"29 August 2015" Archive - Page 2

No Penalty u/s 271FB if Assessee has no malafide intentions

M/s. Ashok Trading Co. Vs I.T.O (ITAT Kolkata)

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...

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Materials collected & Statements recorded during Survey u/s 133A are not conclusive evidences

Pankaj Plastic Industies Vs I.T.O. (ITAT Kolkata)

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 ...

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Acceptance of Deposits by Companies under Companies Act, 2013

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...

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Posted Under: Income Tax |

Notes on Micro-Finance Institution

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...

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Posted Under: Income Tax |

CA FINAL Excise Duty Case laws relevant for Nov 2015 Exams

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 .The case laws in italics are fresh addition in current supplementary module. ...

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Posted Under: Income Tax |

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September 2021