1. The Institute of Chartered Accountants of India (ICAI), being one of the premier accounting bodies, has achieved global recognition over the years for maintaining highest standards in technical, ethical areas and for sustaining stringent examination and complying with International Education Standards issued by International Federation …
Judgement:- The Income Tax Appellate Tribunal (ITAT) deleted the addition confirmed by the Lower Authorities without pointing any defect in the bank transfer and bank statement of the moneylender. Facts of the case:- The Assessee, M/s. Aarya Organic Foods & Ayurvedic Industries Pvt. Ltd. is a …
1. The Central Government has released the Charter for Chartered Accountants under Foreign Contribution (Regulation) Act (FCRA), 2010 Since the Foreign Contribution (Regulation) Act, 2010 is national security legislation, associations are required to exercise extreme care and caution in dealing with foreign contribution from the time …
Judgement:- The Income Tax Appellate Tribunal (ITAT) Bangalore, held that the gain on sale of land is to be regarded as income under the head “capital gain” and is therefore entitled to all the deductions permissible while computing income under the head “Capital Gain”. Facts of …
Judgement:- The Kerala High Court ruled that the writ court cannot be approached in Goods detention cases if effective alternative remedies of provisional clearance and appeal are available. Facts of the case:- The petitioner, Podaran Foods India Private Limited filed the writ petitions challenging detention orders …
1. The Charter for Chartered Accountants under Foreign Contribution (Regulation) Act (FCRA), 2010 has been notified. Since the Foreign Contribution (Regulation) Act, 2010 is national security legislation, associations are required to exercise extreme care and caution in dealing with foreign contribution from the time of its …
1. The Institute of Cost Accountants of India (ICMAI), issued the notification to revise Certified Management Accountant (CMA) Course Fees. 2. The Council has approved revised course fees to be implemented with effect from 11th February 2021 (December 2021 term and onwards). 3. The course fees …
The Institute of Company Secretaries of India (ICSI) implemented its New Training Structure on 3rd February 2021, as per Regulation 46BA and 46BB under The Company Secretaries (Amendment) Regulations, 2020. The new training structure will harness the soft skills and develop the core competencies of students, …
1. The government issued the corrigendum regarding Basic Custom duty (BCD) on various goods for cellular mobile phones. 2. The government issued a corrigendum in respect of the notification No. 02/2021-Customs, dated 1 February 2021, which seeks to amend S notification No. 50/2017-Customs dated 30th June, …