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May 29, 2009

LEGAL & FINANCIAL UPDATES 30.05.2009

UPDATES FROM TAX GURU 
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PWC was having business links with Satyam

Posted: 29 May 2009 08:29 PM PDT


In a twist to the Satyam fraud case, a global IT research firm has revealed details which may point to a collusion between Price Waterhouse Coopers and Satyam Computers. The report, by Gartner,...

ICAI will soon frame accounting norms for farm sector

Posted: 29 May 2009 08:22 PM PDT


Corporatisation of agriculture and vast income potential of commercial crops have attracted the attention of accounting regulator ICAI, which for the first time is evolving accounting norms for the...

ICAI - Announcement on Organising National/ State/ District level Masters' Trainers Workshop on LLP

Posted: 29 May 2009 08:13 PM PDT


The Limited Liability Partnership Act, 2008 is one of the path breaking initiative of the Ministry of Corporate Affairs. The Limited Liability Partnership Act, 2008 (LLP Act) received the assent of...

SC acquits man from charge of taking bribe of Rs 25 after 20 years

Posted: 29 May 2009 08:08 PM PDT


New Delhi: More than 20 years after he was arrested for allegedly accepting a bribe of Rs 25, the Supreme Court has acquitted a clerk of the charge. "As the evidence produced by the prosecution...

ITAT Mumbai Benches not funtioning from 01.06.09 to 04.06.09

Posted: 29 May 2009 08:05 PM PDT


NOTICE The following benches will not function during the period 01.06.09 to 04.06.09 " H, I, J, K, L, WT & SMC " Sd/- (D. Manmohan) Vice-President( MZ) Dated, 27.05.09 Related...

Area limit of 5,000 hectares will not applicable for SEZs if two or more such zones are merged

Posted: 29 May 2009 05:08 AM PDT


NEW DELHI: The government has decided not to apply an area limit of 5,000 hectares for special economic zones (SEZs) if two or more such zones are merged, clearing the way for big SEZs in the...



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UPDATES FROM TAXGURU