CBDT issues Guidelines for identification & processing of cases for prosecution under Income Tax Act. Constitution of Collegium of 2 CCIT/DGIT rank officers. CBDT Guidelines for prosecution of cases  Circular No.  24 /2019 F.No.285/08/2014-IT(Inv. V)/349Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)******* Room No. 515, …

CBDT gives one time Relaxation of time limit of 12 months for filing compounding of offences application under Income Tax Act  Circular No. 25/2019 F.No.285/08/2014-IT(Inv. V)/350Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)*** Room No. 515, 5th Floor, C-Block,Dr. Shyama Prasad Mukherjee Civic Centre,Minto Road, …

SAT quashed SEBI order debarring by Price Waterhouse firms/other auditors from auditing listed Companies and Directions to listed Companies not to engage ABCAUS Case Law Citation:ABCAUS 3145 (2019) (09) SAT In the instant case, the appellant led by Price Waterhouse & Co had filed a group of appeals …

Evidentiary value of a statement made on oath by the assessee to the income tax authority in survey proceedings u/s 133A of the Income Tax Act-High Court explains ABCAUS Case Law Citation:ABCAUS 3144 (2019) (09) HC Important case law relied upon by the parties:Paul Mathews and Sons v. …

RBI releases the Report of the Committee on the Development of Housing Finance Securitisation Market Date : Sep 09, 2019 The Reserve Bank of India had constituted a Committee on the Development of Housing Finance Securitisation Market, on May 29, 2019, with Dr. Harsh Vardhan, Senior Advisor, Bain & Co. …

ICAI Advisory on Auditor’s Reporting on directors remuneration u/s 197(16) of the Companies Act 2013 ICAI has issued an advisory for chartered accountants for Auditor’s Reporting requirement on directors remuneration u/s 197(16) of the Companies Act 2013. The advisory issued is as under: Advisory on Auditor’s Reporting on …