it is a very settled position that the power of ITAT in setting aside cannot be exercised so as to allow Assessing Officer to cover up the deficiency in its case.
10CB. Computation of interest income pursuant to secondary adjustments.— (1) For the purposes of sub- section (2) of section 92CE of the Act, the time limit for repatriation of excess money shall be on or before ninety days ,
Pertinently quoted that Appreciate everything that you and your comrades do for the professional. Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of acclaim. They’re absolutely free and worth a fortune. For the profession of Company Secretaries, the real day for paving the way towards real admiration
The Ministry of Corporate Affairs, further to the notification dated 5th June, 2015, has now provided some more relaxations / modifications to the Private companies, Section 8 companies and Government companies vide its notification dated 13th June, 2017.
TDS credit is allowed on deduction of Income under u/s 80IA, 8oIB, 80IC of the act, etc and also TDS credit is allowed on bad debts claimed u/s 36(1 )(vii) of the Act. Accordingly I am of the view that that the Unrealized rent is duly offered to tax by the assessee at first instance, and then the same is claimed as deduction from Rental Income u/s 23(1) of the Act r.w. Rule 4 of the rules.
In this case we find that AO has not made any substantive assessment. There may be substantive assessment without any protective assessment, but there cannot be any protective assessment without there being a substantive assessment.
The IASB has published Discussion Paper that suggests principles to make disclosures in financial statements more effective. This Discussion Paper, published by the International Accounting Standards Board, could lead to amendments to IAS 1, the Standard covering general disclosure requirements, or the development of a new general disclosure Standard.
ICSI is coming up with a Model Governance Code for Meetings of Gram Panchayats which seeks to prescribe a set of principles for convening and conducting meetings of Gram Panchayats and matters related thereto.
Central Government hereby notifies that an application for fast track corporate insolvency resolution process may be made in respect of the following corporate debtors under section 55 of the Insolvency and Bankruptcy Code, 2016
Central Government appoints 14th day of June, 2017 as date on which provisions of section 55 to 58 (both inclusive) of Insolvency and Bankruptcy Code, 2016 shall come into force.
