Revised Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) were made applicable from 1st July, 2015 and revised version thereof were made applicable from 1st October, 2017 (“Existing version”). However, considering the legal amendments on the subject, SS-1 and SS-2 were subsequently …
ICAI revised Implementation Guide on reporting Audit Trail ICAI has issued an Implementation Guide on reporting Audit Trail under Rule 11(g) of the Companies (Audit & Auditors) Rules 2014 Revised Edition 2024 The Ministry of Corporate Affairs vide notification dated March 24, 2021 issued the Companies (Audit and …
Employee of IRCTC entitled to full exemption of leave encashment u/s 10(10AA)(i) being employed with Central Government company. In a recent judgment, ITAT has held that an employee employed with IRCTC Limited is entitled to 100 percent exemption of leave encashment u/s 10(10AA)(i) being employed with Central Government …
Exemption u/s 54EC allowed as delay in investment in REC Bonds was due to father of the assessee in ICU In a recent judgment, ITAT as allowed the benefits of investment made in REC Bonds u/s 54EC where delay was caused due to father of assessee was in …
Non-response by payee to statutory notice u/s 133(6) directly issued by AO, is not within reach and control of assessee – ITAT In a recent judgment, ITAT has held that non-response by a payee to statutory notice u/s 133(6) directly issued by AO, is not within reach and …
It is not open for CIT(A) to introduce a new source of income. ITAT deleted addition made section 69A changing the section 68. and the assessment has to be confined to those items of income which were the subject of matter of original assessment In a recent judgment, …