{"id":2585,"date":"2016-12-14T08:05:49","date_gmt":"2016-12-14T08:05:49","guid":{"rendered":"http:\/\/caindelhiindia.com\/blog\/?p=2585"},"modified":"2020-10-10T10:54:19","modified_gmt":"2020-10-10T10:54:19","slug":"corporate-and-professional-update-dec-14-2016","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-dec-14-2016\/","title":{"rendered":"CORPORATE AND PROFESSIONAL UPDATE DEC 14, 2016"},"content":{"rendered":"<p><strong>Today Update :<\/strong><\/p>\n<figure id=\"attachment_2395\" aria-describedby=\"caption-attachment-2395\" style=\"width: 543px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2016\/10\/download.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2395\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2016\/10\/download.jpg\" alt=\"www.caindelhiindia.com; Corporate updates\" width=\"543\" height=\"422\" \/><\/a><figcaption id=\"caption-attachment-2395\" class=\"wp-caption-text\">www.caindelhiindia.com; Corporate updates<\/figcaption><\/figure>\n<p><strong>\u00a0<\/strong><strong><span style=\"text-decoration: underline;\">DIRECT TAX:-<\/span><\/strong><\/p>\n<ul>\n<li>To refer a case to TPO, AO need not to have definite findings, Prima Facia opinion is sufficient.\u00a0\u00a0Sec 92CA (1) envisages that where the AO consider it \u2018necessary or expedient\u2019 to do so, he may with the approval of Commissioner refer the computation of arm\u2019s length price in relation to the concerned international transaction to the TPO.\u00a0Price Water House Et Anr. Vs Commissioner of Income Tax (Calcutta High Court).<\/li>\n<\/ul>\n<p><strong><span style=\"text-decoration: underline;\">Indirect Tax:-<\/span><\/strong><\/p>\n<ul>\n<li>Revenue could not insist the appellant to avail a particular option under rule 6. When the appellant calculated the amount to be reversed and the compliance of conditions prescribed u\/r 6(3)(ii) read with Rule 3(A) of Rule 6 is claimed, a demand under rule 6(3) for an amount equal to a percentage of the exempted goods is not sustainable.\u00a0M\/s Mahindra &amp; Mahindra Limited Vs CCE (CESTAT Delhi).<\/li>\n<\/ul>\n<p><strong><span style=\"text-decoration: underline;\">Other\u00a0 Update:-<\/span><\/strong><\/p>\n<ul>\n<li>CC&amp;AG empanelment of CA Firms begins from 01st Jan&#8217;2017 to 15th Feb 2017 for the year 2017-2018 details are available at\u00a0www.saiindia.gov.in.<\/li>\n<\/ul>\n<p><strong><span style=\"text-decoration: underline;\">Key Dates:-<\/span><\/strong><\/p>\n<ul>\n<li>Payment of Advance Income Tax for all assessees (75%) :\u00a015\/12\/2016<\/li>\n<li>E-Payment of PF for Nov:\u00a015\/12\/2016<\/li>\n<li>Payment of DVAT TDS for Nov :\u00a015\/12\/2016<\/li>\n<li>Issue of TDS certificate in case of payment\/credit\u00a0made in Oct for purchase of property u\/s 194IA :\u00a015\/12\/2016<\/li>\n<\/ul>\n<p>\u201cIf you want to make a permanent change, stop focusing on the size of your problems and start focusing on the size of you!&#8221;<\/p>\n<p>We look forward for your valuable comments.\u00a0 <a href=\"https:\/\/www.caindelhiindia.com\">www.caindelhiindia.com<\/a><\/p>\n<p>FOR FURTHER QUERIES CONTACT US:<\/p>\n<p>W:\u00a0<a href=\"https:\/\/www.caindelhiindia.com\">www.caindelhiindia.com<\/a> \u00a0\u00a0\u00a0 \u00a0E: info@caindelhiindia.com \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 T: 011-233-4-3333, 9-555-555-480<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today Update : \u00a0DIRECT TAX:- To refer a case to TPO, AO need not to have definite findings, Prima Facia opinion is sufficient.\u00a0\u00a0Sec 92CA (1) envisages that where the AO consider it \u2018necessary or expedient\u2019 to do so, he may with the approval of Commissioner refer the computation of arm\u2019s length price in relation to &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":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/2585"}],"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=2585"}],"version-history":[{"count":2,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/2585\/revisions"}],"predecessor-version":[{"id":2758,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/2585\/revisions\/2758"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=2585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=2585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=2585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}