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Transfer/postings of 5 Officers in the grade of ACIT/DCIT

December 3, 2018 1875 Views 0 comment Print

Office Order No. 210 of 2018 The following transfer/postings of the officers in the grade of Assistant Commissioner/ Deputy Commissioner of Income Tax, are hereby ordered with immediate effect and until further orders:

SIA 17 Consideration of Laws and Regulations in an Internal Audit

December 2, 2018 1812 Views 0 comment Print

Standard On Internal Audit (SIA) 17 Consideration Of Laws And Regulations In An Internal Audit The following is the text of the Standard on Internal Audit (SIA) 17, Consideration of Laws and Regulations in an Internal Audit, issued by the Institute of Chartered Accountants of India. The Standard should be read in the conjunction with […]

Standard on Internal Audit (SIA) 16 using the Work of an Expert

December 2, 2018 1008 Views 0 comment Print

The following is the text of the Standard on Internal Audit (SIA) 16, Using the Work of an Expert, issued by the Council of the Institute of Chartered Accountants of India. These Standards should be read in conjunction with the Preface to the Standards on Internal Audit, issued by the Institute. In terms of the […]

Standard on Internal Audit (SIA) 13 Enterprise Risk Management

December 1, 2018 2529 Views 0 comment Print

The following is the text of the Standard on Internal Audit (SIA) 13, Enterprise Risk Management, issued by the Council of the Institute of Chartered Accountants of India. These Standards should be read in conjunction with the Preface to the Standards on Internal Audit, issued by the Institute. In terms of the decision of the […]

Standard on Internal Audit (SIA) 12 Internal Control Evaluation

December 1, 2018 5646 Views 1 comment Print

The following is the text of the Standard on Internal Audit (SIA) 12, Internal Control Evaluation, issued by the Council of the Institute of Chartered Accountants of India. These Standards should be read in conjunction with the Preface to the Standards on Internal Audit, issued by the Institute. In terms of the decision of the […]

Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendation) (Second) Guidelines, 2018

December 1, 2018 1011 Views 0 comment Print

Section 16(3)(a) of the Insolvency and Bankruptcy Code, 2016 (Code) requires the Adjudicating Authority (AA) to make a reference to the Insolvency and Bankruptcy Board of India (Board) for recommendation of an insolvency professional (IP) who may act as an interim resolution professional (IRP) in case an operational creditor has made an application for corporate insolvency resolution process (CIRP) and has not proposed an IRP.

Standard on Internal Audit (SIA) 8 Terms of Internal Audit Engagement

November 30, 2018 6987 Views 0 comment Print

The following is the text of the Standard on Internal Audit (SIA) 8, Terms of Internal Audit Engagement, issued by the Council of the Institute of Chartered Accountants of India. These Standards should be read in conjunction with the Preface to the Standards on Internal Audit, issued by the Institute. In terms of the decision […]

Standard on Internal Audit (SIA) 6 Analytical Procedures

November 30, 2018 3249 Views 0 comment Print

The following is the text of the Standard on Internal Audit (SIA) 6, Analytical Procedures, issued by the Council of the Institute of Chartered Accountants of India. These Standards should be read in conjunction with the Preface to the Standards on Internal Audit, issued by the Institute. In terms of the decision of the Council […]

Initiation of Penalty proceeding against Dead Person is Bad in Law

November 30, 2018 7812 Views 0 comment Print

ACIT Vs Vijay Kumar Agarwal (ITAT Kolkata) The ld. counsel for the assessee before us has raised a preliminary issue that the penalty proceedings having been initiated by the Assessing Officer against a dead person, initiation itself was bad-in-law and the penalty imposed under section 271AAB is not sustainable. He has pointed out that the […]

Application U/s 7 of IBC 2016 cannot be Admitted after Settlement between Parties : NCLAT

November 30, 2018 1110 Views 0 comment Print

Gaurav Pandey Vs Eternity Investment Services Pvt. Ltd. & Anr. (National Company Law Appellate Tribunal, Delhi) 30.11.2018 On 16th November, 2018 when the matter was taken up, the following order was passed : “Apart from other issues raised in the appeal it is contended by learned senior counsel representing the Appellant (Corporate Debtor) that a settlement […]

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