No Penalty U/s. 271AAA Even If Tax On Undisclosed Income Unpaid

No Penalty U/s. 271AAA Even If Tax On Undisclosed Income Unpaid Posted: 20 Feb 2012 03:43 AM PST DCIT vs. Pioneer Marbles & Interiors Pvt Ltd (ITAT Kolkata) - Under the scheme of Section 271 AAA, there is a complete paradigm shift so far as penalty in respect of unaccounted income unearthed as a result of search operation carried out on... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Banks eligible to claim deduction for bad debts u/s 36(1)(vii) in respect of advances and also claim provision for bad and doubtful debts u/s 36(1)(viia) Posted: 20 Feb 2012 03:25 AM PST Catholic Syrian Bank Ltd vs. CIT (Supreme Court) -Under Section 36(1) (vii) of the ITA 1961, the tax payer carrying on business is entitled to a deduction, in the computation of taxable profits, of the amount of any debt which is established to have... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Status of Admission to Company Secretaries (CS) Executive Programme Posted: 19 Feb 2012 10:34 PM PST The Institute of Company Secretaries of India in a press release has notified that Admission to Company Secretaries (CS) Executive Programme is on. Graduates seeking admission till 29th February, 2012 will be eligible for Examination in December,... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Applicability of Provisions of Section 194C to the payments to Calcutta Dock Labour Board (CDLB) Posted: 19 Feb 2012 10:33 PM PST Assessee has made payments to the CDLB for supply of these workers. As long as the assessee has made payments to the CDLB for supply of labour, even when this labour may be treated as employed by the assessee for all practical purposes, the... [[ This is a content summary only. Visit www.taxguru.in for full article.]] SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2012 – Amendment in regulations 53, 70 and 93 Posted: 19 Feb 2012 07:29 PM PST NOTIFICATION F.No. LAD-NRO/GN/2011-12/35/3186, dated 7-2-2012 -In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend... [[ This is a content summary only. Visit www.taxguru.in for full article.]] ICWAI to hold first convocation and annual award function at Kolkata Posted: 19 Feb 2012 07:23 PM PST The first convocation and annual award function of The Institute of cost Accountants of India will be held on First March 2012 at 11.30 A .M. at Science City Auditorium , Kolkata. [[ This is a content summary only. Visit www.taxguru.in for full article.]]