In the case M/s. Ashok Trading Co. Vs. ITO the Hon’ble Kolkata ITAT held that as per sub-section (2) of 115WD, if the assessee had not filed the return of Fringe Benefit but in the opinion of the AO he should have filed the return
In the case of Pankaj Plastic Industries Vs. ITO the Hon’ble Kolkata ITAT held that The materials found in the course of survey would not be the basis for making any addition in the assessment. The word “may” used in section 133A (3)(iii) of the Act makes it clear that the materials collected
Overview of dealing sections, provisions & rules – Chapter V of Companies Act, 2013, Section 73 to 76 of Companies Act, 2013, Companies ( Acceptance of Deposits ) Rule, 2014, Companies ( Acceptance of Deposits ) Amendment Rule, 2015, MCA general circular No. 09/2015
According to International Labor Organization Micro Finance is an economic development approach that involves providing financial services through institution to low income clients. The meaning of Finance is management of money. Microfinance institutions (MFIs) typically offer a variety of loan products and, increasingly, savings services as well.
About Notes: The case laws are summarized from supplementary study material issued by The Institute of Chartered Accountants Of India for the Final Examination to be held in May 2015. For detail case study, please visit http://220.227.161.86/35311scasesp7.pdf .The case laws in italics are fresh addition in current supplementary module.
