"18 May 2021" Archive

CS Executive Entrance Test May 2021 result on 20.05.2021

The Result of CS Executive Entrance Test (CSEET)held on 8th and 10thMay, 2021 would be declared on Thursday, the 20thMay, 2021at 3:00 PM. The result along with individual candidate’s subject-wise break-up of marks will be made available on the Institute’s website: www.icsi.edu  ...

Read More
Posted Under: CA, CS, CMA |

Assessment Order passed on Non-Existing Company is void ab initio

PCIT Vs Sony Mobile Communications India Pvt. Ltd. (Delhi High Court)

PCIT Vs Sony Mobile Communications India Pvt. Ltd. (Delhi High Court) 1. The Assessment Order was made in the name of the assessee in which return of income was filed but the Assessee had already been amalgamated in another company and so the order was passed in the name of a non existent company. 2. […]...

Read More

Procedure of accepting deposits from Members under Companies Act, 2013 in brief

 Section 73 – 76 of Companies Act, 2013 r/w Rules as per Chapter V of Companies Act, 2013 governs the mechanism related to invitation and acceptance of deposits. Section 2(31) of the Companies Act of 2013 defines ‘deposit’ to include any receipt of money by way of deposit or loan or in any other form […]...

Read More
Posted Under: CA, CS, CMA |

Maintenance of Books of Accounts: Section 128 | Companies Act, 2013

Maintenance of Books of Accounts is one of the Mandatory compliances that every company needs to follow irrespective of its nature whether its a private limited, public limited, OPC, or LLP, each of these entities requires obeying Section 128 of the Companies Act, 2013 mandatorily....

Read More
Posted Under: CA, CS, CMA |

Policvbazaar penalised for sending SMS in Violation of IRDAI norms

Notification No. IRDA/INT/MISC/ORD/140/05/2021 18/05/2021

Regulation 9 of IRDA (Insurance Advertisements and Disclosure) Regulation, 2000 stipulates that every advertisement for insurance shall state the full registered name of the insurer/ intermediary/ insurance agent. Policybazaar did not disclose their name in the SMS sent to policyholders....

Read More

E Way Bill & Vehicle Tracking Module By NIC

We are pleased to inform you that e-Way Bill system is successfully integrated with FasTag and RFID, and details of commercial vehicle movements through the state and national highway tolls are received into e-Waybill system on a near real time basis. On an average 25 Lakh goods vehicle movements from more than 800 tolls are […]...

Read More
Posted Under: CA, CS, CMA |

E-Compendium of CESTAT Case Laws – Pro – Revenue

This is the fourth year since the introduction of GST in July, 2017. Despite a sizeable liquidation of appeals under the Sabka Vishwas (Legacy Dispute Resolution) (SVLDR) Scheme, we still find more than 40,000 appeals of Central Excise and Service Tax pending at CESTAT and inflow of such appeals at the Honble Tribunal has not much dwindle...

Read More
Posted Under: CA, CS, CMA |

Alteration of Share Capital vs. Reduction of Share Capital under Companies Act, 2013

1. Alteration is much wider term than Reduction, since Alteration may be increase or decrease or cancellation in share capital, but Reduction is a much restricted phenomena wherein the only consequence that needs to be achieved here is overall decrease in Share Capital. 2. As per Section 61 of Companies Act of 2013, there are […]...

Read More
Posted Under: CA, CS, CMA |

Cost for providing parking space to shop owners of Mall allowable

Crown International Vs ACIT (ITAT Delhi)

Crown International Vs ACIT (ITAT Delhi)  There is no dispute on the amount as well as of the fact that the adjacent plot was used for parking space by the shop orders. The only reason is that there was no legal obligation on the assessee to provide a parking space to the shop owners and […]...

Read More

Punishable with Fine Vs Liable to Penalty under companies Act, 2013

Clarification regarding the confusion between the words Punishable with Fine and Liable to Penalty There is always confusion between the word fine and penalty So,Let us first understand the basic meaning of Fine and Penalty and the difference, if any, between the two. Definition of Fine As per the definition provided in Oxford Dictionary:...

Read More
Posted Under: CA, CS, CMA |

Search Posts by Date

August 2022
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031