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Archive: 30 November 2010

Posts in 30 November 2010

ICAI President's Message – December 2010

November 30, 2010 588 Views 0 comment Print

All of us have responsibility towards the society we live in. Let us realise the position of our profession and understand that we should better displease others and do what we know is right than we make others happy by doing what we realise is unjus

Trai to impose hefty penalties on unwanted calls from tomorrow

November 30, 2010 327 Views 0 comment Print

In a move that will give major relief to millions of subscribers, telecom regulator Trai will tomorrow announce new guidelines to curb the menace of unsolicited calls by imposing hefty penalties on errant telemarketing firms and operators. Beside

Service tax on construction- Gujarat HC issues notice to Centre on service tax

November 30, 2010 372 Views 0 comment Print

A division bench of the Gujarat high court, headed by chief justice SJ Mukhopadhaya, has issued notices to the Union finance ministry and service tax department, with regards to a petition filed, seeking to withdraw service tax on construction of res

ICAI- CPT December 2010 Exam Hall Ticket/Admit Card available for download

November 30, 2010 1232 Views 0 comment Print

CA CPT DECEMBER 2010 Exam Hall Ticket/Admit Card available for download. You can download Hall ticket from the following official link of ICAI. www.icai.nic.in/admit.php

If noting incriminating found in the course of search relating to any of the A.Y., the assessments for such years could not be disturbed

November 30, 2010 2432 Views 0 comment Print

Assistant Commissioner of Income tax v. Srj Peety Steels (P) Ltd. (ITAT Pune) – When noting incriminating was found in the course of search relating to any of the assessment years, the assessments for such years could not be disturbed; further, consumption of the electricity for the manufacture of mild steel ingots / billets depends on various factors and the AO did not attempt to establish a direct nexus between production and electricity consumed and therefore no addition was called for.

Govt examining draft Act for CBI

November 30, 2010 354 Views 0 comment Print

The government is examining a separate draft Act for CBI submitted by the premier investigation agency. The Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice had supported the view of CBI Director and impressed upon th

FM to Inaugurate Tomorrow a two-day Conference on “Economic Policies for Inclusive Development”

November 30, 2010 276 Views 0 comment Print

Union Finance Minister, Shri Pranab Mukherjee will inaugurate a two-day International Conference on “Economic Policies for Inclusive Development” tomorrow. The Conference is being jointly organized by the Department of Economic Affairs, Ministry of F

Sahara Calls SEBI Order Irresponsible, Claims Officials Acted With Malice

November 30, 2010 270 Views 0 comment Print

Stung by market regulator SEBI’s ban on its firms and supremo Subrata Roy from raising money from the public, the Sahara Group Sunday dubbed the order as “irresponsible” and said it will soon challenge the order that reflected “malice and bias” on th

CAG hints at a scam in the environment ministry

November 30, 2010 321 Views 0 comment Print

The Comptroller and Auditor General on Friday hinted at a scam in the environment ministry, saying non-government organisations swindled 96% of the money meant for planting trees, the ministry has no record of how Rs 600 crore was spent in the last 2

Big 4 Bombshell- “We Didn’t Fail Banks Because They Were Getting a Bailout”

November 30, 2010 258 Views 0 comment Print

The Economic Affairs Committee of the House of Lords questioned representatives of the four largest audit firms on the issue of “going concern” opinions during the financial crisis. In particular, why were there none for the banks that failed, were b

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