CORPORATE AND PROFESSIONAL UPDATE MAY 25, 2016
TODAYS UPDATES : Direct Tax: SCN cannot be issued to debtors until tax liability crystallize. [M/s Quality Fabricators and Erectors v/s The Deputy Director, DGCEI, Zonal Unit Mumbai and Others (HC Of Bombay)]. Sec. 263 not justified due to multiple view on applicability of TDS. [Neo Sports Broadcast Pvt.Ltd v/s CIT (TDS) (ITAT Mumbai)]. Changes …