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Abcaus

ICAI EXAM

ICAI MAY – 2019 Exams-Zone / City – shifting of candidates -Announcement

administrator May 6, 2019 ICAI
ICAI May 2019 Exams-Zone/City shifting of candidates  IMPORTANT ANNOUNCEMENT May 6th, 2019 Subject: Zone / City – shifting of candidates for MAY – 2019 CA Exams Due to paucity of accommodation in certain Zones opted by the candidates in the cities of Ahmedabad, Bengaluru, Bhopal, Chennai, Delhi, Hyderabad, Mumbai, …
principal business

What is principal business of assessee is very tricky question-High Court

administrator May 6, 2019 High Courts, Income Tax
What is principal business of assessee is very tricky question-High Court remands case to ITAT to examine applicability of exception u/s 73 of the Act ABCAUS Case Law Citation: ABCAUS 2905 (2019) (05) HC Important Case Laws Cited/relied upon by the parties Commissioner of Income Tax west Bengal-II …
icai

ICAI 49th Campus Placement Programm- Rise in Highest salary and jobs offered 

administrator May 4, 2019 ICAI
ICAI 49th Campus Placement Programm. Substantial rise in Highest salary and jobs offered  ICAI Press Release- ICAI 49th Campus Placement Programme Over 69 years ago, ICAI was established with about 1700 members and has grown to over 2.90 lakh members. ICAI and the profession have touched new heights …
unexplained cash credit u/s 68

When savings bank interest declared in ITR, it cannot be said that bank account not disclosed

administrator May 4, 2019 Income Tax, ITAT
When bank interest was declared in ITR, it cannot be said that bank account was not disclosed to the Revenue ABCAUS Case Law Citation: ABCAUS 2904 (2019) (05) ITAT The instant appeal was filed by the Assessee against the Order of the CIT(A) on the issue of addition …
cessation of liability

Section 41(1) can not be invoked without any material evidence

administrator May 4, 2019 High Courts, Income Tax
Section 41(1) addition can not be invoked without any material evidence. High Court upheld quashing of addition made on account of remission/cessation of trade liability. ABCAUS Case Law Citation: ABCAUS 2903 (2019) (05) HC The appeal was filed by the Revenue against the order passed by the Income …
fake news

IBBI reacts on misleading news of IANS news story on huge gap in NPA cases

administrator May 4, 2019 bankruptcy
IBBI reacts on misleading news of IANS news story “Huge gap in 12 NPA cases dues with liquidation value.” denies to have made said claims Dated 3rd May, 2019 The EditorIANS India Pvt. LtdA-45 to 50, Right WingFirst Floor, Pioneer HouseSector-16, Noida-201301 U.P. Dear Editor, This has reference …

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