To mitigate the hardship of the students who are sitting in the aforementioned examinations and simultaneously pursuing Chartered Accountants Foundation Course Examination, May 2022, it has been decided to re-schedule the dates of Foundation Course Examination, May 2022.
Jahar Singh Gurjar Vs State of M.P. (Madhya Pradesh High Court) It is the case where petitioner as a complainant is seeking refund of his part of looted amount on interim custody from the trial Court. Total amount, which was recovered allegedly from the possession of the accused, was Rs.53,16000/- whereas the petitioner is seeking […]
Seven Jewels Vs ACIT (ITAT Mumbai) As per the provisions of section 69C of the Act, in case the assessee fails to explain the source of expenditure or part thereof to the satisfaction of the AO, such expenditure shall be considered as unexplained expenditure and be deemed to be income of the assessee. In the […]
Deepak Valji Karia Vs ITO (ITAT Mumbai) ITAT held that assessment order passed u/s. 143(3) of the Act by the Assessing Officer is bad in law and has to be quashed as the Assessing Officer has failed to provide the copies of statements on which he relied on for making assessments and also for not […]
Chhagan Chandrakant Bhujbal Vs ITO (Bombay High Court) Power vested in the commissioner under Section 151 of the Act to grant or not to grant approval to the Assessing Officer to re-open an assessment is coupled with duty and the commissioner is duty bound to apply his mind to the proposal put up to him […]
Pizza toppings costlier than pizza For most of us, a soft crust creamy pizza with loaded cheese, with some spicy rich toppings like jalapenos, corns, bell peppers, sprinkled with love, oregano & chilly flakes, gives us an enriched mouth watering experience , which is just enough to tickle our taste buds and make for a […]
Central Board recommended 8.10% annual rate of interest to be credited on EPF accumulations in members’ accounts for the financial year 2021-22. The interest rate would be officially notified in the government gazette following which EPFO would credit the rate of interest into its subscribers’ accounts.
CCI disposes off 1046 cases out of 1180 cases received under Sections 3 & 4 as on 28.02.2022 The Competition Commission of India (CCI) has received cases against companies (including e-commerce companies) for alleged abuse of dominant position and anti-competitive practices. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit […]
The Department of Pharmaceuticals extends the date of receipt of applications for the vacant slots under Production Linked Incentive (PLI) scheme for Bulk Drugs till the end of March 2022 from the previous deadline of 13.03.2022 Under two rounds of inviting applications, a total 49 projects have been approved so far for 33 critical APIs […]
GST reduced from 18% to 5% for domestic Maintenance, Repair and Overhaul (MRO) services The average number of the passenger carried in the pre-Covid financial year (2019-20) was around 4 lakh per day. On 6th March 2022, domestic airlines in India carried around 3.7 lakh passengers. The number of daily air passengers may cross pre-COVID […]
