Suffice it to highlight that in paras 26 and 27 of the report the Committee highlighted the modus operandi adopted by PCL and AIL to form a loop with no cash flow coming in, but sales, stocks and receivables increases. The obligation of the auditor concerning transactions which are merely book entries was highlighted i.e. […]
Head office receives complaints regarding non-compliance under EPF MP Act, 1952 from several sources like employees, Trade Unions/ Associations, Ministry, PMO, Vigilance etc. These complaints are forwarded to the field offices for complaint disposal and necessary action and were followed up by Head office to its logical conclusion.
Vaikom, the land of Satyagraha is situated in the northwest of Kottayam district in Kerala created history again on 12th January 2017.
National deworming DAY is a commendable step that will go a long way in ensuring healthy India. On India’s glorious record sheet of eradicating Polio, Guinea worm, Small pox, Maternal and neonatal tetanus, this may become yet another entry. Together as a nation we have an obligation to put sunshine into the lives of our little ones. They deserve all that life can offer. This can be best expressed in these words:
The Kaziranga National Park is one of the oldest wildlife conservancy reserves of India, first notified in 1905 and constituted as Reserved Forest in 1908 with an area of 228.825 Sq. Km specially established for conservation and protection of the Greater One Horned Rhinoceros (Rhinoceros Unicornis) whose number was estimated at twenty pairs then.
*F. Sheheryar When Neil Diamond crooned “reaching out, touching me, touching you” in that iconic song Sweet Caroline, he could as well be singing about radio. Radio, which reaches out across seemingly insurmountable geographical divides, touches countless lives and yet remains in the background. Like a good friend who never pries but steps in on […]
Provision of section 40(a)(ia) of the Act are applicable not only to the amounts which is shown as payable on the date of balance sheet but it is applicable to such expenditure which becomes payable at any time during the relevant previous year and was actually paid within the previous year.
The assessee was a recipient of research and training grant and other income to the tune of Rs. 1.36 crores. The AO determined that the latter were commercial receipts and guided by proviso to Section 2(15) and held that the assessee could not avail the benefit under section 11(23) of the Act. The ITAT relied […]
Is a person, not being a member or a creditor or the company itself, entitled to challenge the striking off of the name of the company under Section 560 of the Companies Act, 1956? Does the petitioner have the locus standi to file and maintain the present writ petition?
The words mentioned in the SECTION 158bc notice are `within fifteen days’ whereas the provision mandates the time of not less than fifteen days. As notice which was issued by the authority asking the assessee to file the return within fifteen days is not in accordance with the provisions of the Income-tax Act and therefore it is invalid.
