Tag: icds
Case remitted for verification of wrong figure on account of adjustment for ICDS as reported by Tax Auditor. In a recent judgment, the ITAT Chennai remitted the matter for verification where CPC made adjustment u/s 143(1) of the Income Tax Act, 1961 (the Act) due to wrong figure …
CIT revision order on the issue of Reduction in profit due to ICDS-V quashed by ITAT In a recent judgment, ITAT Kolkata quashed the revision order u/s 263 on the issue of reduction in profit due to ICDS-V tangible fixed assets as the allowable depreciation was rightly calculated. …
SEBI extends relaxations relating to procedural matters related to issues and Listing SECURITIES AND EXCHANGE BAORD OF INDIA CIRCULAR SEBI/HO/CFD/DIL2/CIR/P/2021/552 April 22, 2021 To All Registered Merchant Bankers All Recognized Stock Exchanges All Registered Registrars to an Issue All Self Certified Syndicate Banks All listed entities All entities …
Delhi High Court strucks down seven ICDS as ultra vires with CBDT Notification Nos. 87 and 88 dated 29th September 2016 and Circular No. 10 of 2017 ABCAUS Case Law Citation: ABCAUS 2117 (2017) (11) HC The Challenge/Grievance: The Petitioners had challenged the constitutional invalidity of: (i) …
Draft ICDS on Real Estate Transactions-CBDT invites comments. Draft ICDS is based on the Guidance Note issued on Real Estate Transactions by ICAI Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 11th May, 2017. Request for stakeholders comments …
Revised ICDS-IV Revenue Recognition applicable from FY 2016-17 AY 2017-18 CBDT has notified the revised income computation and disclosure standards (ICDS) 2016 I to X Who is required to follow ICDS? These ICDS are to be followed by all the assessees except: (i) individual or a Hindu undivided …
