Monday, August 10, 2020

News Updates

Revisional Jurisdiction can’t be exercised on an Issue not covered in Re-Assessment: ITAT [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the Commissioner of Income Tax cannot invoke revisional jurisdiction under Section 263 of the Income Tax Act in respect...

GST Dept directs Tata Sons to Pay Rs 1,524 crore

The Directorate General of GST Intelligence (DGGI) directed the Tata Sons to pay GST worth Rs 1,524 crore. The demand has been raised against the payment made to Japanese firm NTT DoCoMo...

CBI books Customs, GST Officials for Helping in Smuggling Gold

The Central Bureau of Investigation ( CBI ) in a smuggling case, has charged three Customs and GST officials based in Bengaluru for allegedly helping smugglers bring gold from Dubai in the...

ICSI Members mandatorily provide PAN details at the time of making payment of Annual Membership Fee

The ICSI Council in its meeting held on 4 th - 5 th May, 2019 decided that, member are required to provide the details Permanent Account Number ( PAN ) at the...

ICSI to bring Major Changes in CS Examination

The Institute of Company Secretaries of India ( ICSI ) has decided to bring a catena of changes in the CS Examinations. It has been decided by the Council in its meeting held...

80IA(4)(i) Deduction can’t be denied on Ground that assessee deducted TDS under Section 194C: ITAT [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) in the case of Porel Dass Water and Effluent Control Pvt. Ltd, v ITO held that the assessee cannot be a denied...

CA Exam: Admit Cards released, some Candidates shifted to Other Cities

The Institute of Chartered Accountants of India (ICAI) has released the admit cards for the CA exam 2019 to be held in June. The ICAI admit cards for May exams with their photographs...

Cost Accountants Institute extends Time for CEP Credit Hours for Renewal of Certificate of Practice [Read Notice]

The Institute of Cost Accountants of India (ICWAI) has extended the time for CEP Credit Hours for the renewal of Certificate of Practice (COP) for the year 2019-20. As per the Guidelines for...

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