Why this article? I feel this article is needed in current business environment where each person is equipped with access to internet, content creation, social media and much more that […]
All posts by Sunil Agarwal - 4. page
Reopening based on information received from Investigation Wing, without application of mind not sustainable
ITO Vs. M/s Comero Leasing & Financial (ITAT Delhi) , ITA No. 4281/Del/2010, Date of Order: 14/08/2014 At the time of hearing before us, it is submitted by the learned […]
Procedure for commencement of Business under Companies Act, 2013
Under Companies Act 2013, the date of incorporation of a company cannot be the date of commencement of business. From the point of commencement of Business companies may be divided […]
Provisions related to Internal Audit under Companies Act 2013
internal auditor shall be appointed by the board and may be a chartered accountant or cost accountant or or such other professional as may be decided by the board. Following class of companies are […]
Place of Removal: In Case Of Tariff Value U/s. 3 & Valuation U/s. 4(A)
The Central Excise Act, 1944 provides levy of excise duty by different methods. In a recent judgment of Hon’ble Chhattisgarh High Court in the case of Ultratech Cement Ltd. vs. […]
Mere Change in Allotted flat without determining any consideration is not transfer
Objection of the Assessing Officer is that the assessee has earned Rs.40 lac on transfer of flat No. SV1-06-SF on 11/10/2005 which was allotted to assessee after cancelling allotment of […]
Section 69- Addition for cash deposited in bank after long period of withdrawal not justified
Section 69- Addition for cash deposited in bank after long period of withdrawal not justified Assessing Officer (AO) noted that the assessee has withdrawn huge cash from bank account […]
Traces enables Online Correction functionality with enhanced features without Digital Signature
Traces enables Online Correction functionality with enhanced features without Digital Signature Attention Deductors: The Online Correction functionality with enhanced features has been enabled “without Digital Signature” for Financial Year […]
CA held guilty of professional misconduct for filing bogus form with ROC
Council of the Institute of Chartered Accountants of India Vs. Ved Prakash Verma (Delhi High Court), Appeal No. CHAT.A.REF. 5/2012, Date of decision: 10th July, 2014 The Disciplinary Committee of […]
Purchases cannot be treated as bogus for mere none traceability of suppliers
CIT vs. Nangalia Fabrics Pvt. Ltd (Gujarat High Court), TAX APPEAL NO. 689 of 2010, Date : 22/04/2013 The question pertains to the purchases made by the assessee-respondent. On account of unverifiable purchases, the Assessing Officer […]