Monthly Archive:: February 2017

Private company director held liable for tax defaults u/s 179 of Income-tax if in true sense company not acted as public limited company

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Private company director held liable for tax defaults by lifting corporate veil us 179 of Income-tax if in true sense company not acted as public limited company ABCAUS Case Law Citation: ABCAUS 1149 (2017) (02) HC The Grievance: The petitioner, had challenged the legality, validity and propriety of the

Compensation from builder for nuisance-inconvenience held as capital receipt against income other sources as assessed by AO – ITAT

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Compensation from builder for nuisance-inconvenience held as capital receipt against income other sources as casual income as assessed by AO – ITAT  ABCAUS Case Law Citation: ABCAUS 1148 (2017) (02) ITAT Assessment Year : 2008-09 Date/Month of Pronouncement: February, 2017 Important Case Laws Cited/relied upon: Kushal K Bangla v.

RBI inducts Chartered Accountant in Committee on Cyber security to review threats in existing/emerging technology and suggest policy interventions

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RBI inducts Chartered Accountant in Committee on Cyber security to review threats in existing/emerging technology and suggest policy interventions.   Date : Feb 28, 2017 Reserve Bank Establishes an Inter-disciplinary Standing Committee on Cyber Security he Reserve Bank of India has set up an Inter-disciplinary Standing Committee on Cyber

Misconduct by CA who surrendered COP-Supreme Court dismisses ICAI appeal. Practicing CA holding COP would be liable for punishment if misconduct is proved

Misconduct by CA who surrendered COP-Supreme Court dismisses ICAI appeal. Practicing CA holding COP would be liable for punishment if misconduct is proved. ABCAUS Case Law Citation: ABCAUS 1147 (2017) (02) SC Brief Facts of the Case: The Hon’ble Madhya Pradesh High Court in 2007 had held that a

CMA-Writ against 3 years exemption withdrawal in cost accountancy exam dismissed. Amendment to ICMAI Regulation 41(2) not retrospective-High Court

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CMA-Writ against 3 years exemption withdrawal in cost accountancy exam dismissed. Amendment to ICMAI Regulation 41(2) not retrospective-High Court ABCAUS Case Law Citation: ABCAUS 1146 (2017) (02) HC Important Case Laws Cited/relied upon: All India Council for Technical Education vs. Surinder Kumar Dhawan & Ors. (2009) 11 SCC 726 P.

Advance tax not payable-Income declared after financial year closure. ITAT deleted interest u/s 234B and 234C on income declared in survey

Author: | Categories: High Courts, Income Tax, Judgments No comments
Advance tax not payable-Income declared after financial year closure. ITAT deleted interest u/s 234B and 234C on income declared in survey ABCAUS Case Law Citation: ABCAUS 1145 (2017) (02) ITAT The Ground of Appeal: The only ground that survived for consideration was as under: That CIT(A) erred in not

ICAI Guidance Note on Audit of Banks 2017 edition issued by the Auditing and Assurance Standards Board

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Guidance Note on Audit of Banks 2017 edition issued by the Auditing and Assurance Standards Board of ICAI. Updated CD with printed book only Guidance Note on Audit of Banks 2017 edition issued by the Auditing and Assurance Standards Board he Auditing and Assurance Standards Board of the ICAI
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