Sponsored
    Follow Us:

ICAI: Case Study Digest at CA Final level

March 3, 2021 7278 Views 0 comment Print

In the six elective papers at the Final level, the assessment is open book and case-study based. The question paper comprises of five case studies of 25 marks each, out of which candidates have to attempt any four within four hours. Each case study of 25 marks comprises of MCQs for 10 marks (5 MCQs of 2 marks each) and descriptive questions for 15 marks.

Consider application claiming for a special rate to be fixed based on add-ons made to goods manufactured: HC directs GST Commissioner

March 3, 2021 459 Views 0 comment Print

Ahinsha Chemicals Ltd. Vs Union of India (Gauhati High Court) This petition is instituted on the grievance that the Notification dated 27.03.2008 having been restored as per the judgment of the Supreme Court, two application dated 28.09.2020 under Clause 3(1) of the Notification No.20/2008-Central Excise dated 27.03.2008 was submitted by the petitioner claiming for a […]

Appeal filed with condonation request is pending but not admitted appeal & Eligible for VSV Scheme

March 3, 2021 3228 Views 0 comment Print

Shyam Sunder Sethi Vs PCIT (Delhi High Court) The fact that the appeal included a plea of condonation of delay is not in dispute. Therefore, the appeal could not have been admitted unless the delay was condoned. But that by itself does not efface the fact that the appeal was pending. An appeal would be […]

Only profit embedded in undisclosed turnover can be brought to tax

March 3, 2021 3930 Views 0 comment Print

ITAT Jaipur ruling on undisclosed turnover. Assessing Officer’s order upheld, subject to examination of declared gross profit rate. Legal analysis here.

MEIS benefit cannot be denied for inadvertent mistake in Application

March 2, 2021 5694 Views 0 comment Print

The objective of the MEIS scheme is to provide rewards to exporters to offest infrastructural inefficiencies and associated costs. In other words, the objective of Merchandise Exports from India Scheme (MEIS) is to promote manufacture and export of notified goods / products to notified markets and once this is done, such exporter is required to be rewarded by duty credit scrips which can be utilized by the exporter.

Monthly Pension Adaalat reg

March 2, 2021 621 Views 0 comment Print

Pensioners/members of EPS 1995 need exclusive platform for closer interaction with EPFO officers for understanding the provisions of EPS 1995 and getting their grievance resolved. Therefore, it is hereby directed that each RO should hold ‘Pension Adaalat’ in the first fortnight of every month for the pensioners and the members of the EPS 1995 who are going to become pensioner in near future (preferably in next 03 months).

SC directs release of Interim Resolution Professional of Jaypee Infratech

March 2, 2021 1215 Views 0 comment Print

It is seen that the police official dealing with the case is not familiar with the provision of privilege of interim resolution appointed by the Court, in terms of Section 233 of the Insolvency and Bankruptcy Code.

Representation on Clause 12 of ‘Tribunals Reforms (Rationalisation & Conditions of Service) Bill, 2021’

March 2, 2021 834 Views 0 comment Print

We are making this representation with regard to one of the proposal contained in Clause 12 of The Tribunals Reforms (Rationalisation and Conditions of Service) Bill, 2021 by which the following proviso is being introduced in section 184 of Finance Act, 2017:

GST compensation shortfall released to States reaches Rs. 1.04 Lakh crore

March 2, 2021 348 Views 0 comment Print

GST compensation shortfall released to States reaches Rs. 1.04 Lakh crore. 18th Instalment of Rs. 4,000 crore released to the States on Monday, 1st March, 2021. 94 percent of the estimated shortfall released

CSR expenses by Govt Companies under Govt directions allowable

March 2, 2021 669 Views 0 comment Print

RITES Limited Vs Addl. CIT (ITAT Delhi) Perusal of the assessment orders goes to prove that AO has mechanically disallowed the claim of expenditure made by the assessee company towards Corporate Social Responsibility (CSR) and sustainable development without analyzing the fact that assessee company being a Government undertaking is required to incur such expenses as […]

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031