www.csrajivbajaj.com THOUGHT OF THE DAY “Do you want to know who you are? Don't ask. Act! Action will delineate and define you.” Law Updates: COMPAT quashes CCI’s penalty order of Rs. 6.75 crores on India Trade Promotion Organisation: New Delhi CAT. Apex Court admits SLP of revenue against 'Vodafone India' to decide taxability of transfer of call option rights: Supreme Court. Oppression plea dismissed as petitioner had already transferred his shares before making such plea: CLB Chennai. Assessee applied for composition of tax in respect of assessment year 2005-06 and thereupon VAT Officer issued a certificate regarding composition of tax and thereafter Assessing Authority without cancellation of above certificate reassessed assessee for above assessment year, it was only after certificate regarding composition of tax was cancelled, reassessment could be made. PROFESSIONALS INPUTS: SEBI vide Circular No. CIR/CFD/FAC/62/2016 dated 05 th July, 2016 has extended due date for submitting quarterly/ half yearly results for the quarter ended 30.06.2016 and half year ending 30.09.2016 by one month for those listed companies which are required to comply with Ind-AS with effect from 1 st April,2016. RBI vide Notification No. RBI/FMRD/2016-17/31 dated 05 th July, 2016 has issued Master Direction - on Risk Management and Inter- Bank Dealings. MARKET WATCH: SENSEX: 27166.76 -111.85 NIFTY: 8335.95 -34.75 SILVER: 46514.00 -951.00 GOLD (MCX): 31941.00 158.00 USD/INR: 67.45 0.19 CRUDE OIL: 3145.00 -132.00 CS Rajiv Bajaj 9811453353 [email protected]youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date:06 th July, 2016
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www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Do you want to know who you are? Don't ask. Act! Action
will delineate and define you.”
Law Updates:
COMPAT quashes CCI’s penalty order of Rs. 6.75 crores on India
Trade Promotion Organisation: New Delhi CAT.
Apex Court admits SLP of revenue against 'Vodafone India' to
decide taxability of transfer of call option rights: Supreme Court.
Oppression plea dismissed as petitioner had already transferred his
shares before making such plea: CLB Chennai.
Assessee applied for composition of tax in respect of assessment
year 2005-06 and thereupon VAT Officer issued a certificate
regarding composition of tax and thereafter Assessing Authority
without cancellation of above certificate reassessed assessee for
above assessment year, it was only after certificate regarding
composition of tax was cancelled, reassessment could be made.
PROFESSIONALS INPUTS:
SEBI vide Circular No. CIR/CFD/FAC/62/2016 dated 05th July,
2016 has extended due date for submitting quarterly/ half yearly
results for the quarter ended 30.06.2016 and half year ending
30.09.2016 by one month for those listed companies which are
required to comply with Ind-AS with effect from 1st April,2016.
RBI vide Notification No. RBI/FMRD/2016-17/31 dated 05th July,
2016 has issued Master Direction - on Risk Management and Inter-