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Archive: 22 January 2011

Posts in 22 January 2011

CWG Scam- IT department searched Wizcraft International Entertainment

January 22, 2011 801 Views 0 comment Print

The income tax (I-T) department on Thursday searched the premises of event management company Wizcraft International Entertainment Private Limited to verify if it had attempted to falsify records of income and expenditure. The company was involved in the opening and closing ceremonies of the controversial Commonwealth Games (CWG) held at New Delhi last year.

Supreme Court slams Sibal on telecom audit remark

January 22, 2011 297 Views 0 comment Print

On a day of charges and rebuttals, Communications Minister Kapil Sibal was rebuked by the Supreme Court Friday for his remarks that the official auditor was utterly erroneous in assessing the loss on award of second generation (2G) telecom spectrum at Rs.1.76 lakh crore, while ordering an unbiased probe.

IT raids prominent pan-masala, gutkha manufacturers

January 22, 2011 360 Views 0 comment Print

The Income Tax department today raided business establishments and residences of prominent pan-masala and gutkha manufacturers in 14 states. The raids were conducted on 69 premises related with manufacturers of the tobacco products, sources said.

CPT students who passed December 2010 exams register immediately to appear in IPCE November, 2011 exams

January 22, 2011 559 Views 0 comment Print

Students of CPT who have appeared in CPT examination held in December, 2010 and who would be passing the said examination are advised to register for Integrated Professional Competence Course (IPCC) immediately on declaration of the results, in order

CBI Arrests a Deputy Manager of State Bank of India for accepting a bribe of Rs.30,000/-

January 22, 2011 586 Views 0 comment Print

The complainant, a resident of Kankarbagh, Patna had applied for a loan of Rs.25,00,000/- (Rupees Twenty Five Lacs) for installation of Rice Polishing Plant under Prime Minister Employment Guarantee Programme (PMEGP). For processing favourably of sai

Bank Manager and Three other sentenced for duping 58 lakh

January 22, 2011 330 Views 0 comment Print

The Special Judge for CBI Cases, Chennai convicted the then Manager, State Bank of Mysore, Thiruvanmiyur Branch and three private persons in a bank cheating case. Shri S.U.Shankar, the then Manager, State Bank of Mysore, Thiruvanmiyar Branch, Chennai

IT department visited RBI to inquire about its failure to deduct TDS of more than Rs. 800 crore

January 22, 2011 249 Views 0 comment Print

The Reserve Bank of India had some unusual visitors a week ago. Officials from the tax deducted at source (TDS) wing of the income tax department visited the Reserve Bank of India (RBI) headquarters to inquire into the latter’s failure to deduct tax at source since July 2007 on payments amounting to more than Rs. 800 crore.

Swiss panel gives nod for new tax treaty with India

January 22, 2011 402 Views 0 comment Print

A Swiss Parliamentary Committee has given the go-ahead to the revised tax treaty between India and Switzerland that would eventually allow Indian government access to secret Swiss bank accounts of Indian tax evaders. The amendments to the treaty will now be placed before the Swiss Parliament for final approval.

Pass percentage of CA Final and Final (New) Examination held in November-2010 and CPT -(Paper-pencil mode) held on 19th

January 22, 2011 735 Views 0 comment Print

RESULT ANALYSIS OF CHARTERED ACCOUNTANTS FINAL EXAMINATION (New Syllabus) HELD IN NOVEMBER-2010. The result of the Chartered Accountants Final (New Syllabus) Examination was declared recently. The details of percentage of candidates passed in the above said examinations are given below:

Result of CA Final & Final (New Course) Exam & CPT (Paper-Pencil Mode) held in Nov/Dec, 2009 declared

January 22, 2011 216 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI) today announced the results of Chartered Accountants Final and Final (New Course) Examinations and Common Proficiency Test (Paper Pencil Mode) held in November/December, 2009. The Curriculum of t

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