The High Court noted with anguish that even at the second appellate stage the matters are being dealt with in such a casual manner. The High Court stated that it did not expect the Tribunal, which the highest fact-finding authority in matters relatin
Important Note by ICAI to Students while downloading Admit Card : “ Students are requested to download their admit card using their registration no. only and not the bar code no.” CA November 2010 PCC, IPCC & Final Exams Admit card/Hall ticket avai
the following Members of the Tribunal are hereby transferred in public interest, in the same capacity, to the Bench/es of the Income Tax Appellate Tribunal as shown against their names with effect from the afternoon of 25th October, 2010. Shri. G. S. Pannu, AM Shri. A. L. Ghelot, AM. Shri. R. C. Sharma, AM. Shri. D. K. Srivastava, AM
Due to paucity of accommodation in some Zones opted by the candidates in the cities of Bangalore, Chennai , Delhi, Indore and Kolkata, some of the candidates have been allotted examinations centres in other zones of the said cities where the accommo
The Help Line Desk will be functional from 18th October to 16th NOVEMBER, 2010 for 24 hours on all days (inclusive of holidays and Sundays) to attend to any query relating to the ensuing Chartered Accountant Examinations to be held from 8th to 16th N
E-Filing for AY 10-11: Quick Statistics (as on 15th October 2010) HIGHLIGHTS OF e-FILING SEASON AY 10-11 (up to 15/10/2010) (1) COMPARATIVE PROGRESS OF e-FILING OF RETURNS
The RBI permission makes Visa the only electronic card payments technology company in India to support over forty banks, including ICICI Bank, Canara Bank and HDFC Bank, to enable them to offer their cardholders the facility of receiving remittances
Net direct tax collections during the period April-September 2010 stood at Rs.1,81,758 crore, up from Rs.1,52,625 crore in the same period last fiscal, registering a growth of 19.09 percent in H-1 against the Budgeted annual growth target of 13.67 pe
In accordance with the decision taken by the Council of the Institute recently, it is brought to the notice of the student community that henceforth (i.e. from June, 2010 Examination Session onwards), Pass Certificates will be issued only to suc
The assessee let out property on a rent of Rs. 90,000 per month and also received interest-free security deposit of Rs. 8.58 crores. The property was not subject to the Rent Control Act. The assessee claimed that only the rent could be taken into account for determining the ‘annual value’ of the property and not the notional interest on the deposit. The AO determined the ‘annual value’ u/s 23(1)(a) by adding Rs. 30 lakhs of notional interest. The CIT (A) and Tribunal deleted the addition by holding that the rateable value as determined by the MCD had to be taken as the “fair rent” u/s 23(1) (a) and the notional interest could not be added either u/s 23(1)(a) or u/s 23(1)(b). On appeal by the department HELD:
