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Abcaus

coercive steps

Relief granted by CIT(A) accepted in one case in one year can not be challenged in other year

administrator June 8, 2019 Income Tax, ITAT
When relief granted by CIT(A) is accepted in one case in one year, it is not open to revenue authorities to challenge identical relief in other year ABCAUS Case Law Citation: ABCAUS 2997 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: Union of India v. …
Company incorporation

License u/s 8 for new or existing companies with charitable objects – MCA Notification

administrator June 8, 2019 Companies Act
License u/s 8 for new companies with charitable objects to be in Form INC-32 (SPICe) and for existing companies in INC-12. MCA Notification MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 7th June, 2019 G.S.R. 411(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section …
RBI

RBI issues revised Prudential Framework for Resolution of Stressed Assets

administrator June 8, 2019 RBI
RBI issues revised Prudential Framework for Resolution of Stressed Assets Hon’ble Supreme Court, vide its order dated April 2, 2019, had held the RBI circular dated February 12, 2018 on Resolution of Stressed Assets as ultra vires. In light of the same, the RBI Governor had clarified that the Reserve Bank …
MCA SEBI MOU

MCA & SEBI enter into MOU to tighten regulatory oversight by sharing data/ information

administrator June 7, 2019 MCA, SEBI
MCA & SEBI enter into MOU to tighten regulatory oversight by sharing of data and information to keep surveillance on Corporate Frauds affecting economy Ministry of Corporate Affairs Press Release A formal Memorandum of Understanding (MOU) was signed between the Ministry of Corporate Affairs (MCA) and the Securities …
ibbi

EOI for empanel under Insolvency Professionals to act as IRP & Liquidators

administrator June 7, 2019 bankruptcy, Empanelment
EOI for empanel under Insolvency Professionals to act as IRP and Liquidators.Step by Step Guide for submission of online EOI. Last date is 15th June 2019 Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Dated: 7th June, 2019 To, All Registered Insolvency …
income tax disallowance abcaus

Disallowance of entire expenditure on school was arbitrary and unreasonable – ITAT

administrator June 7, 2019 Income Tax, ITAT
Disallowance of entire expenditure on school running was arbitrary and unreasonable. AO was directed to estimate  income @20% of gross receipts ABCAUS Case Law Citation:ABCAUS 2996 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties:Dhakeswari Cotton Mills Ltd. Vs. CIT (1954) 26 ITR 775 (SC)Vidyodaya Educational …

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