This News Alert on a recent decision of the Bombay High Court in the case of Casby Logistics Private Limited, where it was held that the income tax authorities (ITA) were not be bound by the appointed date while deciding validity of revised returns, or while carrying out pending or future assessments of the petitioners. Also, the regional director was held entitled to raise tax-related objections in a scheme of amalgamation even though no objections were received from the ITA
Saturday 11 April 2015
Regional Director can raise income-tax related objections in merger scheme though tax authorities raised no objections; tax authorities not bound by appointed date fixed by scheme
This News Alert on a recent decision of the Bombay High Court in the case of Casby Logistics Private Limited, where it was held that the income tax authorities (ITA) were not be bound by the appointed date while deciding validity of revised returns, or while carrying out pending or future assessments of the petitioners. Also, the regional director was held entitled to raise tax-related objections in a scheme of amalgamation even though no objections were received from the ITA
Subscribe to:
Post Comments (Atom)
Department of Commerce issues clarification on newly inserted Rule 11B of SEZ Rules
This Tax Alert summarizes a recent instruction issued by the SEZ Division, Department of Commerce, clarifying various concerns relating t...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
LEASE-DEED (A brief Introduction) Lease defined. A lease of immovable property is a transfer of a right to enjoy such property, mad...
-
Introduction It's important for taxpayers to have a clear understanding of the available allowances and deductions, as they can grea...
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
· Mumbai ITAT in the case of Mukesh Harilal Mehta held that Exemption U/S 54 cannot be denied merely due to mistake by the developer.
-
Earlier this year, the Mauritius Government approved the amendment to the India – Mauritius tax treaty, aligning it with the proposal of th...
-
Slump sale is transfer of one or more business undertakings for a lump sum consideration, without assigning individual values to the each...
-
An eminent concern within the GST framework pertains to the entitlement of Input Tax Credit (ITC) concerning expenditures associated with In...
-
Introduction The law relating to companies is laid down in Companies Act, 2013 and the rules made thereunder and t...
-
Facts · India company has overseas subsidiary companies and there may arise requirement wherein customer execution requires the inv...
No comments:
Post a Comment