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Non reflection of NPA assignment in balance sheet of borrower not misconduct as it was of no relevance either for true and fair view or disclosure ABCAUS Case Law Citation: ABCAUS 2458 (2018) 08 AA The appellant chartered accountant (CA) was aggrieved by the Report and Order passed …
Chapter VI-A deduction allowable on disallowance u/s 40(a)(ia) for profits of the eligible business so enhanced by the disallowance- ITAT ABCAUS Case Law Citation: ABCAUS 2457 (2018) 08 ITAT The instant appeal was filed by the assessee challenging the order passed by CIT(A) confirming inter alia disallowance u/s …
Issue of shares on private placement basis-7th August 2018 notified as commencement date of section 10 of the Companies (Amendment) Act, 2017 Government of India Ministry of Corporate Affairs Notification New Delhi, the….7th August, 2018 S.O. ___ (E).- In exercise of the powers conferred by sub-section (2) of section …
The Companies (Prospectus and Allotment of Securities) Second Amendment Rules 2018 related to Private placement record to be maintained in Form PAS-5 – Notification Government of India Ministry of Corporate Affairs Notification New Delhi, the ………..07. August, 2018 G.S.R._ (E). – In exercise of the powers conferred by section …
Income Tax Notices to non-resident assesses. On receiving information on holding assets by NRIs, necessary enquiry is made for disclosure and source Income Tax Notices have been issued by the Income Tax Department and the Enforcement Directorate. In respect of Income Tax Department, assesses including, non-resident assesses are served notices/summons consequent …
MCA Centralised Scrutiny and Prosecution Mechanism sends notice to 272 companies on CSR compliance under the Companies Act 2013 for FY 2015-16 As per statement of the Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary in Rajya Sabha today, the Ministry has …
Disclosure under RTI of file notings regarding sanction of prosecution upheld by High Court. Exclusion clause must be construed keeping in view their object ABCAUS Case Law Citation: ABCAUS 2456 (2018) 08 HC The instant petition was filed by the Government of India under Article 226 and 227 …
Two Gujarat based companies notified as recognised stock exchange for derivative transaction not to be treated as speculative transaction Section 43(5) of the Income Tax Act, 1961 defines a “speculative transaction” as the one in which a contract for the purchase or sale of any commodity including stocks …
ITAT has power u/s 254 to order fresh enquiry either suo motu or on grounds raised. For justice to be done, truth must prevail-High Court ABCAUS Case Law Citation: ABCAUS 2455 (2018) 08 HC The instant appeal had been filed by the Appellant Assessee challenging the order passed …
CIT can not substitute his view over the view taken by AO in the revisionary jurisdiction u/s 263 as AO took one of the possible view ABCAUS Case Law Citation: ABCAUS 2454 (2018) 08 ITAT The instant appeal was filed by the assessee against CIT in invoking the …
