Wednesday, February 15, 2017

Quick Updates

  • AO couldn't make re-assessment for unexplained investment merely on basis of roving enquiry
  • Payment made for supply of Software embedded in mobile phones couldn't be taxed as royalty
  • Assessee has option to choose initial assessment year for Sec 80IA relief
  • Fraud related issues couldn't be decided by NCLT in a petition filed for rectification of register
  • Stakeholders have to compulsory file Form 3 within 30 days of incorporation for initial agreement and changes with regard to LLP , before filing of Form 8 and Form 11