“IBC takes 300 days, BIFR took 5-8 yrs”-IBBI denies news published by Business Standard quoting affidavit submitted in the NCLAT The Business Standard recently published a news item stating that according to Chairman IBBI, the entire process of debt resolution under Corporate Insolvency Resolution Process (CIRP) takes nearly …
RBI specify threshold percentage for disclosure of divergence in asset classification & provisioning by banks with additional provisioning assessed by RBI The RBI vide Notification dated 18.04.2018 mandated disclosures by banks on divergences from prudential norms on income recognition, asset classification and provisioning exceed certain thresholds. It had …
Non Members not aggrieved person so as to have a right to challenge the Disciplinary order of ICAI. Supreme Court dismissed SLP against High Court Order ABCAUS Case Law Citation:ABCAUS 2856 (2019) (04) SC The Hon’ble Supreme Court had dismissed a special leave petition (SLP) against the order …
Supreme Court dismisses SLP of Income Tax Department against Radhika Roy, wife of NDTV founder Prannoy Roy ABCAUS Case Law Citation:ABCAUS 2855 (2019) (04) SC Important Case Laws Cited/relied upon by the parties Olympia Paper & Stationery Stores vs. Assistant Commissioner of Income Tax, 63 ITD 148 Lately, …
ICAI set up an online support panel for bank branch audit queries from April 1st, 2019 till April 15th, 2019. The facility is managed by experts With a view to support chartered accountants for fast resolution of queries, the Auditing and Assurance Standards Board (AASB) of ICAI has …
CAs also help in bringing transparency in the political system of the country said ICAI President referring to Guidance Note on Accounting of Political Parties ICAI President, CA Prafulla Chhajed, in his message has stated that being harbingers of growth and partnerin-nation-building, the Chartered Accountants have an important …
