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Abcaus

mca notification

ICAI not authorised to clarify on applicability of auditors rotation – MCA

administrator February 16, 2019 Companies Act, ICAI
 ICAI not authorised to clarify on applicability of auditors rotation in a company u/s 139 of the Companies Act, 2013, MCA asks ICAI to withdraw announcement F. No. 01/33/2013-CL.V (Pt.)Government of IndiaMinistry of Corporate Affairs 5th Floor, A Wing, Shastri Bhawan,Dr. Rajendra Prasad Road, New Delhi- 110001 Dated:- …
reopening notice u/s 148

Even if there is non-application of mind at original asssessment, re-opening is bad in Law – HC

administrator February 15, 2019 High Courts, Income Tax
Even if at passing the original assessment order, there is a mistake or non-application of mind, initiation of re-assessment the proceedings bad in law – HC  ABCAUS Case Law Citation: ABCAUS 2785 (2019) (02) HC Important Case Laws Cited/relied upon by the parties Calcutta Discount Co. Ltd. Vs. …
Retraction of statement

Statement recorded u/s 131 cannot be independently used for making addition

administrator February 15, 2019 Income Tax, ITAT
Statement recorded u/s 131 though binds the assessee cannot be independently used for making addition unless corroborated by evidences – ITAT ABCAUS Case Law Citation: ABCAUS 2784 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties CIT Vs M/s. Hotel Meriya ; Produce Co. Ltd. vs …
Bail

IRS Officer along with mother sent to Rigorous Imprisonment for disproportionate assests

administrator February 15, 2019 Income Tax
IRS Officer along with mother sent to Rigorous Imprisonment in a disproportionate assests case by the CBI Court The Special Judge, CBI Cases, Dehradun (Uttarakhand) has sentenced Shri Swetabh Suman (an IRS Officer of 1988 Batch), the then Additional Commissioner of Income Tax, Jamshedpur to undergo seven years …
Supreme Court judgment

Information Commissioners to be appointed from other streams also – Supreme Court

administrator February 15, 2019 RTI
Information Commissioners appointed from other streams also and not limited only to the Government employee/ex government employee – Says Supreme Court. Search Committee to make the criteria for shortlisting candidates public ABCAUS Case Law Citation: ABCAUS 2783 (2019) (02) SC A Public Interest Litigation was filed by the …
cbdt chairman

ITD has become more technology driven and taxpayer friendly – CBDT Outgoing Chairman

administrator February 15, 2019 Income Tax
ITD has become more technology driven and taxpayer friendly organisation committed to collect the revenue while not losing sight of the citizen-centric initiatives – says CBDT Outgoing Chairman In a message, Shri Sushil Chandra, outgoing Chairman, CBDT has expressed thanks to Income Tax Family for their support and said …

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