Bogus purchase disallowance reduced from loss declared by the assessee as the purchases were related to the same business only – ITAT ABCAUS Case Law Citation: ABCAUS 1247 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner of Income Tax(A) …

Bogus Purchase-profit already disclosed to be reduced from profit rate applied. AO was directed to give credit for disclosed profit and re-compute income – ITAT Judgment ABCAUS Case Law Citation: ABCAUS 1244 (2017) (05) ITAT The Grievance: The relevant issue is comprised in two appeals filed by the …

ICAI Information System Audit-Assessment Test ISA-AT New Syllabus June 2017 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA 12th May, 2017 IMPORTANT ANNOUNCEMENT Subject: Information System Audit – Assessment Test (ISA – AT) New Syllabus, June 2017 Members are hereby informed that the next Information Systems Audit (ISA) Course …

Implications of GST implementation on Indian Economy-RBI releases State Finances: A Study of Budgets of 2016-17 an annual publication. Reserve Bank of India Date : May 12, 2017 GST implementation to have far reaching implications for the Indian Economy RBI releases State Finances: A Study of Budgets of …

Draft Income Tax Appellate Tribunal Rules 2017 issued for public comments. 1963 Rules outlived utility in view of changing circumstances and technology  INCOME TAX APPELLATE TRIBUNAL (COMMITTEE FOR REVISION OF THE INCOME TAX APPELLATE TRIBUNAL RULES) 11th floor,Lok Nayak Bhawan Khan Market,New Delhi 110 003 PUBLIC NOTICE May …

ICSI revised increased membership fee from 01-04-2017. Fees doubled but relaxation given to newly inducted company secretaries. FAQ for reduced fee for ACS NOTIFICATION ICSI/05/May/2017 The Institute of Company Secretaries of India 1. The Council of the ICSI in its 236th meeting held on 29- 30th March, 2016 …