Daily Archive: Sunday, September 3, 2017

CA made co-accused for preparing false projected financials for bank loan, High Court declines to interfere

CA made co-accused for preparing false projected financials for bank loan, High Court declines to interfere in criminal prosecution though CA was absolved by Disciplinary committee of ICAI   ABCAUS Case Law Citation: ABCAUS 2058 (2017) (09) HC The Issue: Whether the exoneration of the Chartered Accountant (CA) by

 

Complete list of ministers after revised portfolios in Modi Cabinet

Author: | Categories: Government No comments
Complete list of ministers after revised portfolios in Modi Cabinet. Cabinet ministers (27), State Ministers-Independent Charge (11) and State Ministers (37) PRESS COMMUNIQUE – President of India allocates portfolios of the Council of Ministers              The President of India, as advised by the Prime Minister, has directed the allocation

 

Local puja and festival committees donations held business expenditure paid to avoid confrontation and smooth running of business

Author: | Categories: Income Tax, ITAT, Judgments No comments
Local puja and festival committees donations allowed as business expenditure as those contributions were paid to avoid confrontation and to smooth running of the business.   ABCAUS Case Law Citation: ABCAUS 2057 (2017) (09) ITAT Assessment Year :  2011-12 Brief Facts of the Case: The assessee had claimed expenses