Recently ITAT , Mumbai held that application for stay before the Tribunal arising out of assessment order passed by the Assessing Officer (AO) in pursuance to direction given by the Dispute Resolution Panel (DRP) is maintainable even though no stay application was filed before the lower authorities (tax department).
Gujarat High Court rejected a Scheme of Arrangement (Scheme) filed by Vodafone Essar Gujarat Limited (Petitioner or Company) for demerger of its passive infrastructure assets (PIA) into Vodafone Essar Infrastructure Limited (VEIL) on various grounds including evasion of tax being primary motive behind the Scheme and also non conformity with essential elements of Section 391/394 of the Companies Act, 1956 (Companies Act).
Results of Final (Old & New) Course Examinations held in November, 2010 and Information Systems Audit – Assessment Test and CPT Examination held in December, 2010 are likely to be declared on 21st January, 2011 at around 2.00 PM.-(18-12-2010).
The Board of Directors of Bhubaneswar Stock Exchange (BhSE) has decided to seek legal opinion on moving the Orissa High Court against the decision of the Institute of Chartered Accountants of India (ICAI) to exonerate the former auditor of the bourse
Applications are invited for the post of Director General & Chief Executive Officer (DG & CEO) in Indian Institute of Corporate Affairs (IICA), established by the Ministry of Corporate Affairs for training, research and service delivery in the field
Tax Evasions lead to deceleration in VAT revenues-study
The Securities and Exchange Board of India (Sebi) chairman CB Bhave on Friday said regulating bigger entities is a greater challenge for regulators worldwide. While addressing a function in Mumbai, Sebi chief said bigger entities have more ‘persuasiv
Finance Minister Pranab Mukherjee said he’d like companies to voluntarily adopt good governance and corporate social responsibility (CSR) practices, rather than be legally compelled to do so. Pranab Mukherjee Such voluntary contributions should be re
Even as a section of market participants harped on the lack of transparency in the terms of the Hero Honda split, the corporate affairs ministry made it clear today it had no plans to scrutinise the deal. Experts say the company is under no obligatio
We had to issue a notification but we have decided to postpone the levy,” said a senior official. This is the third time that the finance ministry has decided to postpone the levy. The 10 per cent service tax levy had to come into effect from April 1
