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Archive: 03 November 2015

Posts in 03 November 2015

Completion of reassessment without issue of reasons is invalid: HC

November 3, 2015 742 Views 0 comment Print

In the case of CIT v Trend Electronics, Bombay Court held that before issuance of reopening notice for assessment, the Revenue have to furnish the reasons for it. Otherwise, the notice will be considered as bad in Law.

Application for Duty Credit Scrips of additional 2% under Market Linked Focus Product Scheme

November 3, 2015 357 Views 0 comment Print

Trade Notice 08/2015- Trade Notice 08/2015 Under the Foreign Trade Policy 2009-14, DGFT vide Public Notice No. 53 dated 27.2.2014 allowed for grant of additional Duty Credit Scrips @ 2% to certain specified products under the Market Linked Focus Product Scheme (MLFPS) for exports made w.e.f. 1.3.2014 to 31.8.2014 if exported to the EU (27 countries). This 2% duty credit scrips was in addition to the benefits of 2% under Focus Product Scheme (FPS).

CA students may submit feedback on November 2015 Exams

November 3, 2015 959 Views 0 comment Print

It is hereby informed that candidates can bring to the notice of the Examination Department, their observations, if any, on the question papers relating to CA Examinations being held in November 2015, by e-mail at examfeedback@icai.in or by way of a letter, sent by Speed Post, at the following address, so as to reach us not later than one week from the date of the last examination, i.e. 30th November, 2015.

An Apprisal of ICAI Single Transferable System of Voting

November 3, 2015 1277 Views 0 comment Print

Each voter has only one vote for election to the Council and one vote for election to the Regional Council. The voter, in order to cast his vote, shall place on his ballot paper the number 1 (in Arabic or Roman numerals, or in words) against the name of the candidate for whom he desires to vote, and may, in addition, place on his ballot paper the number 2, or numbers 2 and 3, or the numbers 2, 3 and 4 and so on opposite the names of other candidates in the order of his preference.

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