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HC grants bail to CA arrested under Prevention of Corruption Act, 1988

July 2, 2022 2058 Views 0 comment Print

HC court is of the view that applicant-petitioner is a Chartered Accountant and not a public servant. Thus provisions of Prevention of Corruption Act, 1988Act cannot be involved against a private person alone, is a question worth consideration.

Vendor Not Liable For Adulteration in Food Articles Purchased From Manufacturer with Written Warranty

July 2, 2022 2193 Views 0 comment Print

Vendor shall not be deemed to have committed any offence. If he has purchased the article of food in any other status from any manufacturer, distributor or dealer with written warranty in the prescribed form

ITAT condones delay in filing of Audit Report due to Virus Attack

July 2, 2022 1131 Views 0 comment Print

In the present case before us, the delay is for few hours which could be condoned as there is a reason that there is malfunctioning / virus attack in the computer system and consequent data loss which is beyond the control of the assessee.

CIT(A) must provide opportunity of hearing to AO – Section 250(1)

July 2, 2022 8337 Views 0 comment Print

ACIT Vs Kalinga Mining Corporation (ITAT Cuttack) We are not going into merits of the appeals. Only because an opportunity of hearing as prescribed u/s.250(1) of the Act has not been provided by the ld. CIT(A) to the AO and there is a clear violation of principle of natural justice in respect of opportunity to […]

Exemption of IGST and Compensation Cess under Advance Authorisation, EPCG & EOU scheme

July 1, 2022 17565 Views 0 comment Print

Para 4.14, Para 5.01(a) and Para 6.01(d)(ii) of FTP 2015-20 are amended as above to provide exemption from Integrated Tax and Compensation Cess.

Audit Quality Review Report of Statutory Audit done by SRBC & Co LLP of IL&FS

July 1, 2022 2619 Views 0 comment Print

Discover the Audit Quality Review Report of Statutory Audit done by SRBC & Co LLP of IL&FS. Get insights into the financial year 2017-18.

Delhi Labour Welfare Board introduces online portal for compliances

July 1, 2022 3939 Views 0 comment Print

The Online portal of Delhi Labour Welfare Board offering following services is hosted on URL https://dlabourwelfareboard.delhi.gov.in/index.php for taking online contribution from Employer / Employee w.e.f. 01.07.2022.

ICSI Request for providing extension of timelines for filing of Form CSR-2

June 30, 2022 5862 Views 0 comment Print

It is requested to extend timelines to file Form CSR-2 by companies for preceding financial year 2020-2021 from 30th June, 2022 to 31.12.2022

Technical Know-How Fees Is allowable Revenue Expenditure

June 30, 2022 2178 Views 0 comment Print

Dive into the ITAT Delhi judgment on ACIT vs. Voith Paper Fabrics, addressing the treatment of technical know-how fees as revenue or capital expenditure.

e-rickshaw classifiable as electrically operated vehicle despite sale without battery

June 30, 2022 31713 Views 0 comment Print

A three-wheeled electrically operated vehicle, commonly known as e-rickshaw, when supplied without battery is also classifiable as an electrically operated motor vehicle under HSN 8703.

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