Writ not admissible against assessment order if it was passed on merits and AO followed principles of natural justice: HC

INCOME TAX : Where writ petition had been filed raising a plea that assessment order had been passed in violation of principles of natural justice, since each and every objection…

Continue Reading Writ not admissible against assessment order if it was passed on merits and AO followed principles of natural justice: HC

Writ cannot be filed challenging that assessment order was passed without giving fair hearing opportunity

INCOME TAX : Where writ petition had been filed raising a plea that assessment order had been passed in violation of principles of natural justice, since each and every objection…

Continue Reading Writ cannot be filed challenging that assessment order was passed without giving fair hearing opportunity

SCN issued to Managing Director of a Co. was treated as issued to both MD and Co. when they were treated as one

COMPANY LAW : Show-cause notice relating to trading irregularities having been issued to Managing Director of Respondent No. 1 company will be treated as being issued to said company as…

Continue Reading SCN issued to Managing Director of a Co. was treated as issued to both MD and Co. when they were treated as one

CIT was justified in granting registration from 2nd application as no steps were taken to dispose of 1st application

INCOME TAX : Where assessee-trust filed application in Form 10A under section 12AA on 11-3-2009 for granting registration and without pursuing same for 2 years filed another application on 28-6-2011…

Continue Reading CIT was justified in granting registration from 2nd application as no steps were taken to dispose of 1st application

Exp. attributable to exempt income to be added back for MAT computation without resorting to sec. 14A disallowances

INCOME TAX : Where assessee, carrying on trading activities in stock and commodities, made provision for mark to market loss on trading in derivative and claimed loss as deductable business…

Continue Reading Exp. attributable to exempt income to be added back for MAT computation without resorting to sec. 14A disallowances

Office of FCRA wing of foreigners division of Home Ministry issues advisory for compliances under FC

Home Ministry issues advisory for Compliance by FCRA NGOs/Associations. Advisory is meant for associations that belongs to: (a) Those who have submitted application for registration (b) Those who have submitted…

Continue Reading Office of FCRA wing of foreigners division of Home Ministry issues advisory for compliances under FC

Office of FCRA wing of foreigners division of Home Ministry issues advisory for compliances under FC

Home Ministry issues advisory for Compliance by FCRA NGOs/Associations. Advisory is meant for associations that belongs to: (a) Those who have submitted application for registration (b) Those who have submitted…

Continue Reading Office of FCRA wing of foreigners division of Home Ministry issues advisory for compliances under FC