CAclubindia Articles

No Penalty in the absence of mens rea

Posted by Bimal Jain 07 October 2014 12654 Views

Dear professional college,No Penalty in the absence of mens reaWe are sharing with you an important judgment of Honble CESTAT, DELHI in the case of Mohan Poddar Vs. CCE, Raipur [2014 (9) TMI 782 - CESTAT NEW DELHI] on the following issue:Issue

VAT Problems In E-Commerce Transactions - Amazon's Karnataka Case Study

Posted by CA Ankit Gulgulia (Jain) 07 October 2014 22575 Views

VAT Problems In E-Commerce Transactions Amazons Karnataka Case Study (A Potential Noscitur Principle Issue) E-commerce transactions in India are gaining popularity at the very fast pace majorly due to its attributes of ease of shopping

How to channelize the Black money to India's Infrastructure development

Posted by N.Srinivasan 07 October 2014 17625 Views

I do not want to elaborate about the creation, source and utilization of Black money as the reasons and the purposes are well known. Earlier attempts by the Government through voluntary disclosure schemes have not brought desired result

No penalty can be levied merely on the basis of provisional assessment

Posted by Amit Bajaj 07 October 2014 13982 Views

Rajasthan High Court in a very important case namely ACTO vs Jain Hardware Stores has held that no penalty can be levied in the provisional assessment as for leving penalty definite findings and conclusions and many things have to be proved, therefor

Clarifications - Mandatory pre-deposit

Posted by Sachin Sharma 07 October 2014 15323 Views

Clarifications Mandatory pre-deposit (Circular No 984/08/2014-Cx dated 16.09.2014) (Section 35F of Central Excise Act 1944 and Sec 129E of Custom Act 1962 substituted vide Finance Act (No. 2)2014) Clarification has been issued by the CBEC reg

Regular works for private company

Posted by CS Divesh Goyal 06 October 2014 17489 Views

Post incorporation requirements are obligations which companies are supposed to fulfill subsequent to incorporation. These include filing of annual returns, change of directors or secretary, change of financial year, alteration in capital, allotment

Partial Reverse Charge - Increase in complicacies

Posted by Pradeep Jain 06 October 2014 12733 Views

Introduction:- The date of 01.07.2012 was a critical date in service tax laws because from this date the service tax laws underwent gigantic change. The concept of Negative list&rdq

Revision of tax audit report

Posted by CA.MANOJ LAMBA 06 October 2014 70551 Views

The system of Tax Audit u/s 44AB has changed drastically in recent time. Particularly the change of manual filling to non filling and now from non filling to e filling has raised lot of

Failure A Root Cause Analysis

Posted by Santhosh Poojary 06 October 2014 10620 Views

Failure A Root Cause AnalysisIts quite difficult to define the word failure, I am quite sure each and every person must have tasted the bitterness of failure through the life in the journey of achieving success...the word failure has so much meaning

Independent Director- Enhanced Role in Corporate Governance

Posted by CA Ankit mangla 06 October 2014 11348 Views

Independent Director- Enhanced Role in Corporate Governance - 1 Definition Under Listing Agreement According to Clause 49 (II) (B) of Revised listing agreement, the expression independent director shall mean a non-executive director,