Daily Archives: December 2, 2015

ITAT can not stay show cause notice of prosecution: P&H HC

By | December 2, 2015

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Pr. Commissioner of Income Tax, Aayakar Bhawan, Sector-14, Hisar. Versus Income Tax Appellate Tribunal, Delhi Bench, New Delhi and another. Civil Writ Petition No.15239 of 2015 Date of Decision: 31stOctober, 2015 Facts of the case are Appeal is filed before Appellate Tribunal by Assessee for… Read More »

CD is document as per Indian Evidence Act : Supreme Court

By | December 2, 2015

IN THE SUPREME COURT OF INDIA Shamsher Singh Verma … Appellant Versus State of Haryana …Respondent CRIMINAL APPEAL NO. 1525 OF 2015 November 24, 2015 Word “document” is defined in Section 3 of the Indian Evidence Act, 1872, as under: – “ ‘Document’ means any matter expressed or described upon any substance by means of… Read More »

SEBI Discussion Paper on public issuance of Convertible Securities

By | December 2, 2015

Discussion Paper on ‘Review of framework for public issuance of Convertible Securities ’ Such comments may please be e-mailed on or before December 23, 2015, to convertibles@sebi.gov.in or sent by post, to: Shri. Amit Tandon Deputy General Manager Corporation Finance Department Securities and Exchange Board of India SEBI Bhavan Plot No. C4-A, “G” Block Bandra… Read More »

SEBI Discussion Paper on “ Exit Offer to Dissenting Shareholders ”

By | December 2, 2015

Discussion Paper on “ Exit Offer to Dissenting Shareholders ” Such comments may please be e-mailed on or before December 23, 2015, to issueobject@sebi.gov.in or sent by post, to:- Shri. Amit Tandon Deputy General Manager Corporation Finance Department Securities and Exchange Board of India SEBI Bhavan Plot No. C4-A, “G” Block Bandra Kurla Complex Bandra… Read More »

Tribunal provide method of Calculating Capital gains and Business profit in case of sale of flats under development agreement

By | December 2, 2015

Facts of the case The assessee M/s. Goman Agro Farms Pvt. Ltd acquired lands in two pieces to the extent of seven acres in the financial year 2002-03 at Survey No.194 Bachupalli Village, Ranga Reddy District. Thereafter, it incurred some expenditure on fencing, laying of roads, etc. in respect of the said land during the… Read More »