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Valuation: Professionals Insight (ICAI Book)

August 11, 2019 4263 Views 0 comment Print

Dive into the world of valuation with ‘Valuation: Professionals’ Insight’ by ICAI. Explore the regulatory framework, standards, and perspectives shaping the valuation profession in India. Gain valuable insights into business valuation with this comprehensive series.

Utter Disparity In Professional Education & Ethics

August 11, 2019 822 Views 2 comments Print

The well recognized bodies like ICAI, ICMAI, ICSI, Etc., are well constituted with their own laws, rules, regulations, guidelines, and professional ethics for deliverance of the professional services by their certified members. Prime among those things is confining to the particular profession alone in which those professional bodies have issued the certificate to practice.

Anti-dumping duty on imports of Homopolymer of vinyl chloride monomer (suspension grade)

August 10, 2019 2112 Views 0 comment Print

Seeks to impose anti-dumping duty on imports of ‘Homopolymer of vinyl chloride monomer (suspension grade)’ originating in or exported from China PR and USA for 30 months with effect from 13th August, 2019, in pursuance of SSR investigation by DGTR vide  Notification No. 32/2019-Customs (ADD) Dated 10th August, 2019. MINISTRY OF FINANCE (Department of Revenue) […]

Ind AS – Common Control Business Combinations

August 9, 2019 52434 Views 2 comments Print

Business organisations enter into a bunch of restructuring transactions which satisfy the definition of business combinations as per Ind AS 103. There is also a requirement to understand the accounting, tax, presentation and reporting requirements in the case of common control transactions.

CAT directs govt to consider application rejected for delay in receipt of APARs for ITAT Member post

August 9, 2019 774 Views 0 comment Print

In these two OAs, the grievance of the applicants is that their applications for selection to the post of Member, Income Tax, Appellate Tribunal are not being treated as valid on account of the fact that their APARs were not received before the stipulated date i.e. 20.08.2018.

Arbitration and Conciliation (Amendment) Act, 2019

August 9, 2019 10767 Views 0 comment Print

(1) This Act may be called the Arbitration and Conciliation (Amendment) Act, 2019. (2) Save as otherwise provided in this Act, it shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

Applicability of AIRs to calculate Brand Rate of duty drawback in GST regime

August 8, 2019 1860 Views 0 comment Print

Clarification regarding applicability of All Industry Rates of duty drawback while fixing Brand Rate of duty drawback in post GST era. Circular No. 24/2019-Customs

Demise of CA in 2016 not a reasonable cause for no Audit of Books for A.Y. 2009-10

August 8, 2019 828 Views 0 comment Print

Sri. Abdul Azeez M Vs ACIT (ITAT Cochin) Admittedly in this case, no audit report has been filed for assessment year 2009-2010. It is the contention of the assessee that there was a reasonable cause as mandated u/s 273B of the I.T.Act. It was submitted by the learned AR that consequent to search and seizure […]

Notification No. 36/2019-Customs (N.T./CAA/DRI) Dated: 08.08.2019

August 8, 2019 537 Views 0 comment Print

NOTIFICATION No. 36/2019-Customs (N.T./CAA/DRI) Principal Director General, Revenue Intelligence, hereby appoints officer mentioned in column (5) of the Table below to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on officers mentioned in column (4) of the said Table in respect of noticees mentioned in column (2) of the said Table for the purpose of adjudication of show cause notices mentioned in column (3) of the said Table, namely:-

Unlawful Activities (Prevention) Amendment Act, 2019

August 8, 2019 1167 Views 0 comment Print

THE UNLAWFUL ACTIVITIES (PREVENTION) AMENDMENT ACT, 2019 received the assent of the President on the 8th August, 2019. It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

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