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RBI directs NBFCs to appoint nominated counsels in High Court to represent them when a petition is filed seeking interim orders/ directions against any NBFC Reserve Bank of India Appointment of nominated counsel in the Hon’ble High Court of Delhi at New Delhi- Compliance of the Order dated …
Important judgment on EPS payment by exempted establishment under Section 17(1)(C) by Kerala High Court in the case of cooperative bank Hon’ble High Court of Kerala has dismissed the Petition flied by an exempted establishment challenging the assessment order passed by Kannur. P.F. office. The petition was filed …
ICAI Educational Material on Ind-AS 16 Property, Plant and Equipment and FAQ ICAI Educational Material on Ind-AS 16 Property, Plant and Equipment Ind AS Implementation Committee of the Institute of Chartered Accountants of India (ICAI) has brought out an Educational Material on Indian Accounting Standard (Ind AS) 16, Property, …
Draft Companies Cost Records and Audit Amendment Rules 2017 Pursuant to of IndAS. Summary of changes proposed in Form CRA-1 and Cost Audit Report Form CRA-3 Government of India Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (COST RECORDS AND AUDIT) AMENDMENT RULES, 2017 Dated: …
Peak credit theory not applicable if deposits are unexplained u/s 68. High Court overruled ITAT decision where CA was providing accomodation entries and could not explain the deposits in his bank account. The Court held that where assessee is unable to explain the sources of deposits and the corresponding …
EPFO guidelines to overcome Blue Screen of Death (BSOD) and Black Screen Problem(s) reported. Instructions to overcome the BSOD problems Employees’ Provident Fund Organisation Ministry of Labour & Employment, Govt. Of India Bhavishya Nidhi Bhawan, 14-Bhikaji Cama Place, New Delhi-11006 6 Website: epfindia .gov.in No. NDC 1(9)2017/Circular/Project/2601 Dated …
GST-Furnishing of Bond-Letter of Undertaking for Exports Clarifications issued by CBEC for uniformity in the implementation of the Act Circular No. 5/5/2017 – GST F. No. 349/82/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the …
Expression ‘’derived’’ is narrower then ‘’attributable to’’ in section 80IA or like sections. Income derived from secondary source not the effective source, falls outside deductions – High Court ABCAUS Case Law Citation: ABCAUS 2025 (2017) (08) HC Assessment Year : 2009-10 Important Case Laws Cited/relied upon by …
Loss on sale of foreign cars held as business loss not capital loss u/s 50 as the imported cars did not form part of block of assets and depreciation was not allowable – High Court ABCAUS Case Law Citation: ABCAUS 2026 (2017) (08) HC Assessment Year : …
Income Tax to write off arrear demands of Rs 25 Lakhs or more for 186 cases . CBDT writes letter on arrear write-off to all Principal CIT of Gujarat GOVERNMENT OF INDIA DEPARTMENT OF REVENUE DIRECTORATE OF INCOME-TAX (RECOVERY & TDS) 6th Floor, Mayur Bhawan,Connaught Circus, New Delhi-110001 …