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Showing posts from May, 2014
Payment of Stamp Duty on Articles of Association for increase in authorized capital of company having registered office in National Capital Territory of Delhi has become mandatory w.e.f. 01/08/2012 vide notification of The Indian Stamp (Delhi Amendment) Act, 2012 on 31/07/2012. -- 
CBDT To Supervise And Monitor S. 264 Revision Orders Of CIT S. 264 of the Income-tax Act permits the assessee to make an application to the CIT for revision of orders passed by the AO. The CBDT has issued Instruction No. 11/2014 dated 16.05.2014 stating that there shall be administrative supervision of such revision orders passed by the CIT u/s 264. Guidelines have been laid down which have to be complied with by the CIT   (Click Here To Read More)

News in TOI on T2 06/05/2014

Finally dept comes out with a press release

Invitation to connect on LinkedIn

          From YASHU GOEL   Partner at N.K. GOEL AND BROS. New Delh
CBDT Announces Ambitious National Judicial Reference System Project The CBDT has announced the setting up of a "National Judicial Reference System" (NJRS). The NJRS comprises of two components, the "Appeals repository and Management System" and the "Judicial Research and Reference System". The Appeals repository is a database of all appeals pending in the ITAT, High Court and Supreme Court. The system will enable the status of the appeals to be tracked with an alert system. The big advantage of this database is that the entire litigation history of a tax payer will be available at the press of a button. The Judicial Research and Reference System is a database of all decisions of the ITAT, High Courts & the Supreme Court. The cases will be indexed, searchable and cross-linked. The database will also have the relevant statutory enactments, circulars etc. There are several other interesting aspects of the NJRS which you can read in the CBDT&