Compensation from builder for nuisance-inconvenience held as capital receipt against income other sources as casual income as assessed by AO – ITAT In a recent judgment, ITAT Mumbai has held that compensation from builder for nuisance-inconvenience is capital receipt and not income other sources as casual income as …
RBI inducts Chartered Accountant in Committee on Cyber security to review threats in existing/emerging technology and suggest policy interventions. Date : Feb 28, 2017 Reserve Bank Establishes an Inter-disciplinary Standing Committee on Cyber Security he Reserve Bank of India has set up an Inter-disciplinary Standing Committee on …
Misconduct by CA who surrendered COP-Supreme Court dismisses ICAI appeal. Practicing CA holding COP would be liable for punishment if misconduct is proved. ABCAUS Case Law Citation: ABCAUS 1147 (2017) (02) SC Brief Facts of the Case: The Hon’ble Madhya Pradesh High Court in 2007 had held that …
CMA-Writ against 3 years exemption withdrawal in cost accountancy exam dismissed. Amendment to ICMAI Regulation 41(2) not retrospective-High Court ABCAUS Case Law Citation: ABCAUS 1146 (2017) (02) HC Important Case Laws Cited/relied upon: All India Council for Technical Education vs. Surinder Kumar Dhawan & Ors. (2009) 11 SCC 726 …
Advance tax not payable-Income declared after financial year closure. ITAT deleted interest u/s 234B and 234C on income declared in survey ABCAUS Case Law Citation: ABCAUS 1145 (2017) (02) ITAT The Ground of Appeal: The only ground that survived for consideration was as under: That CIT(A) erred in …
Guidance Note on Audit of Banks 2017 edition issued by the Auditing and Assurance Standards Board of ICAI. Updated CD with printed book only Guidance Note on Audit of Banks 2017 edition issued by the Auditing and Assurance Standards Board he Auditing and Assurance Standards Board of the …
