Weekly Newsletter 27/03/2017

The Weekly Newsletter is being released on every Monday from our office.
In this weekly update important legal jurisprudence has been covered .
Under the Income Tax the Honourabale Supreme Court has granted the SLP on the issue of  assessment when the search takes place at the CA office .  The SLP was filed by the revenue against the order of Delhi HC as reported in 380 ITR 615 .
Similarly on the indirect tax the relief from the Supreme Court where it has uphold the admissibility of the CENVAT credit  for  VAT paid on DEPB scripts.