Day: February 28, 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

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

February 28, 2017 High Courts, Income Tax, Judgments
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 …
Compensation from builder for nuisance-inconvenience held as capital receipt against income other sources as assessed by AO – ITAT

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

February 28, 2017 Income Tax, ITAT, Judgments
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 …
RBI inducts Chartered Accountant in Committee on Cyber security to review threats in existing/emerging technology and suggest policy interventions

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

February 28, 2017 RBI
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 …
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

February 28, 2017 CA CS CMA, Judgments, Supreme Court
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 …