{"id":1615,"date":"2016-01-25T06:51:10","date_gmt":"2016-01-25T06:51:10","guid":{"rendered":"http:\/\/caindelhiindia.com\/blog\/?p=1615"},"modified":"2021-07-07T12:58:40","modified_gmt":"2021-07-07T12:58:40","slug":"corporate-and-professional-update-january-17-2016","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-january-17-2016\/","title":{"rendered":"CORPORATE AND PROFESSIONAL UPDATE JANUARY 17, 2016"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d19527735d0\" 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: #999;color:#999\" 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: #999;color:#999\" 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-69d19527735d0\"  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:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-january-17-2016\/#CORPORATE_AND_PROFESSIONAL_UPDATE_JANUARY_17_2016\" title=\"CORPORATE AND PROFESSIONAL UPDATE JANUARY 17, 2016\">CORPORATE AND PROFESSIONAL UPDATE JANUARY 17, 2016<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-january-17-2016\/#INCOME_TAX_ACT\" title=\"INCOME TAX ACT\">INCOME TAX ACT<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-january-17-2016\/#SECTION_119\" title=\" SECTION 119\"> SECTION 119<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-january-17-2016\/#SECTION_194J\" title=\"SECTION 194J\">SECTION 194J<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-january-17-2016\/#DEDUCTION_OF_TAX_AT_SOURCE_%E2%80%93_FEES_FOR_PROFESSIONAL_OR_TECHNICAL_SERVICES\" title=\"DEDUCTION OF TAX AT SOURCE &#8211; FEES FOR PROFESSIONAL OR TECHNICAL SERVICES\">DEDUCTION OF TAX AT SOURCE &#8211; FEES FOR PROFESSIONAL OR TECHNICAL SERVICES<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-january-17-2016\/#SECTION_234C\" title=\"SECTION 234C\">SECTION 234C<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-january-17-2016\/#SERVICE_TAX\" title=\"SERVICE TAX\">SERVICE TAX<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-january-17-2016\/#_CST_VAT\" title=\"\u00a0CST &amp; VAT\">\u00a0CST &amp; VAT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-january-17-2016\/#_STATUTES\" title=\"\u00a0STATUTES\">\u00a0STATUTES<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-january-17-2016\/#CORPORATE_LAWS\" title=\" CORPORATE LAWS\"> CORPORATE LAWS<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CORPORATE_AND_PROFESSIONAL_UPDATE_JANUARY_17_2016\"><\/span><span style=\"color: #000080;\"><strong>CORPORATE AND PROFESSIONAL UPDATE JANUARY 17, 2016<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_3078\" aria-describedby=\"caption-attachment-3078\" style=\"width: 542px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2016\/01\/e.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-3078\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2016\/01\/e.jpg\" alt=\"www.caindelhiindia.com; corporate updates\" width=\"542\" height=\"329\" \/><\/a><figcaption id=\"caption-attachment-3078\" class=\"wp-caption-text\">www.caindelhiindia.com; corporate updates<\/figcaption><\/figure>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"INCOME_TAX_ACT\"><\/span><span style=\"color: #0000ff;\"><strong>INCOME TAX ACT<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"SECTION_119\"><\/span><span style=\"color: #ff6600;\"> <strong>SECTION 119<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #00ccff;\"><strong>CENTRAL BOARD OF DIRECT TAXES &#8211; INSTRUCTIONS TO SUBORDINATE AUTHORITIES Others :\u00a0<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Where assessee, an AOP, applied for grant of PAN on 19-1-2005 and department erroneously issued PAN in favour of partnership firm and thereafter assessee in year 2014 applied to Commissioner pointing out error in PAN and requested for giving suitable directions by exercising powers under section 119, this was not a case where hardship could be removed under section 119 &#8211;\u00a0[2016] 65\u00a0 115 (Gujarat)<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"SECTION_194J\"><\/span><span style=\"color: #ff6600;\"><strong>SECTION 194J<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"DEDUCTION_OF_TAX_AT_SOURCE_%E2%80%93_FEES_FOR_PROFESSIONAL_OR_TECHNICAL_SERVICES\"><\/span><span style=\"color: #00ccff;\"><strong>DEDUCTION OF TAX AT SOURCE &#8211; FEES FOR PROFESSIONAL OR TECHNICAL SERVICES<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Telecom operators :\u00a0Where Commissioner passed an order on assessee directing Assessing Officer to reassess TDS liability of assessee in respect of roaming charges paid by it to other telecom operators, since said issue had already been decided in favour of assessee by Tribunal in assessee&#8217;s own case in earlier assessment year, impugned order was liable to be set aside &#8211;\u00a0[2016] 65\u00a0 116 (Pune &#8211; Trib.)<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"SECTION_234C\"><\/span><span style=\"color: #ff6600;\"><strong>SECTION 234C<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #00ccff;\">INTEREST, CHARGEABLE AS WAIVER<\/span>\u00a0<\/strong><\/p>\n<p style=\"text-align: justify;\">Waiver of :\u00a0Where Assessing Officer charged interest under section 234C from assessee on plea that during year advance tax paid was less and assessee filed application for waiver of interest stating that it had paid advance tax on basis of anticipated current income during first quarter of year and there was no contemplation that its current income would exceed income for previous assessment year, it was fit case for exercise of discretion by Chief Commissioner under clause 2(b) of notification dated 26-6-2006 &#8211;\u00a0[2016] 65\u00a0 107 (Karnataka)<\/p>\n<h2><span class=\"ez-toc-section\" id=\"SERVICE_TAX\"><\/span><span style=\"color: #0000ff;\"><strong>SERVICE TAX<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #ff6600;\"><strong>SECTION 65(19)<\/strong><\/span><\/p>\n<p><span style=\"color: #00ccff;\"><strong>TAXABLE SERVICES &#8211; BUSINESS AUXILIARY SERVICES<\/strong><\/span><\/p>\n<p>Auxiliary Service (BAS), hence, activity of running petrol pump owned by client M\/s. HPCL and causing sale of petroleum products thereat amounts to BAS; it does not amount to manpower supply services, as employees continue to be under control and supervision of assessee and not HPCL &#8211;\u00a0[2016] 65\u00a0 111 (New Delhi &#8211; CESTAT)<\/p>\n<p><span style=\"color: #ff6600;\"><strong>SECTION 65(27)<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #00ccff;\"><strong>TAXABLE SERVICES &#8211; COMMERCIAL TRAINING OR COACHING SERVICES<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Where sale of study materials was shown separately in invoice, assessee was eligible for benefit of exemption in respect of said sale under Notification No. 12\/2003-ST; hence, value of study material would not form part of value of coaching services &#8211;\u00a0[2016] 112 (New Delhi &#8211; CESTAT)<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"_CST_VAT\"><\/span><em>\u00a0<\/em><strong>CST &amp; VAT<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><strong>SECTION 36A OF DELHI VALUE ADDED TAX ACT, 2004<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #00ccff;\"><strong>RETURNS, ASSESSMENT AND TAX ADMINISTRATION &#8211; TDS &#8211; IN CASE OF WORKS CONTRACT<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Where Tax Authority passed an order under section 36A(8) on assessee, it was only Commissioner who could pass an order under section 36A(8) unless and until power of Commissioner had been delegated under section 68 to Tax Authority\u00a0 [2016] 103 (Delhi)<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"_STATUTES\"><\/span><span style=\"color: #0000ff;\">\u00a0<strong>STATUTES<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CORPORATE_LAWS\"><\/span><span style=\"color: #ff6600;\"> <strong>CORPORATE LAWS<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Approach in case of Non-Compliance of IRDA&#8217;s (Insurance Broker) Regulations, 2015 <strong>&#8211;\u00a0<\/strong><strong>CIRCULAR NO.IRDA\/INT\/MISC\/ORD\/014\/01\/2016, DATED 15-1-2016<\/strong><\/p>\n<p style=\"text-align: justify;\">Appointment of New Chairman\/Chairperson of Competition Commission of India &#8211;\u00a0<strong>PRESS RELEASE, DATED 11-1-2016<\/strong><\/p>\n<p style=\"text-align: justify;\">Inauguration of Patna Local Office of SEBI &#8211;\u00a0<strong>PRESS RELEASE NO.14\/2016, DATED 18-1-2016<\/strong><\/p>\n<p style=\"text-align: justify;\">Roadmap Drawn-Up for Implementation of Indian Accounting Standards (Ind As) converged with International Financial Reporting Standards (IFRS) for Scheduled Commercial Banks (Excluding RRBS), Insurers\/Insurance Companies and NBFCs <strong>&#8211;\u00a0<\/strong><strong>PRESS RELEASE, DATED 18-1-2016<\/strong><\/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:info@caindelhiindia.com\">info@caindelhiindia.com<\/a>or call at\u00a0011-233-43-333<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CORPORATE AND PROFESSIONAL UPDATE JANUARY 17, 2016 INCOME TAX ACT SECTION 119 CENTRAL BOARD OF DIRECT TAXES &#8211; INSTRUCTIONS TO SUBORDINATE AUTHORITIES Others :\u00a0 Where assessee, an AOP, applied for grant of PAN on 19-1-2005 and department erroneously issued PAN in favour of partnership firm and thereafter assessee in year 2014 applied to Commissioner pointing &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[21,647,142,146],"tags":[502,501,569,572,179,180,561,214,181,194,541,560,550,538],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/1615"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=1615"}],"version-history":[{"count":4,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/1615\/revisions"}],"predecessor-version":[{"id":3080,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/1615\/revisions\/3080"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=1615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=1615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=1615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}