Examination

July 9, 2010 The results of the Chartered Accountants Final and Final (New Course) Examinations held in May, 2010 and Common Proficiency Test (CPT) held in June, 2010 are likely to be declared on Monday, the 19th July, 2010 around 2:00 PM and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th Rank in the case of Final Examination and candidates securing a minimum of 60% and above marks and upto the maximu.. Full Article

BOS/Announcement/227/09, Dated: August 10, 2009 An Important Announcement for Students of Professional Education Examination- II – Extension of PE-II Examination by two more attempts i.e. November, 2009 and May, 2010 Students are hereby informed that the Council of the Institute of Chartered Accountants of India, having due regard to the concerns of students belonging to [...] Full Article

It’s not just high-value property transactions that come under the IT’s hawk eyes. The income tax department will scrutinize property deals of even Rs 5 lakh and above to tap tax dues. Thus, the trap is set for those who undervalue their properties to escape the IT net. Sub-registrars have been asked to submit details [...] Full Article

RELAXATION IN CUT-OFF DATE The actual cut-off date for acceptance of Registration Applications relating to Executive Programme for appearing in one module in December, 2009 Session of Examinations is 31st May, 2009. However, in view of the fact that the said date is falling on an official holiday (Sunday), the next working day i.e. 1st June, [...] Full Article

While considering an appeal filed by a student of the Chartered Accountants Examination under the Right to Information Act, 2005, the Central Information Commission recently ordered for supply of certified copies of the answer sheets of a student concerned which was also later confirmed by the Learned Single Judge of Hon’ble Delhi High Court in [...] Full Article

In view of the foregoing, we are in agreement with the findings of Id. CIT(A) that activities undertaken by the taxpayer were in respect of production and export of computer software within the meaning of provisions of section 10B of the Act, especially when the AO himself concluded so for the purpose of section 80HHE of the Act. We are also in agreement with the uncontroverted submission of the Id. AR on behalf of the taxpayer that the taxpayer did not claim any deducti.. Full Article

SUMMARY OF CASE LAW Where the assessee was prohibited by reasonable cause for not deducting the TDS, the penalty imposed under section 271C was liable to be quashed. CASE LAW DETAILS Decided by: ITAT, DELHI BENCH `H’ NEW DELHI, In The case of: Sahara India Fianncial Corpn. Ltd. v. Addl. CIT , Appeal No. : ITA [...] Full Article

CASE LAW DETAILS Decided by: ITAT, INDORE BENCH, INDORE, In The case of: J. C. Bansal v. TRO, Appeal No. : ITA Nos. 115 to 117/Ind/2005, Decided on: May 23, 2008  RELEVENT PARAGRAPH  20. On examination of the license agreement and schedule attached with the same, we find that entire factory building along with plant [...] Full Article