Month: June 2022
Expression ‘without making inquiries or verification’ in Section 263 to be read in conjunction with the words ‘which should have been made’. ABCAUS Case Law CitationABCAUS 3602 (2022) (06) ITAT The Appellant/Assessee had challenged the Order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 …
SBI Concurrent Auditor Empanelment of Chartered Accountant Firms for FY 2022-23 Inter Audit Department SBI Hyderabad has invited applications for Empanelment of Chartered Accountant Firms for Concurrent Audit of State Bank of India for the Financial Year 2022-23 SBI Concurrent Auditor Empanelment of CA Firms for FY 2022-23 …
CBDT makes more changes in jurisdiction of Income tax Authorities. CBDT, in supersession of Notification No.23/2021 has specified 3827 Income Tax Authorities of Assessment Units that shall exercise the powers and functions of Assessing Officers concurrently, to facilitate the conduct of Faceless Assessment proceedings under section 144B of …
CBDT specifies subordination of Chief Commissioners & Principal Commissioners of Income-tax CBDT has directed the order of subordination Chief Commissioners of Income-tax, Principal Commissioners of Income-tax and Income-tax Authorities of Assessment Units with respect to all Principal Chief Commissioner of Income-tax (Headquarters) i.e. : 1. Principal Chief Commissioner …
MCA has notified the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022. STK 2 form is used removing the company’s name from the register of companies. The MCA has amended the the Companies (Removal of Names of Companies from the Register of …
CBDT modifies guidelines/criteria for compulsory selection of Income Tax returns for Complete Scrutiny during the Financial Year 2022-23 Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2022-23- procedure for compulsory selection in such cases. CBDT vide guidelines issued on 11th May 2022 has …
Declaration of rate of interest on EPF Account for FY 2021-22 Employee’s Provident Fund Scheme 1952 to credit interest @ 8.10% for the year 2021-22 EPF interest rate for FY 2021-22 reduced to 8.10% The Ministry of Labour and Employment, Government of India has issued circular no. INV-11/2/2021-INV/4670 …
NCLAT or NCLT cannot sit in an appeal over the commercial wisdom of Committee of Creditors – Supreme Court ABCAUS Case Law Citation ABCAUS 3601 (2022) (06) SC Important case law relied referred:Arun Kumar Jagatramkav. Jindal Steel and Power Limited and AnotherK. Sashidhar v. Indian Overseas Bank and …
CBDT Clarification regarding Form No 10AC issued till 03.06.2022 for provisional registration/Approval u/s 12AB or 10(23C) CBDT Clarification regarding Form No 10AC issued till 03.06.2022 The Finance Act, 2022 has inserted sub-section (4) in section 12AB of the Income-tax Act, 1961 (the Act) allowing the Principal Commissioner or …
Certificate of Practice (COP) to be given to CA on completion of one year work post qualification experience with a FCA COP to be given to CA on completion of one year experience with a FCA. ICAI notifies draft of Chartered Accountants (2nd Amendment) Regulations, 2022 to amend …
