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ICSI Election: Company Secretaries’ Institute bars Candidates from Advertising through Social Medias

The Institute of Company Secretaries of India ( ICSI ) has prohibited the election candidates of election from soliciting the members through social...

ICAI postpones CA Exams in some places of Tamil Nadu

Services Intrinsically related to Exploration of Mineral Oils covered by S. 44BB: ITAT [Read Order]

ICAI revises dates of Certificate Course on Cooperatives at Kolkata

Income Tax Dept to proceed against 80,000 People for not Filing Returns Post- Demonetisation

GST Council may have to take a view on the Funding of NDRF, says Shri N.K.Singh

XVFC concluded the International Workshop in India on Financing of Disaster Risk Management yesterday in New Delhi. The two-day conference discussed various issues related to Disaster Risk Management...

ICAI to conduct 7 Days Residential Programme on Professional Skills Development

The Professional Development Committee of the Institute of Chartered Accountants of India ( ICAI ) jointly with Young Members Skill & Innovation Development Committee has announced ‘7 days’...

Running Hospital and Nursing School is Inseparable Activity, Eligible for Tax Exemption: ITAT [Read Order]

The Cochin bench of the Income Tax Appellate Tribunal (ITAT) has held that the running of hospital and nursing school is an inseparable activity for which, the exemption under section 11 of the Income...

ICAI clarifies rumours on postponement of CA Exams in Karnataka

The Institute of Chartered Accountants of India ( ICAI ) has clarified the rumours on the postponement of the CA exams scheduled today due to sudden demise of the Union Minister, Shri Anant Kumar. In...

GST Evasion: Two more arrested in Hyderabad

Two more persons have been arrested in Hyderabad in connection with the Rs 8.23 crore GST input tax credit fraud on Friday. The fraud, involving a network of unknown assailants who were floating...

ITAT Quashes Re-Assessment merely based on Details available on Record and Wrongly interpreted by AO [Read Order]

The New Delhi bench of Income Tax Appellate Tribunal quashed the re-assessment in Dy.C.I.T Vs. M/s Yamaha Motor India Sales since there was no new tangible material brought on record by the Assessing...

Assessee can’t be Penalized for Wrong Statement given by Payee: ITAT [Read Order]

A Division bench of the Indore ITAT including Judicial Member Kul Bharat and Accountant Member Manish Borad ruled that assessee cannot be penalized merely based on wrong statement given by payee. In...

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