1. The Central Board of Direct Taxes (CBDT) notified the Chief Executive Officer, Center for e-Governance, Karnataka to share Information regarding income-tax assessments. “In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of Section 138 of the Income-tax Act, 1961, the Central Government hereby …
The Ministry of Corporate Affairs (MCA) notified the Producer Companies Rules, 2021. The provisions of the new rules shall apply to a Producer Company as referred in clause (l) of section 378A of the Companies Act, 2013 As regards the change of place of registered office …
PwC Recruitment 2021. PwC recruiting CA for Chartered Accountant and issued online Job notification to accept Applications. PricewaterhouseCoopers Service Delivery Centre (Kolkata) Private Limited is a joint venture in India among members of the PricewaterhouseCoopers network that will leverage the scale and capabilities of the network. …
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, while granting relief to the IDBI Bank deleted the disallowance on expenditure incurred in relation to income not includible in total income. Facts of the case:- The assessee, IDBI Bank has received an amount of Rs.131,15,55,304 as dividend …
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 …