"18 January 2016" Archive

ICAI suggested Standard Arbitration Clause for various legal documents

The Committee on Economic, Commercial Laws & WTO of the ICAI has recommended to issue an Advisory to Members for incorporating the Standard Arbitration Clause in the various legal documents/deeds/contracts/ agreements etc. in order to achieve the objective to make India as preferred choice for the Arbitration so that India may become the ...

Posted Under: CA, CS, CMA |

Extended limitation period on issues interpreted differently by different courts

M/s. Aarti Industries Ltd. Vs CCE (CESTAT Mumbai)

The CESTAT Mumbai in the case of M/s Aarti Industries Ltd. vs. CCEx, Thane held that wrong availment of Cenvat credit cannot be said to a willful attempt of suppression with the intent to evade the payment of duty when the matter has been interpreted in different manner by different tribunals and courts....

No Shortcuts to Financial Security: Time to experience power of 5

As Indians we always love Jugaad. We are experts at finding hacks and cracks and working on shortcuts for any problem that we need to solve. More often than not, these shortcuts are innovative and ingenious solutions which are widely appreciated. Even so these same Jugaads fail to provide solutions in the long run and […]...

Posted Under: CA, CS, CMA |

Roadmap drawn-up for implementation of Ind AS converged with IFRS

Roadmap drawn-up for implementation of Indian Accounting Standards (Ind AS) converged with International Financial Reporting Standards (IFRS) for Scheduled Commercial Banks (Excluding Rrbs), Insurers/Insurance Companies and Non-Banking Financial Companies (NBFC’s) ...

Posted Under: CA, CS, CMA |

Widowed daughter-in-law is entitled to be considered for compassionate appointment

Smt. Duliya Bai Yadav, Vs State of Chhattisgarh, (Chhattisgarh High court)

It is quite vivid that the implied exclusion of daughter-in-law from the fray of consideration by the State Government without considering the fact as to whether the daughter-in-law is dependent or not is constitutionally impermissible. The Government must provide for consideration of all those persons who are dependants of the deceased G...

A dependant of the deceased SECL employee having opted and obtained benefit of monetary compensation, cannot claim for dependant employment based on doctrine of election.

Laxmi Narayan Verma Vs South Eastern Coalfield Ltd. (Chhattisgarh High Court)

Petitioner’s father Shri Hemlal while working as Electrical Helper in the respondent/SECL died in harness on 14.09.1994 leading to grant of monthly monetary compensation in lieu of employment on 3.1.1995 to the extent of Rs. 2000/- per month to the petitioner’s mother in terms of Clause 9.5.0 (ii) of the National Coal Wage Agreement-V...

Pass percentage & Toppers of CA Final Nov 15 & CPT Dec 15

The Institute of Chartered Accountants of India (ICAI) today announced the following results. 1)      Chartered Accountants Final Examination held in Nov, 2015. 2)      Common Proficiency Test held in Dec, 2015. Since December 1949, the Chartered Accountancy Examination is held twice in a year. The top three rank holders on ...

Posted Under: CA, CS, CMA |

Region wise Result of CA Final Exam Nov 2015 and CPT Dec 2015

Result – Region wise Notifications CPT December 2015 Central Eastern Northern Overseas Southern Western Final November 2015 Central Eastern Northern Overseas Southern Western Source- ICAI...

Posted Under: CA, CS, CMA |

Will Power: The Biggest Force!

See! The result is not an end, This is the beginning of transcend.If pass, then you eligible for the new chapter, If not, then too eligible with new ways for same chapter....

Posted Under: CA, CS, CMA |

CBEC compiling List of prosecution up to 5 Lakh cases in Excise

F. No. 96/54/2014-CX.1 18/01/2016

The undersigned is directed to inform that this office is carrying out a study to explore whether the cases where prosecution proceedings are pending for more than 15 years and involving Central Excise duty of up to Rs. 5 lakhs, needs to be withdrawn....

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