Month: November 2018
Listed entities to disclose reasons for delay in submission of financial results to stock exchanges as per time limit specified in Regulation 33 of Listing Regulations Securities and Exchange Board of India CIRCULAR CIR/CFD/CMD-1/142/2018 November 19,2018 To All Listed Entities All the Recognized Stock Exchanges Dear Sir/Madam, Sub: …
SEBI Listing Obligations and Disclosure Requirements 6th Amendment Regulations 2018. Conditions for re-classification of any person as promoter / public SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 16th of November, 2018 Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2018 …
Not disclosing accrued FDR interest payable on maturity was not Concealment. Penalty deleted as interest was payable on termination or on maturity ABCAUS Case Law Citation: ABCAUS 2645 (2018) (11) ITAT The instant appeal of the assessee was directed against the order of the Commissioner of Income Tax(Appeals) …
Revisionary order u/s 263 passed against dropping of penalty u/s 271(1)(c) after the expiry of limitation period as provided u/s 275 of the Act was invalid – ITAT ABCAUS Case Law Citation: ABCAUS 2644 (2018) (11) ITAT Important Case Laws Cited/relied upon: Toyota Motor Corporation reported in 306 …
Donations received by college were not capitation fee and generation of surplus did not render it ineligible for claiming exemption u/s 11 and 12 of the Act ABCAUS Case Law Citation: ABCAUS 2643 (2018) (11) ITAT Important Case Laws Cited/relied upon: CIT vs Pulikkal Medical Foundation Private Limited, …
Bhadohi notified as Town of Export Excellence for Carpets and other Floor Coverings under Foreign Trade Policy What is Town of Export Excellence ? Under the Foreign Trade Policy 2015-20, selected towns producing goods of Rs. 750 Crore or more may be notified as Town of Export Excellence (TEE) based …
GST Practitioners Exam Guidelines for filling up application form, appearing in the Examination and post-examination representation and its disposal Examination for confirmation of enrolment of GST Practitioners GUIDELINES FOR THE CANDIDATES (Please refer sub-rule (9) of rule 83A of the Central Goods and Services Tax Rules, 2017) A. …
Tax deduction by bank before close of financial year would not absolve penalty u/s 271C for non deduction of TDS if there was no reasonable cause to permit exemption u/s 273 B – High Court ABCAUS Case Law Citation: ABCAUS 2642 (2018) (11) HC The appellant bank had …
Foreign education expenses of director allowed as business expenditure u/s 37(1) being incurred in furtherance of assessee’s business interest ABCAUS Case Law Citation: ABCAUS 2641 (2018) (11) ITAT The appeal was filed by the assessee against the order of the Commissioner of Income Tax (Appeals) in inter alia …
ICAI online survey on the State of the Internal Audit Profession in India. The formal Survey Report will be made available on ICAI website Internal Audit Standards Board (IASB) of The Institute of Chartered Accountants of India (ICAI) has invited chartered accountants participate in an online survey on the …