Fw: TaxGuru : “Only Death Certificate of lender is not sufficient to to prove the identity of the lender, genuineness of the transaction and creditworthiness of the lender” plus 5 more

Only Death Certificate of lender is not sufficient to to prove the identity of the lender, genuineness of the transaction and creditworthiness of the lender Posted: 17 Dec 2011 07:24 PM PST Manishkumar & Co. Vs. ITO( ITAT Ahmedabad)- The first ground relates to addition of Rs.13,77,000/- made u/s 68 by the AO. During the assessment proceedings the assessee was asked by the AO to prove the identity of the lender, genuineness of... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] Salary paid to lady partner as per income tax act provisions is allowable even if she is absent at that time of survey Posted: 17 Dec 2011 07:19 PM PST V.Swaminatha Iyer & Co. Vs. DCIT (ITAT Chennai) - On going through the facts of the case and the grounds of appeal placed before us, we find that the assessee is aggrieved on two counts namely disallowance of interest to loan creditors and... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] Empanelment for Concurrent Audit in Central Bank of India Posted: 17 Dec 2011 07:24 AM PST The following norms shall be applicable for appointment of firms of Chartered Accountants as Concurrent Auditors: (i) The firm should be either a proprietory or a partnership firm having Chartered Accountants as proprietor / partner(s). (ii) ... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] Highlights / salient features of the Companies Bill, 2011 Posted: 16 Dec 2011 10:32 PM PST a. The Bill has 470 clauses and 7 schedules as against 658 Sections and 15 schedules in the existing Companies Act, 1956. b. The entire bill has been divided into 29 chapters. c. Following chapters have been introduced, viz. * Registered... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] Unlisted Public Companies (Preferential Allotment) Amendment Rules, 2011 Posted: 16 Dec 2011 09:52 PM PST GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION 14th December,2011 G.S.R. (E).- In exercise of the power conferred by sub-section (1A) of section 81, read with section 642, of the Companies Act, 1956 (1 of 1956), the Central... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] IRDA – Standard Instructions and Guidelines Applicable For Approval/Renewal of Agents Training Institutes Posted: 16 Dec 2011 08:15 PM PST The Standing Committee constituted by the Authority by its order dated 25.08.2010 will receive the applications for the grant of ATI licenses and screening shall be done according to the eligibility criteria prescribed by the Authority. The... [[ This is a content summary only. Visit www.taxguru.in for full article. ]]