"01 November 2015" Archive - Page 2

All about Bharat Bill Payment System (BBPS) with FAQs

In this article we have discussed 19 Frequently asked question on  Bharat Bill Payment System(BBPS) which is an integrated bill payment system in India offering interoperable and accessible bill payment service to customers through a network of agents, enabling multiple payment modes, and providing instant confirmation of payment....

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Posted Under: Fema / RBI |

ICAI President's Message – November 2015

ICAI Prompt to Act on Disciplinary Matters- I wish to inform the members’ fraternity that in February 2015, there were 129 cases before the Disciplinary Committee. Till date, 93 cases have been fixed for hearing and 41 cases have been heard and concluded and remaining 52 cases are at different stages of disciplinary proceedings. Similar...

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Posted Under: Fema / RBI |

Code of Conduct for Directors Including Independent Directors & Senior Management

Good corporate governance practice calls for implementation and maintenance of sound standards of business conduct of affairs of a company. Thus fair and transparent manner of carrying out business by adopting highest standards of professionalism, honesty, integrity and ethical behavior together with complete compliance of laws are the pr...

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Posted Under: Fema / RBI |

Principles & Procedures of Assessment u/s 153C

CIT Vs RRJ Securities Ltd. (Delhi High Court)

a person other than the person referred to in section 153A, then, the books of account or documents or assets, seized or requisitioned shall be handed over to the Assessing Officer having jurisdiction over such other person ] and that Assessing Officer shall proceed against ...

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Finding of photocopies with searched person does not mean they belong to person holding originals

Pepsico India Holdings Private Ltd Vs ACIT (Delhi High Court)

Pepsico India Holdings Private Ltd vs. ACIT (Delhi High Court)-Possession of documents and possession of photocopies of documents are two separate things. While the Jai puria Group may be the owner of the photocopies of the documents it is quite possible that the originals may be owned by some other person....

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