No Penalty U/s. 271AAA Even If Tax On Undisclosed Income Unpaid

No Penalty U/s. 271AAA Even If Tax On Undisclosed Income Unpaid

Posted: 20 Feb 2012 03:43 AM PST

DCIT vs. Pioneer Marbles & Interiors Pvt Ltd (ITAT Kolkata) - Under the scheme of Section 271 AAA, there is a complete paradigm shift so far as penalty in respect of unaccounted income unearthed as a result of search operation carried out on...

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Banks eligible to claim deduction for bad debts u/s 36(1)(vii) in respect of advances and also claim provision for bad and doubtful debts u/s 36(1)(viia)

Posted: 20 Feb 2012 03:25 AM PST

Catholic Syrian Bank Ltd vs. CIT (Supreme Court) -Under Section 36(1) (vii) of the ITA 1961, the tax payer carrying on business is entitled to a deduction, in the computation of taxable profits, of the amount of any debt which is established to have...

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Status of Admission to Company Secretaries (CS) Executive Programme

Posted: 19 Feb 2012 10:34 PM PST

The Institute of Company Secretaries of India in a press release has notified that Admission to Company Secretaries (CS) Executive Programme is on. Graduates seeking admission till 29th February, 2012 will be eligible for Examination in December,...

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Applicability of Provisions of Section 194C to the payments to Calcutta Dock Labour Board (CDLB)

Posted: 19 Feb 2012 10:33 PM PST

Assessee has made payments to the CDLB for supply of these workers. As long as the assessee has made payments to the CDLB for supply of labour, even when this labour may be treated as employed by the assessee for all practical purposes, the...

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SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2012 – Amendment in regulations 53, 70 and 93

Posted: 19 Feb 2012 07:29 PM PST

NOTIFICATION F.No. LAD-NRO/GN/2011-12/35/3186, dated 7-2-2012 -In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend...

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ICWAI to hold first convocation and annual award function at Kolkata

Posted: 19 Feb 2012 07:23 PM PST

The first convocation and annual award function of The Institute of cost Accountants of India will be held on First March 2012 at 11.30 A .M. at Science City Auditorium , Kolkata.

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