J&K&L HC: Repeat Narcotics Offences After Release Can Justify Preventive Detention || SC: Departmental Enquiry Required for Police Arrests Without Written Grounds || SC: Preliminary Issue Cannot Be Tried Separately Once Trial on All Issues Has Begun || SC: Police Claim of Sufficient Material for Chargesheet Does Not Entitle Accused to Default Bail || Telangana HC: Father’s Role Beyond Financial Support Cannot Be Overlooked in Custody Matters || Allahabad HC: Hindu Marriage Requires Essential Ceremonies, Arya Samaj Certificate Not Enough || Delhi HC: Narco Test Cannot Be Forced on an Accused Without Consent || Gujarat HC: Brothel Customer Not Liable for Operating Premises or Procuring Women || MP HC: Civil Suits May Be Consolidated Where Issues and Evidence Are Common || J&K&L HC: Personal-Enmity Assaults Concern Law and Order, Not Preventive Detention

Comments invited on minimum alternate tax report- (Ministry of Finance ) (28 Apr 2016)

MANU/PIBU/0402/2016

Direct Taxation

The Central Board of Direct Taxes is receiving comments on the recommendations of the Committee on Minimum Alternate Tax for Indian Accounting Standards till 10 May 2016.

The Committee submitted its Report on 18 March 2016, taking into consideration Ministry of Corporate Affairs input on assessment of net profit. The Report discusses adjustments that must be made to net profit on account of unrealised gains. It also provides for reporting of adjustments in the opening Ind AS balance sheet, which may differ from Indian GAAP financial statements.

Tags : MINIMUM ALTERNATE TAX COMPANY IND AS

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