Month: November 2018
ICAI Implementation Guide on Resignation / Withdrawal from an Engagement to Perform Audit of Financial Statements The ASB of the Institute of Chartered Accountants of India has released an “Implementation Guide on Resignation/Withdrawal from an Engagement to Perform Audit of Financial Statements”. The said Implementation Guide is applicable in …
Relaxation on the guidelines to NBFCs on securitisation transactions In order to encourage NBFCs to securitise/assign their eligible assets, RBI has decided to relax the Minimum Holding Period (MHP) requirement for originating NBFCs, in respect of loans of original maturity above 5 years, to receipt of repayment of …
No restriction on Courts to award compensation exceeding claimed amount. The compensation under Motor Vehicles Act, 1988 has to be just – Supreme Court ABCAUS Case Law Citation: ABCAUS 2656 (2018) (11) SC Important Case Laws Cited/relied upon: Nagappa v. Gurudayal Singh (2003) 2 SCC 274 Magma General Insurance v. Nanu Ram (2018) SCC Online SC 1546 Ibrahim v. Raju (2011) 10 SCC 634 The claimants in the instant appeal had sought further …
Capital gain addition u/s 50C for unauthenticated cuttings in sale deed for amount of sale consideration remanded back for obtaining copy from the Registering authority ABCAUS Case Law Citation: ABCAUS 2655 (2018) (11) ITAT The instant appeal was filed by the assessee against the order of the Commissioner …
GSTPs enrolled in GSTN till 26.11.2018 now eligible for exam scheduled on 17.12.2018 Ministry of Finance Press Release Examination for Confirmation of Enrollment of GST Practitioners; Extension of Eligibility Criteria for Registration. Reference is invited to Press Release dated 1.11.2018 and 19.11.2018 regarding exam for GST Practitioners (GSTPs) …
Rangachari Sridharan appointed NFRA Chairperson wef 1st October, 2018 and Dr. Prasenjit Mukherjee appointed as full time Member MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 28th November, 2018 S.O. 5848(E).—In exercise of the powers conferred by sub-section (3) of section 132 of the Companies Act, 2013 (18 …
Complete time barring scrutiny assessments by 25th of December 2018 – CBDT direction to AOs over pendency of large number of cases CBDT in its latest DO addressed to all Principal Chief Commissioners of Income Tax ( PrCCIT ) has expressed concern over pendency of large number of …
Thalassemia and Sickle Cell Society approved u/s 35 of the Income-tax Act, 1961 in the category of Scientific Research Association MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 84/2018 New Delhi, the 26th November, 2018 S.O. 5852(E).—It is hereby notified for general information that …
Disallowance of 80IB deduction by passing rectification order u/s 154 quashed as AO took a conscious and considered view to allow deduction which was not mistake apparent – ITAT ABCAUS Case Law Citation: ABCAUS 2654 (2018) (11) ITAT Important Case Laws Cited/relied upon: CIT vs. Krishak Bharti Co-operative …
Extension of due dates for filing GST returns due to disturbances caused by Cyclone Titli in Andhra Pradesh, and by Cyclone Gaza in Tamil Nadu Extension of due dates for filing GST returns In view of the disturbances caused to daily life by Cyclone Titli in the district …