Restriction on Layers of Subsidiaries
Restriction on Layers of Subsidiaries
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Recent news & event
Recent news & event
As we got good response to our Newsletter For July 2017 we continue to present our current newsletter in the same format keeping in mind readers interest.Hope this change will be helpful; your feedback is important to us.
Sec 25(8)(b)- Sachin Infra Management Ltd. Vs. Regional Director [2017] 83 taxmann.com 176 (Gujarat HC ) The respondent Regional Director revoked petitioner’s license under section 8 without giving the opportunity of being heard on the ground that its office had received various complaints stating that the petitioner company had not been carrying out its business…
Sec 194C – Chennupati Kutumbavathi vs. DCIT [2017] 83 taxmann.com 97 (Visakhapatnam – Trib.) Where assessee a transporter, having entered into an agreement with Co ‘ITC’ for transport of goods, hired lorries from various parties and deployed same at disposal of Co. ‘ITC’ on payment of hire charges, since total responsibility/risk of transporting goods…
