Connect us       New User?     Subscribe Now
Confirm your Email ID for Updates
26.05.2014 - Voice of CA presents - Updates
Monday, May 26, 2014


  I. Today's Headlines:    

  1. New Finance Minister to face Budget rush  (Click for detail)

  2. New FinMin to inherit Rs 1 lakh cr of unpaid bills  (Click for detail)

  3. Finance Ministry set to present reform agenda to the new government  (Click for detail)

  4. Six immediate tasks for Narendra Modi  (Click for detail)

  5. FAQs on Corporate Social Responsibility (CSR) likely by August  (Click for detail)

  6. Top FDI source to India: Singapore replaces Mauritius  (Click for detail)

II. A Helpful Presentation:

[ Contribution by CA. Sanjay Agarwal, Founder - Voice of CA; and contributor is available at ]

"Practical aspects of Preparation of Appeal"
Under the Income Tax Act, 1961

(Please click here)  


III. A Useful Article:

[ Contribution by CA. Sanjeev Singhal and contributor is available at ]

"Documents, Records and Returns mandatory for claiming CENVAT"

(Please click here)  


IV.  Direct Tax Case Law:

1.  CIT Vs. Kultar Exports, ITA No. 26-28/2014, Pronounced on: 23.05.2014, High Court of Delhi

The reassessment cannot be challenged on the basis of subsequent outcome of litigation pursued by another assessee.

Held that the benefit from the outcome of the litigation pursued by another assessee cannot be provided to the assessee who has not challenged the reassessment proceedings in his case and whose proceedings have attained finality, merely because of a later judgment of High Court wherein the retrospective amendment has been held to be arbitrary.

(Please click here for judgment)

 Golden Rules:

  "The will to succeed is important,
but what's more important is the will to prepare"


  Thanks & Regards


Voice of CA 

« Back
Online Poll
Connect Us       New User?     Subscribe Now