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NICAI Updates 15-Jan-2015

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  • NICAI Updates 15-Jan-2015

    No penalty u/s. 271(1)(c) of the Income Tax Act for not offering capital gains on sec. 50C stamp duty value. [C.I.T. vs. Madan Theatres Ltd. – Calcutta High Court].
    Officers notified for filing complaint u/s 159 of Companies Act in respect of offences of obtaining more than 1 DIN (sec 155). [MCA Notification of 09-01-2015].
    Customs duty cannot be levied on exempt goods merely for non mention of such goods separately in the invoice. [Epson India Pvt. Ltd. vs. CC (Imp.), CESTAT Chennai].
    Result of the CA final, CPT and ISA- AT examination are likely to be declared on 19th January 2015.
    NICASA of NIRC is organising Sports Tournament – Badminton and Table Tennis for CA students. For registration send form to NIRC of ICAI up to 20th January. Form available at www.nirc-icai.org
    Request you to grace the Swachhta Abhiyan organized by NIRC of ICAI on 18th January, 2015 at 10 AM at ICAI Bhawan, I.P. Marg, New Delhi. Union Ministers of Government of India, President, Vice-President, ICAI will grace the occasion.
    Board of Studies is organising four weeks Residential Programme on Professional Skills Development at NIFM, Faridabad and CoE, Hyderabad. For CA students and newly qualified CA. For online registration contact www.icai.org.
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