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2 Year Imprisonment to Then Superintendent of Central Excise in Bribery Case

May 19, 2014 1463 Views 0 comment Print

Special Judge for CBI Cases, Indore has convicted Shri Rajendra Kumar Arya, then Superintendent (Audit) Service Tax, working in the Office of Commissioner, Central Excise & Customs and Service Tax, Indore and Shri Manish Pal (Private person), in a bribery case. Shri Rajendra Kumar Arya, then Superintendent was sentenced to undergo two years Rigorous Imprisonment […]

HC deletes addition on creditors as three ingredients of cash credit been established

May 19, 2014 2558 Views 0 comment Print

After hearing both the parties, it appears that the A.O. has passed the assessment order under Section 143(3) of the Act, after examining the entire material. The issue relating to the cash credit was also examined by the Tribunal

Notification No. 6/2014 -Income Tax Dated 19/5/2014

May 19, 2014 625 Views 0 comment Print

Notification No. 6-Income Tax The President is pleased to accept the technical resignation of Shri Rahul P.R., (100DJ), Asst. DIT (prosecutions), Kochi from Indian Revenue Service with effect from 20.12.2013.

Empanelment with Vijya Bank for Concurrent Audit for the year 2014-15

May 19, 2014 12563 Views 0 comment Print

Advertisement for web based applications from Chartered Accountant firms for empanelment for the year 2014-15 Applications are invited from Chartered Accountant firms for selection of Concurrent Auditors of the branches/offices for the period  01.07.2014 to 30.06.2015. The eligibility criteria for selection of Concurrent Auditors are as follows: 1)         The Chartered Accountant firms/Concurrent Auditors should be […]

Overseas Direct Investments – LLP as Indian Party

May 19, 2014 1201 Views 0 comment Print

On a review, it has been decided to notify a Limited Liability Partnership (LLP), registered under the Limited Liability Partnership Act, 2008 (6 of 2009), as an “Indian Party” under clause (k) of Regulation 2 of the Notification ibid. Accordingly, an LLP, may henceforth undertake financial commitment to / on behalf of a JV / WOS abroad in terms of the extant FEMA provisions under Regulation 6 (and regulation 7, if applicable) of the Notification ibid.

The Cost Accountants’ Chapters (Amendment) Bye-laws, 2014

May 19, 2014 1078 Views 0 comment Print

In exercise of powers conferred by Regulation 146 of the Cost and Works Accountants Regulations, 1959, the Council of the Institute of Cost Accountants of India hereby makes the following Bye-laws to amend further The Cost Accountants’ Chapters Bye-laws, 2013

MCA provides One time opportunity for extension of Period of Reservation of Name

May 18, 2014 4395 Views 0 comment Print

Services for incorporation of companies were not available on the MCA 21 portal to stakeholders from 1st April, 2014 to 28th April, 2014 because of the deployment requirements for new E-forms. Many stakeholders had reserved names for the purpose of Company incorporation with 60 days prescribed validity expiring during the above mentioned period.

CAG: The Watchdog of Indian Revenues

May 17, 2014 4479 Views 0 comment Print

The most discussed topic in the recent times was that whether the CAG can audit the books of Private Sector Company. The people had different views on this. Some had given their opinion that the opening of books of accounts of the company would lead to destruction of investors sentiment, other were giving the opinion […]

Disclosure requirement by directors under Companies Act, 2013

May 17, 2014 33177 Views 0 comment Print

Disclosure of interest by Director -Section 184 of Companies Act, 2013 . General Disclosure [section 184(1)] 1. Before the first board meeting in which he participates as director and thereafter at the first board meeting in every financial year

CBDT Orders Posting of 195 Commissioners and JCIT

May 17, 2014 8410 Views 0 comment Print

The CBDT has vide Order No. 69 of 2014 dated 16.05.2014 ordered the postings of 47 officers of the grade of Commissioner/ Director of Income-tax.These officers were earlier promoted vide order no. 32 of 2014 dated 20th February, 2014. Download Order No. 69 of 2014 dated 16.05.2014

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