Daily Archives: February 7, 2018

Reassessment notice issued after 4 years without prior approval of Commissioner quashed : High Court

By | February 7, 2018

HIGH COURT OF CHHATTISGARH Maruti Clean Coal & Power Ltd. v. Assistant Commissioner of Income-tax, Circle 1(1), Chhattisgarh P. SAM KOSHY, J. WRIT PETITION (T) NO. 346 OF 2017 JANUARY  3, 2018 Salil Kapoor, Ms. Soumya Singh and Amrito Das, Advs. for the Petitioner. Smt. Naushina Afrin Ali, Adv. for the Respondent. JUDGMENT 1. With the consent of the parties the matter was heard… Read More »

Value of unquoted equity shares of ‘Start Up’ companies rejected : No action : CBDT

By | February 7, 2018

F.No. 173/14/2018-ITA.1 Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, dated the 6′” of February, 2018 To All Principal Chief-Commissioners of Income-tax Madam/Sir Subject: Determination of fair market value of unquoted equity shares of ‘Start Up’ companies under section 56(2)(viib) of the Income-tax Act read with Rule llUA(2) of… Read More »

GST Settlement of Funds (Amendment) Rules 2018.

By | February 7, 2018

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 6th February, 2018 G.S.R. 145(E).—In exercise of the powers conferred by section 53 read with section 17 of the Central Goods and Services Tax Act, 2017 (12 of 2017), sections 17 and 18 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017)… Read More »

Category: GST