Reopening due to change in method of accounting for NPA quashed as it was notified in audited accounts. SC dismissed SLP of Revenue ABCAUS Case Law Citation:ABCAUS 3069 (2019) (07) SC The Assessing Officer (AO) had initiated re-assessment proceedings against the respondent bank under Section 147 read with …
ICMAI representation for inclusion of “Cost Accountant” u/s 288 of Income Tax Act to allow tax audit by cost accountant Tax audit by cost accountant The Institute of Cost Accountants of India representation for modification of definition of “Accountant” u/s 288 of the Income Tax Act, 1961 to …
Corporate membership of club of Managing Director (MD) of the company allowed as incurred wholly and exclusively for the purpose of business of the assessee company ABCAUS Case Law Citation:ABCAUS 3068 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:Ankit Metal & Power Ltd vs Addl …
SEBI proposes strict norms for resignation of Statutory Auditors from listed entities SEBI consultative paper on policy proposals with respect to resignation of Statutory Auditors from listed entities Securities and Exchange Board of India A. Background and rationale for review 1. There have been a significant number of …
Gurugram Zone DGGI arrests two businessmen for fraudulent issuance of around Rs 40 crores of input tax credit Gurugram Zonal Unit of the Directorate General of GST Intelligence (DGGI) has arrested two businessmen, namely, Sh. Anil Kumar Jain of M/s Jatalia Global Ventures Ltd, Delhi, and Sh. Manoj …
GST on supply of Information Technology enabled Services (ITeS services)-Clarification on doubts Circular No. 107/26/2019-GST CBEC-20/06/03/2019-GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing*** New Delhi, Dated the 18th July, 2019 To,The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners/ Commissioners …
