Monthly Archive:: April 2017

ICAI Disciplinary Mechanism-Review of intricacies involved

Author: | Categories: ICAI No comments
ICAI Disciplinary Mechanism-Review of intricacies involved. This announcement came soon after the Govt. set up a panel to review existing mechanism to deal with misconduct by CA CS, CMA etc. Group to look into the intricacies involvced in areas pertaining to the Disciplinary Mechanism – ICAI No.M-626/16-2/2017 27th April,

 

Delhi Vat Returns filing due date extension for 4th quarter 2016-17 to 15/05/2017

Author: | Categories: Due Date Extension, VAT No comments
Delhi Vat Returns filing due date extension 4th quarter 2016-17  for form DVAT-16 17 and DVAT-48 along with required annexures and/enclosures to 15/05/2017 The Department of Trade and Taxes, Government of National Capital Territory of Delhi has extended due date for filing of online return for 4th quarter under

 

Committee on Allowances report on 7th CPC recommendations. Modifications suggested

Author: | Categories: Finance Ministry No comments
Committee on Allowances report on 7th CPC recommendations. Modifications suggested in some allowances applicable universally or to specific employee categories Modification suggested in 7th Central Pay Commission recommendations PRESS NOTE The Committee on Allowances, constituted by the Ministry of Finance to examine the 7th CPC recommendations on Allowances, submitted

 

Revision us 263 set aside as CIT did not do homework. No record was called for examining the issue or application of mind by CIT – ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Revision us 263 set aside as CIT did not do homework. No record was called for examining the issue or application of mind by CIT – ITAT ABCAUS Case Law Citation: ABCAUS 1226 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the

 

Foreign Exchange Management (Cross Border Merger) Regulations 2017. RBI proposes fresh Regulations. Invites comments from stakeholders

Author: | Categories: RBI No comments
Foreign Exchange Management (Cross Border Merger) Regulations 2017. RBI proposes fresh Regulations. Invites comments from stakeholders Reserve Bank of India Date : Apr 26, 2017 RBI proposes fresh Regulations under Foreign Exchange Management Act, 1999 for Cross Border Mergers: Invites comments from stakeholders he Reserve Bank today has placed

 

Subrata Roy ready to go to Jail if cheques dishonours. Reserve Price for Aamby Valley auction fixed at Rs. 37,392 Crores

Author: | Categories: Judgments, Supreme Court No comments
Subrata Roy ready to go to Jail if cheques dishonours Recently, Supreme Court had ordered auction of Sahara Aamby Valley and warned Subrata Roy to be present in the Court on 27th April, 2017 not to honour his affidavit or face wrath of Law. On the scheduled day, in

 

Net profit ratio of 3 percent in contract business allowed as in earlier years even lower profit rate was consistently accepted without objection-ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Net profit ratio of 3 percent in contract business allowed as in earlier years even lower profit rate was consistently accepted without objection by the Department – ITAT ABCAUS Case Law Citation: ABCAUS 1225 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the