Deduction u/s 80IC of the Income Tax Act can be claimed, despite no chemical change in composition of the raw material during manufacturing process[DCIT vs. Legancy Foods Pvt. Ltd. (ITAT Delhi)].
ICAI Peer reviewers request to all of you to update and upload your personal profile by making use of the recently launched web-form on the Institutes' website http://www.icai.org/prb/existingreviewer.html .
Validity of the reopening of assessment under Income Tax Act has to be determined on the basis of reasons disclosed by the Assessing Officer[CIT vs. Shri Samraj Krishan Chaudhary, High Court of Allahabad].
ICAI invites Empanelment of Members to act as Observers at the examination centres for CA examinations November/December 2014, visitwww.icai.org for more details.
ICAI Peer reviewers request to all of you to update and upload your personal profile by making use of the recently launched web-form on the Institutes' website http://www.icai.org/prb/existingreviewer.html .
Validity of the reopening of assessment under Income Tax Act has to be determined on the basis of reasons disclosed by the Assessing Officer[CIT vs. Shri Samraj Krishan Chaudhary, High Court of Allahabad].
ICAI invites Empanelment of Members to act as Observers at the examination centres for CA examinations November/December 2014, visitwww.icai.org for more details.