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Suresh Prasad (www.aubsp.com) (15630 Points)
Replied 14 October 2011

AO can't apply Rule 8D without pointing out any inaccuracy in the method of apportionment or allocation of exp.[DCIT vs. Jindal Photo Ltd -ITAT]


ICWAI: CAS(1-13), Companies( Cost Accounting Records) Rules,2011 & Companies ( Cost Audit Report) Rules,2011 will be applicable in Dec. 2011 Exam.


After verification of marks for CA Exam May 2011:
PCC-61;
IPCC-75; and
Final-128 candidates had passed in one/both groups.


Suresh Prasad (www.aubsp.com) (15630 Points)
Replied 14 October 2011


Suresh Prasad (www.aubsp.com) (15630 Points)
Replied 16 February 2012

RBI: -decided to conduct Open Market Operations by purchasing govt. securities10000-crore. -Non-Banking entities has been allowed to set up ATMs.


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