Month: August 2018
ICAI Implementation Guide to Standard on Auditing (SA) 610 (Revised) Using the Work of Internal Auditors Under the provisions of the Companies Act 2013, it is mandatory for auditors of companies to comply with the Standards on Auditing (SAs) issued by the Institutes of Chartered Accountants of India …
Publication on Judicial Pronouncements under Insolvency and Bankruptcy Code, 2016 Series 1 , by Insolvency and Bankruptcy Laws Group, CLCGC, ICAI The Insolvency and Bankruptcy Code, 2016 (IBC), is a recent legislation and the various Judicial Pronouncements under the Code are very important inputs to understand the law on …
Final report of Committee on review of penal provisions of Companies Act 2013. To relieve Special Courts from adjudicating routine offences; De-clogging NCLT Committee on review of penal provisions of Company Act 2013 submits final report to Shri Arun Jaitley, makes several recommendations related to corporate compliance and corporate …
Booking of flat is not date of acquisition for claim of capital gain exemption u/s 54F. ITAT upheld denial of exemption as asset was not held for more than 3 years ABCAUS Case Law Citation: ABCAUS 2490 (2018) 08 ITAT Important Case Laws Cited/relied upon by the parties: …
Renovation is part of cost of acquisition for grant of benefit of deduction u/s 54F. Term residential house include all amenities to make it habitable-ITAT ABCAUS Case Law Citation: ABCAUS 2489 (2018) 08 ITAT Important Case Laws Cited/relied upon by the parties: Mrs. Rahana Siraj Vs. CIT (2015) …
The assessee was not prejudiced when AO disallowed only 10% of expenses instead of rejecting the books u/s 145 and pass best judgment assessment order under Section 144- High Court ABCAUS Case Law Citation: ABCAUS 2488 (2018) 08 HC The instant appeal was filed by assessee against the …
Concealment Penalty u/s 271(1)(c) for claiming capital loss as business loss. No Penalty when the assessee disclosed all the material in the computation of his income.- High Court ABCAUS Case Law Citation: ABCAUS 2487 (2018) 08 HC Important Case Laws Cited/relied upon by the parties: CIT Vs. Siddharth …
Criteria for income tax manual selection of returns for Complete Scrutiny during the financial-year 2018-2019- CBDT Guidelines Instruction No. 04/2018 Government of IndiaMinistry of FinanceDepartment of RevenueCentral Hoard of Direct Taxes (ITA-II division) North Block New Delhi the 20th August 2018 To All Pr. Chief-Commissioners of Income-tax/Chief-Commissioner of …
Seven instances where E-Proceeding not mandatory for assessment during FY 2018-19. When personal hearing/attendance may take place in E-Proceeding Instruction No. 03/2018 Government of India Ministry of Finance Department of Revenue (CBDT) North Block, Now Delhi, the 20th of August, 2012 Subject: Conduct of assessment proceedings through E-Proceedings facility during …
MCA invites entries for first National CSR Awards. 20 prizes to be given in 3 categories. 30th September 2018 is last date for filing nominations Ministry of Corporate Affairs invites entries for nominations for the first National CSR Awards only from Ministries/ Departments of Govt of India, State …