Daily Archive: Thursday, May 5, 2016

Action taken against defaulting/non performing tax officials. Prematured retirement for non-performance and dismissal in disciplinary actions

Author: | Categories: Income Tax No comments
Government takes strict action against defaulting/non performing tax officials/officers; For the First Time, 33 officials/officers including 7 Group ‘A’ officers prematurely retired for non-performance and 72 officers/officials including 6 Group ‘A’ Officers dismissed in other departmental / disciplinary actions in the last two years. Ministry of Finance-Press Release dated


Encashment of BG of contractor against disputed damages claim not permitted unless adjudicated by Court -Supreme Court

Author: | Categories: Supreme Court No comments
Encashment of Bank Guarantee of contractor against disputed claim of damages not permitted unless adjudicated by Court of law in judicial proceedings -Supreme Court Case Law Details: Civil Apeal No. 4814 of 2016 M/s Gangotri Enterprises Ltd. Appellant(s) VERSUS Union of India & Ors. Respondent(s) Date of Judgment: 05/05/2016 Coram:


Temporary business closure, lull-Rent, staff, other business expenses incurred to keep business alive cannot be disallowed-ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Temporary business closure, lull and disallowance of expenses Expenses of rent staff and various other business expenses establish that those were incurred to keep its business alive they cannot be disallowed merely on the ground of temporary closure or lull in business due to recession in the market-held by ITAT


CIT(Appeals) must pass speaking order even in ex-parte cases. Appeal dismissed in limine for non appearnace remanded back by ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
CIT Appeals must pass speaking order even in ex-parte cases. ITAT Delhi, in a recent case remanded back the appeal of the assessee which was dismissed in limine by CIT(A) for non appearnace.  Case Law Details: I.T.A .No.-2379/Del/2015 (ASSESSMENT YEAR-2010-11) Abhinav Dwivedi vs ITO Date of Judgment/Order: 04/05/2016 Brief Facts of the Case:


How to limit PDF file size while affixing the DSC in eform of MCA-FAQ

Author: | Categories: MCA 1 Comment
How to limit PDF file size while affixing the DSC in eform of MCA-FAQ One of the pre-requisite for filing of various eform is that the total size of the file to be uploaded along with the attachments should not exceed 2.5 MB.  However thesize of the e-form increases


ICAI-Observations of the candidates on the question papers of CA examinations-May, 2016

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Observations on the question papers of CA examinations-May, 2016 4th May, 2016 It is hereby informed that candidates can bring to the notice of the Examination Department, their observations, if any, on the question papers relating to CA Examinations being held in May 2016, by e-mail at examfeedback@icai.in or


Powers to appoint inspectors to inspect books, papers of a company u/s 206(5) Companies Act 2013 of Central Government delegated to Regional Directors

Author: | Categories: Companies Act No comments
MINISTRY OF CORPORATE AFFAIRS Notification New Detlhi, the 29/04/2016 S.O. E. In exercise of the powers conferred by sub-section (1) of section 458 of the Companies Act (18 of 2013)’ the Central Government being satisfied that circumstances warrant, hereby delegates the powers to appoint inspectors for inspection of books