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“IBC takes 300 days, BIFR took 5-8 yrs”-IBBI denies news published by Business Standard quoting affidavit submitted in the NCLAT The Business Standard recently published a news item stating that according to Chairman IBBI, the entire process of debt resolution under Corporate Insolvency Resolution Process (CIRP) takes nearly …
RBI specify threshold percentage for disclosure of divergence in asset classification & provisioning by banks with additional provisioning assessed by RBI The RBI vide Notification dated 18.04.2018 mandated disclosures by banks on divergences from prudential norms on income recognition, asset classification and provisioning exceed certain thresholds. It had …
Non Members not aggrieved person so as to have a right to challenge the Disciplinary order of ICAI. Supreme Court dismissed SLP against High Court Order ABCAUS Case Law Citation:ABCAUS 2856 (2019) (04) SC The Hon’ble Supreme Court had dismissed a special leave petition (SLP) against the order …
Supreme Court dismisses SLP of Income Tax Department against Radhika Roy, wife of NDTV founder Prannoy Roy ABCAUS Case Law Citation:ABCAUS 2855 (2019) (04) SC Important Case Laws Cited/relied upon by the parties Olympia Paper & Stationery Stores vs. Assistant Commissioner of Income Tax, 63 ITD 148 Lately, …
ICAI set up an online support panel for bank branch audit queries from April 1st, 2019 till April 15th, 2019. The facility is managed by experts With a view to support chartered accountants for fast resolution of queries, the Auditing and Assurance Standards Board (AASB) of ICAI has …
CAs also help in bringing transparency in the political system of the country said ICAI President referring to Guidance Note on Accounting of Political Parties ICAI President, CA Prafulla Chhajed, in his message has stated that being harbingers of growth and partnerin-nation-building, the Chartered Accountants have an important …
Deduction u/s 80IB allowed when assessee was not owner of the land and undertook housing project at their own risk and cost- Supreme Court dismisses SLP of Department ABCAUS Case Law Citation: ABCAUS 2854 (2019) (04) SC Important Case Laws Cited/relied upon by the parties Commissioner of Income …
The Show cause notice issued for change in excise classification of goods was barred by limitation, as it was intimated – SC dismissed appeal of the Department ABCAUS Case Law Citation:ABCAUS 2853 (2019) (04) SC The appellant had changed the goods classification under Central Excise Tariff Act, 1985. …
GST Revenue collection for March, 2019 crossed Rupees One Lakh Crore and recorded Highest Collections in the FY 2018-19 Total Gross GST revenue collected in the month of March, 2019 is Rs. 1,06,577 crore of which CGST is Rs. 20,353 crore, SGST is Rs. 27,520 crore, IGST is Rs. 50,418 crore (including Rs. 23,521 crore collected on imports) …
Branches of Vijaya Bank and Dena Bank to operate as branches of Bank of Baroda from 01.04.2019 Reserve Bank of India Date : Mar 30, 2019 Branches of Vijaya Bank and Dena Bank to operate as branches of Bank of Baroda from April 1, 2019 The Amalgamation of Vijaya …
