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Archive: 03 December 2017

Posts in 03 December 2017

Free YouTube Live on The global landscape –  from market’s to trade

May 24, 2024 420 Views 0 comment Print

Join us for an insightful and dynamic YouTube Live session on “The global landscape –  from market’s to trade.” with renowned financial analyst Ankit Baid, MBA Finance. The presentation explores shifting of the global economic landscape, focusing on the decline of US dominance and the rise of China. It examines the potential decrease in global […]

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7488 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

SC fines Litigant for filing Incomprehensible English Translation of Judgment

December 3, 2017 1041 Views 0 comment Print

The reason for imposing costs on the petitioner is that on perusal of the translation filed by the petitioner, we find that the impugned judgment does not make out any head and tail. It is difficult to read much less to understand as to what the judgment contains.

Appropriate rate of interest for estimating ALV of Property let out without rent

December 3, 2017 1302 Views 0 comment Print

In our opinion, for determining the income from the property, it should be rate of return on the investment of similar amount in another asset. Therefore, in our opinion, the Commissioner (Appeals) was fully justified in estimating the ALV on the basis of interest which assessee would have earned on the investment of the similar amount.

Scrutiny proceedings cannot be initiated if notice U/s. 143(2) served after statutory time period

December 3, 2017 3939 Views 0 comment Print

No scrutiny proceedings can be initiated if notice under section 143(2) is not received by assessee within the prescribed period.

Audit and its Impact in GST

December 3, 2017 5475 Views 1 comment Print

Audit is just 5 letters words but its impact is far beyond these numbers. Every coin has two sides one GST is based on self assessment u/s 59, but if this provision is not controlled by any other provision then

How to grow CA firm Practice

December 3, 2017 34407 Views 10 comments Print

When you finally opt for practice after coming out of the dilemma of whether to opt for practice or job; another big question that comes to your mind is How to grow practice. As advertisement and other means of soliciting clients are prohibited for Chartered Accountants

CBI charge sheets then Deputy Commissioner Of Customs In Bribery Case

December 3, 2017 969 Views 0 comment Print

The Central Bureau of Investigation has filed a charge sheet before the Special Judge, CBI Cases, Ahmedabad against then Deputy Commissioner of Customs, Mundra and a private person in a bribery case.

VAT in UAE: Transitional Rules

December 3, 2017 9336 Views 0 comment Print

VAT is effective from 1st January 2018 in the UAE though transactions will be in pipeline for the businesses as payment received or supplies done before effective date. Some of the key transitional rules and detailed Article 70 of the Executive Regulations of the UAE VAT Law.

Penalty for transfer pricing adjustment not justified if ALP was determined in good faith and with due diligence

December 3, 2017 3105 Views 0 comment Print

A division bench of the Delhi ITAT, last week held that penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot be levied if the Arm’s Length Price (ALP) was determined as per the scheme of section 92C in good faith and with due diligence.

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