Disciplinary proceedings against managing committee of ICAI Chandigarh Branch stayed by P&H High Court in a case of democratic selection of branch chairman. This indeed puts a question mark on the endeavour of ICAI in upholding the democratic principles enshrined in the Chartered Accountants Act, 1949 and rules governing it. …
Income Tax Notice by Speed Post held not served properly as was not sent by registered post In a recent judgment, ITAT Amritsar has held that Income Tax Notice by Speed Post held not served properly as it returned back and was not sent by registered post to …
Addition for shortage in food grain stock ignoring excess quashed as it was made on the basis of earlier years agreed additions only – ITAT ABCAUS Case Law Citation: 1024 (2016) (09) ITAT Assessment Year: 2010-11 Brief Facts of the Case: The assessee was engaged in the trading of …
Addition for incorrect salary in form 26AS of IAS Officer quashed in view of contradiction in certificate by Chief Treasury Officer and Form 26AS – ITAT ABCAUS Case Law Citation: 1023 (2016) 09 ITAT Assessment Year 2011-12 Brief Facts of the Case: The assessee was an IAS Officer …
Companies Management and Administration Amendment Rules 2016. Changes related to Shareholders Register MGT-1, shareholding position MGT-10 and MGT-6 Government of India Ministry of Corporate Affairs Notification New Delhi, 23rd September, 2016 G.S.R. 908(E).-In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 of the Companies Act, …
Double depreciation claim by charitable trust allowed as application of income up to 31-03-2014 as it has been barred u/s 11(6) from AY 2015-16-ITAT ABCAUS Casse Law Citation: 1022 (2016) (09) ITAT AY 2005- 06 and AY 2010-11 Brief Facts of the Case: The present appeal(s) was filed …
