81 Sections of Chartered Accountants, the Cost and Works Accountants and the Companies Secretaries (Amendment) Act, 2022 have been brought into force w.e.f. 10th May, 2022. Provision pertaining to disciplinary mechanism have not been brought into force.
Ministry of Corporate Affairs has amended Rule 13 of the National Financial Reporting Authority Rules, 2018 [Punishment in case of non-compliance] on 17th June, 2022
Held that the sale of SIL shares held by the assessee as investment is to be treated as short term capital gain and not as business income.
Held that as per the reply notice, the petitioner has waived the right to settle the dispute in an arbitration proceedings. Accordingly, if the right is once waived it cannot be allowed to be reclaimed.
Central Bureau of Narcotics busts illicit drug manufacturing kitchen lab at Karnal, Haryana Acting on the said specific information, officers of Central Bureau of Narcotics, New Delhi, raided on 05/07/2022 and busted a clandestine Kitchen Lab where narcotics drugs containing Diphenoxylate was being manufactured. Preventive and Intelligence Cell , Central Bureau of Narcotics, New Delhi […]
Held that right to file the application u/s 8(1) of A&C Act, after the statutory period to file the written statement, is closed
Withdrawal of the Guide to Reporting on Proforma Financial Statements (Pursuant to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009)
Jai Balaji Industries Limited vs DCIT (ITAT Kolkata) The assessee has pointed out that it has made advance payment of Rs.9,39,708/- to Tata Metaliks DI Pipes Limited for purchase of scrap materials. This claim of the assessee has been rejected by the Revenue Authorities on the ground that this exact amount is not discernable from […]
A list of 6788 claims received as on 18.07.2022 along with deficiencies noticed in the scrutiny of claims, is being posted on the website for the information of investor claimants
Held that as summoning of the petitioners by the respondents would not amount to taking any coercive steps like arresting them or prosecuting them, but only to proceed forward with the investigation. Such summons not contrary to the provisions of Cr.P.C.
