The Institute of Chartered Accountants of India Committee for Members in Industry & Business Campus Placement Programme February-March, 2022 Frequently asked Queries by the participating recruiting entities Online Registration on https://cmib.icai.org/campus-signin?user_type=company for participation in Campus Placement Programme February-March, 2022 is a system driven process. The CMI&B has come up with the answers to a few frequently […]
Certain important changes under Central Excise related functionality incorporated in CBIC-ACES-GST Integrated Application w.e.f. JANUARY 2022: 1. New Account Head Code, namely, ‘00380416’ has been allotted in respect of Central Excise levy namely ‘Agriculture Infrastructure and Development Cess’ on permanent basis by Pr.CCA, CBIC vide. O.M.dated 29.12.2021. Please see under Central Excise> e-Payment menu > […]
(i) These Regulations may be called the Payment and Settlement Systems (Amendment) Regulations, 2022. (ii) They shall come into force on the date of their publication in the Official Gazette.
In re C & A Sourcing International Ltd. (GST AAR Karnataka) applicant vide their letter dated 07.02.2022, received by e-mail, requested this authority to permit them to withdraw their application quoting the reason that the issues have been clarified by the CBIC vide Circular No. 159/15/2021-GST Dated: 20th September 2021 and hence there is no […]
CBDT has issued a Notification on 27.01.2022 and by Mistake numbered it as Notification No. Notification No. 12/2022-Income Tax while it already issued a notification with similar Number on 25.01.2022. CBDT has now corrected its Mistake and numbered Notification issued by it on 27.01.2022 as Notification No. 12/2022-Income Tax. MINISTRY OF FINANCE (Department of Revenue) […]
UCC Infrastructure Pvt. Ltd. Vs UOI (Bombay High Court) In the facts of this case also the respondents had issued a summons only on 30th August, 2019 i.e. after 30th June, 2019 and thus summons issued after the cut-off date of 30th June, 2019 could not be the ground for declaring the application filed by […]
A Private Listed InvIT may convert into a Public InvIT on making a public issue of units through a fresh issue and/or an offer for sale in terms of the InvIT Regulations in the manner provided at Annexure – A.
The Peer Review Board after due deliberation at its recently held meeting has decided to adopt conducting of distance/ remote/ online Peer Review. Witnessing the last 2 years of pandemic and the changed audit methodologies adopted for conducting audits, the Board thought it appropriate to finally adopt the conduct of Peer Review remotely.
State of Kerala & Ors. Vs Laxmi Vasanth (Supreme Court of India) The Supreme Court observed that Sub-Section (5) of Section 30 of the Partnership Act shall not be applicable to a minor partner who was not a partner at the time of his attaining the majority. Sub-Section (5) of Section 30 of the Partnership […]
Krishna Prasad Mikkilineni Vs DCIT (ITAT Bangalore) In the instant case also we have noticed that the assessee has given only permissive possession and not legal possession. Accordingly, following the above said decision of the coordinate bench, we hold that the transfer has not taken place during the year under consideration. Accordingly, capital gain is […]
