;\"><strong>COMPANIES ACT<\/strong><\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 25<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>CHARITABLE COMPANIES<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Delhi HC orders 5 Top Office-bearers of Congress Party to face criminal proceedings for forming and misusing a section 25 company as SPV for clandestine acquisition of 99% stake in Old defunct real-estate rich newspaper publication company (AJL) and for misappropriating funds of Congress Party for the purpose &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 64117 (Delhi)<\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 186<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>MEETINGS AND PROCEEDINGS &#8211; POWER OF TRIBUNAL TO ORDER MEETING TO BE CALLED<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">A civil suit filed against removal of directors was maintainable when proceedings before CLB were not maintainable as appellants lacked voting rights &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 64\u00a0116 (Gujarat)<\/em><\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"MRTP_ACT\"><\/span><span style=\"text-decoration: underline;\"><strong>MRTP ACT<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 36A<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>PROHIBITION OF ABUSE OF DOMINANT POSITION \u2013DEFINITION OF<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Where respondents had not made any misrepresentation about quality and suitability of their product or otherwise induced complainant to purchase their product, they could not be held to be guilty of unfair trade practice under section 36A &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 63\u00a0371 (CAT &#8211; New Delhi)<\/em><em>\u00a0<\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 36A<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>PROHIBITION OF ABUSE OF DOMINANT POSITION \u2013DEFINITION OF<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Where respondents had not made any misrepresentation about quality and suitability of their product or otherwise induced complainant to purchase their product, they could not be held to be guilty of unfair trade practice under section 36A &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 63\u00a0371 (CAT &#8211; New Delhi)<\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 36B<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>PROHIBITION OF ABUSE OF DOMINANT POSITION<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Complaint made by a person who is not a consumer or a trade association cannot be made basis for making an inquiry under section 36B &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 63\u00a0371 (CAT &#8211; New Delhi)<\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><strong>PREVENTION OF MONEY LAUNDERING ACT, 2002<\/strong><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 5<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>ATTACHMENT OF PROPERTY INVOLVED IN MONEY LAUNDERING<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">There is no restriction in respect of person in possession of proceeds of crime. Section 5 of Money Laundering Act does not restrict that property in hands of persons involved in Money Laundering alone can be attached pending confiscation. Thus, provisional attachment of property is not restricted in hands of accused persons alone &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 64\u00a096 (Madras)<\/em><\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"SERVICE_TAX\"><\/span><span style=\"text-decoration: underline;\"><strong>SERVICE TAX<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 65(68)<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>TAXABLE SERVICES &#8211; MANPOWER RECRUITMENT OR SUPPLY AGENCY&#8217;S SERVICES<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Where assessee had leased its factory under compromise scheme, then, sums received from lessee towards reimbursement of salary payable to employees working in factory, could not be regarded as &#8216;manpower supply services&#8217; to lessee and was, therefore, not liable to service tax &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 63\u00a0358 (Mumbai \u2013 CESTAT)<\/em><\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CENTRAL_EXCISE_ACT\"><\/span><span style=\"text-decoration: underline;\"><strong>CENTRAL EXCISE ACT<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 35F<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>APPEALS &#8211; DEPOSIT OF CERTAIN PERCENTAGE OF DUTY\/TAX DEMANDED OR PENALTY IMPOSED BEFORE FILING APPEAL<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Where department has challenged validity of utilization of credit balance for payment of duty, 7.5 per cent pre-deposit as a condition for filing appeal has to be made separately and &#8216;disputed utilization&#8217; of credit cannot be regarded as sufficient pre-deposit for purpose of section 35F &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 64\u00a07 (Mumbai \u2013 CESTAT)<\/em><\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CUSTOMS_ACT\"><\/span><strong><span style=\"text-decoration: underline;\">CUSTOMS ACT\u00a0\u00a0\u00a0\u00a0<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>SECTION 14<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>VALUATION OF IMPORTED GOODS &#8211; TRANSACTION VALUE &#8211; IDENTICAL\/SIMILAR GOODS<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Where revenue had submitted that goods in Chart D were identical to goods in Charts A and B and taken value of goods in Charts A and B as basis for valuation, Tribunal was right in remanding matter back for verification whether goods in Chart D were identical to goods in Charts A and B &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 63\u00a0357 (SC)<\/em><\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CENVAT_CREDIT_RULES\"><\/span><strong>CENVAT CREDIT RULES<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\">RULE 2(k)<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>CENVAT CREDIT &#8211; INPUT<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Since CENVAT Scheme is a beneficial legislation, &#8216;input&#8217; should be given widest meaning to cover &#8216;anything put into stream of manufacture&#8217;; therefore, inputs used for manufacture of capital goods viz. &#8216;moulds&#8217; are eligible for credit &#8211;\u00a0<span style=\"color: #3366ff;\"><em>[2015] 63\u00a0360 (New Delhi \u2013 CESTAT)<\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\">RULE 2(l)<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800080;\"><strong>CENVAT CREDIT &#8211; INPUT SERVICE<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Where assessee-broker had passed-on brokerage to sub-brokers at rates higher than rate earned by itself and even goods involved were not tallied, sub-broker&#8217;s services could not be regarded as &#8216;input services&#8217;. &#8211; <span style=\"color: #3366ff;\">[2015] 63355 (New Delhi \u2013 CESTAT)<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"STATUTES\"><\/span><span style=\"text-decoration: underline; color: #800080;\"><strong>STATUTES<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>DIRECT TAX LAWS<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Section 119 of the Income-tax Act, 1961 &#8211; Income-tax Authorities &#8211; Instructions to Subordinate Authorities &#8211; Extension of due date for deposit of Tax Deducted at Source and Tax Collected at Source for State of Tamil Nadu &#8211;\u00a0<span style=\"color: #3366ff;\"><em>PRESS RELEASE, DATED 7-12-2015<\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>CORPORATE LAWS<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Discussion Paper on Convergence to Ind-AS in Insurance Sector &#8211;\u00a0<span style=\"color: #3366ff;\"><em>PRESS RELEASE, DATED 7-12-2015<\/em><\/span><\/p>\n<p style=\"text-align: justify;\">Guidelines on insurance claims for losses due to flood in State of Tamil Nadu, Puducherry and Neighboring Districts of Andhra Pradesh &#8211;\u00a0<span style=\"color: #3366ff;\"><em>CIRCULAR NO.IRDA\/NL\/RI\/MISC\/15-16\/37, DATED 7-12-2015<\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #339966;\"><strong>INDIRECT TAX LAWS (ST.\/EX.\/CUS. &amp; (CST &amp; VAT)<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Jurisdictions of Principal Chief Commissioner, Chief Commissioner, Principal Commissioner and Commissioner \u2013 Amendment in Notification No.27\/2014-C.E. (N.T.), Dated 16-9-2014 &#8211;\u00a0<span style=\"color: #3366ff;\"><em>NOTIFICATION NO.24\/2015-C.E. (N.T.), DATED 7-12-2015<\/em><\/span><\/p>\n<p style=\"text-align: justify;\">Extension of date for filing of Central Excise Return and payment of Central Excise duty and Service tax &#8211;\u00a0<span style=\"color: #3366ff;\"><em>PRESS RELEASE, DATED 5-12-2015<\/em><\/span><\/p>\n<p style=\"text-align: justify;\">The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances; Hope the information will assist you in your Professional\u00a0endeavors. For query or help, contact:\u00a0<a href=\"mailto:singh@carajput.com\">singh@carajput.com<\/a>\u00a0or call at 9555555480<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CORPORATE AND PROFESSIONAL UPDATE DECEMBER 13, 2015\u00a0 &nbsp; SECTION 2(47) CAPITAL GAINS &#8211; TRANSFER Immovable property :\u00a0Where assessee was directed to handover possession of its property to revenue, in absence of written contract between assessee and State regarding quantification of consideration to be paid by assessee it could not be held that there was a &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,150,172,9],"tags":[2716,3877,1310,3876],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/800"}],"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=800"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/800\/revisions"}],"predecessor-version":[{"id":19223,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/800\/revisions\/19223"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}