![CBDT Notifies Revised Form 3CEFA for Opting Safe Harbour Rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/06/Central-Board-of-Direct-Taxes-CBDT-Tax-Scan.jpg "CBDT Notifies Revised Form 3CEFA for Opting Safe Harbour Rules [Read Notification]")
CBDT Notifies Revised Form 3CEFA for Opting Safe Harbour Rules [Read Notification]
The Central Board of Direct Taxes (CBDT) yesterday notified the revised form 3CEFA for opting Safe Harbour Rules under the Income Tax Act, 1961. As...
![Exporter cannot take Benefits of Rebate of Duty under Excise Rules & Advance Authorizations under Customs Law Simultaneously: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Delhi-High-Court-Tax-Scan.jpg "Exporter cannot take Benefits of Rebate of Duty under Excise Rules & Advance Authorizations under Customs Law Simultaneously: Delhi HC [Read Order]")
![CBDT prescribes Methods for Computing ‘Tax Effect’ to determine Maintainability of Appeals related to MAT Provisions [Read Letter]](https://www.taxscan.in/wp-content/uploads/2016/08/CBDT-Taxscan-2.jpg "CBDT prescribes Methods for Computing ‘Tax Effect’ to determine Maintainability of Appeals related to MAT Provisions [Read Letter]")
Document Furnished by Assessee found in Possession of someone else is not ‘belongs to the assessee’ for purpose of Assessment u/s 153C: Delhi HC
A division bench of the Delhi High Court in the case Canyon Financial Services Ltd v. ITO held that the documents furnished by the assessee found in possession of someone else cannot be treated as...
Changing Acronym from ‘ICAI’ to ‘ICOAI’: Institute of Cost Accountants of India gives undertaking before HC
The Institute of Cost Accountants of India has submitted an undertaking to the Madras High Court that it will consider changing its acronym from ‘ICAI’ to ‘ICOAI’, and submit the compliance report...
Two Entities cannot be Treated as ‘AEs’ Merely on Ground one has De Facto participation in Capital, Management or Control over the Other: Gujarat HC
A division bench of the Gujarat High Court, recently in Pr. CIT v. M/s Veer Gems, held that mere fact that an enterprise has de facto participation in the capital, management or control over the other...
Any Registered Person Dealing with Second hand Goods can avail the Benefit of Margin Scheme under GST: Govt
In a recent statement, the Central Government clarified that any registered person dealing in buying and selling of second hand goods can avail the benefit of Margin scheme subject to the conditions...
Assessment u/s 153C cannot be invalidated for want of satisfaction of AO when AO of both the Assessee and the Searched Person is same: Delhi HC [Read Judgment]
In Pr. CIT v. Sheetal International Pvt. Ltd, a division bench of the Delhi High Court held that assessment under section 153C of the Income Tax Act cannot be quashed merely  on ground that AO of the...
![Assessment u/s 153C cannot be invalidated for want of satisfaction of AO when AO of both the Assessee and the Searched Person is same: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Re-Assessment-Taxscan.jpg "Assessment u/s 153C cannot be invalidated for want of satisfaction of AO when AO of both the Assessee and the Searched Person is same: Delhi HC [Read Judgment]")