S. 14A Rule 8D: Read Latest Supreme Court Judgement In MAXOPP INVESTMENT

The law on section 14A and Rule 8D have been explained in the latest Supreme Court judgement in MAXOPP INVESTMENT LTD VERSUS COMMISSIONER OF INCOME TAX. The judgement of the Supreme Court is dated 12th February 2018. The bench comprised of Justice A.K. SIKRI) and Justice ASHOK BHUSHAN. The Supreme Court held that the issue Read More …

Latest Supreme Court Judgement On Mutuality Principle For Co-op Hsg Societies

In the latest judgement dated 12th March 2018 in INCOME TAX OFFICER VERSUS VENKATESH PREMISES COOPERATIVE SOCIETY LTD the Supreme Court has considered whether certain receipts by co­operative societies, from its members i.e. non­occupancy charges, transfer charges, common amenity fund charges and certain other charges, are exempt from income tax based on the doctrine of Read More …

Supreme Court judgement in Danamma vs. Amar On HUF Rights Of Daughters

In DANAMMA @ SUMAN SURPUR VERSUS AMAR, the Supreme Court has decided the issue whether married daughters can be said to be the coparceners in the Hindu Undivided Family (HUF) as they were born prior to the enactment of Hindu Succession Act, 1956. In the Supreme Court has held that a fundamental change has been Read More …

Deadline for linking Aadhaar Extended By Supreme Court

The Supreme Court passed an order on 13th March 2018 extended the deadline for linking Aadhaar cards to services, such as bank accounts and mobile phone connections, from March 31 till it decides on petitions challenging the Constitutional validity of The Aadhaar (Targeted Delivery of Financial and other Subsidies, Benefits and Services) Act, 2016. This Read More …

Supreme Court Judgement On Service Tax Law

In the latest Supreme Court judgement in UOI vs. Intercontinental Consultants and Technocrats Pvt. Ltd Civil Appeal No. 2013 of 2014 the assesseess were rendering services in the following four categories:

(a) Consulting engineering services.
(b) Share transfer agency services.
(c) Custom house agent services covered by the head ‘clearing and forwarding agent’.

(d) The site formation and clearances, excavation and earth moving and demolition services Read More …

CBDT Office Memorandum On Decentralization Of Cases Under Insolvency & Bankruptcy Code 2016

The CBDT has issued an Office Memorandum with regard to cases under Insolvency & Bankruptcy Code 2016. The OM harmonizes the guidelines under the OM dated. 16.01.2018 with Circular No. 5/2009 dated 02.07.2009 of CBDT Read More …