Raising additional grounds orally under Rule 27 of ITAT Rules upheld. High Court explains the scope of Rule 27 under ABCAUS Case Law Citation:ABCAUS 3314 (2020) (05) HC Important case law relied upon by the parties:Commissioner of Income Tax v Divine Infracon Pvt. Ltd,Commissioner of Income Tax vs. …
ICAI launches a separate website for its disciplinary function / mechanism Institute of Chartered Accountants of India (ICAI) has launched a separate website for its disciplinary function. The digitisation of disciplinary function of the ICAI is a welcome step. The said portal separately deals with disciplinary mechanism and …
Contribution to PM Cares Fund included in Schedule VII of Companies Act 2013. It may now be included by companies in their Corporate Social Responsibility Policies Activities Schedule VII amended to include PM Cares Fund MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 26th May, 2020 G.S.R.313(E).—In exercise …
Extension of moratorium on Term Loans EMI, deferment of Interest on Working Capital facilities by further 3 months from 01.06.2020 to 31.08.2020 Earlier, RBI on 27th March, 2020 has issued an Statement setting out various developmental and regulatory policies addressing the stress in financial conditions caused by COVID-19 …
ICAI releases Guidance Note on “Subsequent Events –Key Audit Considerations amid COVID-19” ICAI has released an Auditing Guidance on “Subsequent Events –Key Audit Considerations amid COVID-19” for the benefit of the members. The guidance note highlights the key areas where focus is desired due to Covid-19 pandemic on …
Provisional attachment of property purchased prior to Benami Transaction (Prohibition) Amendment Act, 2016 upheld by High Court ABCAUS Case Law Citation:ABCAUS 3313 (2020) (05) HC Important case law relied upon by the parties:R Rajgopal Reddy vs. Padmini Chandrasekharran (1995) 2 SCC 630Mangathai Ammal (Died) through L.Rs. and Others …