Follow Us:

Where are the Big Bang Reforms?

June 5, 2017 1320 Views 1 comment Print

As the government led by Prime Minister Narendra Modi completes its third year in office, there has been a flurry of commentary on the hits and misses of these three years.

Online Generation of Rotation Number by Shipping Lines/ Agents

June 5, 2017 9921 Views 0 comment Print

Attention of all the importers, Exporters, Customs Brokers, Shipping Lines/ Agents and other stake holders is invited to the facility of Online Generation of Rotation Number by Shipping Lines/ Agents communicated by Board Circular No. 20/2017-Customs dated 31.05.2017 and Public Notice No. 166/2016-17 dated 05.12.2016 issued by JNCH.

Recovery cannot be effected 3 years from the date of SCN

June 5, 2017 2466 Views 0 comment Print

Next question needs to be considered is whether the demand for the period March 2003 to February 2007 can be enforced when the demand notice was issued on 14.9.2007. In the aforesaid case where the Honorable High Court observed that the in absence of time limit prescribed for recovery, a reasonable period, be applied for […]

Challenges to reconnect with Nature

June 3, 2017 987 Views 0 comment Print

Since 1972 World Environment Day is celebrated over the world to raise awareness about forests and wider issues of environmental protection. The theme of this year’s World Environment Day is ‘Connecting People to Nature. It implores us to get outdoors and into nature, to appreciate its beauty and to take forward the call to protect the Earth that we share.

Search & Seizure of Undisclosed income deposited into A/c of 3rd party

June 3, 2017 7728 Views 0 comment Print

1. The main argument on merits by both Petitioners is that without a search warrant in their respective names, and without there being a demand raised and finalised, there is no power under Section 132 read with Section 132B of the Act to require RBL to issue a DD favouring the Department for the balance […]

15th Meeting of the GST Council to be held on 3rd June, 2017

June 2, 2017 879 Views 0 comment Print

15th Meeting of the GST Council to be held tomorrow, 3rd June, 2017 – Approval of amendments to the draft GST Rules and related forms and Finalization of the rates of tax and cess on the remaining commodities are on the Agenda among others for tomorrow’s meeting.

HUF income cannot be taxed in members hand after demise of Karta

June 2, 2017 2628 Views 0 comment Print

In P.G Sunandamma Vs. ITO, the ITAT, Bangalore, held that the transfer of excise license to a member of HUF on death of Karta cannot be reason to assess HUFs income in the hands of that individual member.

AO cannot review assessment order already framed vide section 154 rectification

June 2, 2017 4962 Views 0 comment Print

he issue raised by the AO in proceeding under section 154 of the Act is highly debatable and requires the issue to be reconsidered by the AO about applicability of provision of section 115JB of the Act which was not raised by the AO in the original assessment proceeding. Therefore AO has no power to […]

ICAI FAQs on Revised Scheme of Education & Training

June 2, 2017 11907 Views 8 comments Print

The three levels will now be called as Foundation, Intermediate and Final in place of earlier levels i.e. Common Proficiency Course (CPC), Intermediate (integrated Proficiency Competence) Course and Final.

ICAI: Summary of Revised Scheme of Education and Training

June 2, 2017 2184 Views 0 comment Print

Register with Board of Studies (BoS) after appearing in Class XII examination so as to complete four months study period (i.e. register till 30th June/ 31st Dec. for November/ May Examination).

Search Post by Date
May 2026
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031