www.csrajivbajaj.com THOUGHT OF THE DAY “Whatever you do, it’s important to build respect in your fellow men.” Law Updates: Conditional transfer of shares couldn't be held as benefit or perquisite if assessee didn't satisfy such conditions. In view of pending dispute with employees over quantum of bonus, the amount of bonus was paid to the Trust (formed for benefit of employees) and as the dispute was settled well in time the trust paid the bonus amount to employees before the due date, disallowance of the same cannot be made by invoking the provisions of section 40A(9) or section 43B(b). Nor any disallowance can be made for the reason that bonus was not paid by the employer-assessee directly in cash to employees and payment was made to employees by the trust: Supreme Court. No abuse of dominance by DLF in relevant market as there were other real estate developers therein: CCI. Time spent in obtaining copy of missing challan of pre-deposit is a valid cause to condone delay. PROFESSIONALS INPUTS CBEC vide Notification No. 46/2016-CENT dated 26 th September 2016 has Seeks to amend Notification No. 20/2016-CE (NT) dated 01.03.2016 [Central Excise (Removal of Goods at Concessional Rate of Duty for manufacture of Excisable and other Goods) Rules, 2016]. CBEC released draft rules and forms under GST on Registration, Invoice and Payment.. MARKET WATCH: SENSEX: 28,294.28 -373.94 NIFTY: 8,723.05 -108.50 SILVER: 46,031.00 -510.00 GOLD (MCX): 31,270.00 -46.00 USD/INR: 66.56 -0.09 CRUDE OIL: 2,965.00 -131.00 CS Rajiv Bajaj 9811453353 [email protected]youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 27 th September, 2016
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www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Whatever you do, it’s important to build respect in your fellow
men.”
Law Updates:
Conditional transfer of shares couldn't be held as benefit or
perquisite if assessee didn't satisfy such conditions.
In view of pending dispute with employees over quantum of bonus,
the amount of bonus was paid to the Trust (formed for benefit of
employees) and as the dispute was settled well in time the trust paid
the bonus amount to employees before the due date, disallowance of
the same cannot be made by invoking the provisions of section
40A(9) or section 43B(b). Nor any disallowance can be made for the
reason that bonus was not paid by the employer-assessee directly in
cash to employees and payment was made to employees by the trust:
Supreme Court.
No abuse of dominance by DLF in relevant market as there were
other real estate developers therein: CCI.
Time spent in obtaining copy of missing challan of pre-deposit is a
valid cause to condone delay.
PROFESSIONALS INPUTS
CBEC vide Notification No. 46/2016-CENT dated 26th September
2016 has Seeks to amend Notification No. 20/2016-CE (NT) dated
01.03.2016 [Central Excise (Removal of Goods at Concessional
Rate of Duty for manufacture of Excisable and other Goods) Rules,
2016].
CBEC released draft rules and forms under GST on Registration,