Daily Archives: March 25, 2016

New Certificate of Incorporation Form for Companies

By | March 25, 2016

COMPANIES (INCORPORATION) SECOND AMDNDMENT RULES, 2016  SUBSTITUTION OF FORM INC-11 NOTIFICATION [F.NO.01/13/2013 CL-V (PT-I)], DATED 23-3-2016 In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Incorporation) Rules, 2014, namely:—… Read More »

Audit objection satisfied by AO canot base for reassessment

By | March 25, 2016

Case law on Audit objection Facts of the case It is stated that the petitioner manages consumer loyalty programs for its partner organizations, whereby the customers of its partners become entitled to loyalty points on purchase of certain goods or services, which can be redeemed towards future purchases. The loyalty program is managed by the… Read More »