Assistant Director, Income Tax (Investigation) sentenced to five years Rigorous Imprisonment with a fine of Rs. one lakh in a bribery case. The Special Judge, CBI Cases, Dhanbad (Jharkhand) has sentenced Sh. Swarn Singh, then Assistant Director, Income Tax (Investigation), Dhanbad to undergo five years Rigorous Imprisonment with …

Corpus donation with specific purpose of purchase of lands for furtherance of the objects not income u/s 2(24)(iia) as they were capital receipts for specific purpose – ITAT ABCAUS Case Law Citation: ABCAUS 2781 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties ITO Vs. Vokkaligara …

CBDT forms committees on litigation management. Committees shall examine suggestions/issues on litigation management including International Good practices CBDT in order to minimise and effectively resolve tax litigation has formed two committees. The decision was taken in the discussion held during the judicial conference held on 01.01.2019  Suggestions and …

ICAI elects New Torchbearers for the year 2019-20 The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountancy in India. ICAI is celebrating 70th year of its meaningful existence with …

ICAI has issued an educational Material on Indian Accounting Standard (Ind AS) 111, Joint Arrangements The Educational Material on Ind AS 111, Joint Arrangements will provide guidance to the stakeholders in how an entity that is a party to a joint arrangement to determine the type of joint arrangement …

Request for Proposal for Appointment of Internal Auditor to IBBI. Last Date and time for submission of Tender Document 28th February 2019 The IBBI with its Head Office located at 7th Floor, Mayur Bhawan, Shankar Market, Connaught Circus, New Delhi -110001 seeks to appoint a Chartered Accountant (CA) …