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Statutory Happenings

Re-assessment is for taxing escaped income and not for investigation or verification as to whether assessee fulfilled conditions under section 80-IA | Absence of claim in TP documents would not be an estoppel in making claim afresh | Shifting from rented to owned premise is extension of business, interest exp. attracts disallowance under sec. 36(1)(iii) | Different approach for similar transaction could not be taken for TP analysis | Redemption of preference shares, between companies under same management, is not a sham transaction | NHAI can blacklist delinquent bidders in addition to forfeiting their EMDs | S. Africa - Luxembourg DTAA - Capital gain to include deemed alienation of property | Winding up petition not barred merely because proceedings instituted by creditor before DRT | Application for oppression and mismanagement maintainable by member who has paid all calls | FEMA : Clarification on Foreign Investment in NBFC sector under the Foreign Direct Investment (FDI) Scheme | Levy of Stamp Duty on Power of Attorney given to unrelated person is constitutionally valid - Supreme Court

Statutory Happenings

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	Corporate Laws
	Statutes
	FOREIGN EXCHANGE MANAGEMENT ACT
	FEMA : Clarification on Foreign Investment in NBFC sector under the Foreign Direct Investment (FDI) Scheme - A.P. (DIR SERIES 2011-12) CIRCULAR NO. 127, DATED 14-05-2012 Read More
	FEMA : Deferred Payment Protocols dated 30-4-1981 and 23-12-1985 between Government of India and erstwhile USSR - A.P. (DIR SERIES 2011-12) CIRCULAR NO. 126, DATED 14-05-2012 Read More
	OTHERS
	CL : Employees' Provident Funds (Second Amendment) Scheme, 2012 - Amendment in paragraphs 27, 27A, 27AA, 36, 36A, 38, 42, 43, 72, 82 and 83 - NOTIFICATION NO. G.S.R. 336(E), DATED 04-05-2012 Read More
	SECURITY EXCHANGE BOARD OF INDIA
	SEBI : Review of regulatory compliance and periodic reporting - CIRCULAR NO. MIRSD/6/2012, DATED 14-05-2012 Read More
	Direct Tax Laws
	Statutes
	IT : Cancellation of Transfer Order of Judicial Member, Chandigarh Benches to Pune Benches of ITAT - ORDER [NO. F-46-AD(AT)2012], DATED 14-05-2012 Read More
	IT : Transfer of Specified Members of ITAT from One Bench(es) to Another Bench(es) - ORDER [NO. F-46-AD(AT)2012], DATED 11-05-2012 Read More
	IT : Notified Eligible Projects or Schemes under section 35AC - NOTIFICATION NO. 32/2012 [F. NO. V.27015/2/2012-SO (NAT.COM]/S.O. 1030(E), DATED 07-05-2012 Read More

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