Daily Archives: February 8, 2016

Justice Dhirendra Hiralal Waghela Transfered from Orissa to Bombay High Court

By | February 8, 2016

Shri Justice Dhirendra Hiralal Waghela Transfered from Orissa High Court to Bombay High Court In exercise of the powers conferred by clause (1) of article 222 of the Constitution of India, the President, after consultation with the Chief Justice of India, is pleased to transfer Shri Justice Dhirendra Hiralal Waghela, Chief Justice of the Orissa… Read More »

No Clubbing of Income if Trust created for minor after Divorce

By | February 8, 2016

Issue Whether the trust created by the assessee for the benefit of his minor daughter in obedience to the terms of decree of divorce passed against him under the provisions of Parsis Marriage & Divorce Act, 1936, in a suit brought against him by his wife, was for adequate consideration and, therefore, would not fall within the scope of section… Read More »

Stridhan of Divorced wife can not be Seized by Income tax Deptt

By | February 8, 2016

Issue The petitioner and respondent No.2 were earlier married. They have later on opted for divorce. The residential premise of the respondent No.2, ex-husband of the petitioner, came to be searched by the Income Tax Department on or around 25.11.1988. In the above process, certain ornaments and valuables were seized. Such ornaments included gold jewellery… Read More »

RBI cancels Certificate of Registration of 4 NBFCs

By | February 8, 2016

Date : Feb 08, 2016 The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following four non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company’s Name Address of Registered Office Certificate of… Read More »

ICAI specify Manner of Signing of Certificates by Chartered Accountants

By | February 8, 2016

Source : Institute of Chartered Accountants of India Announcement Manner of Signing of Certificates by Chartered Accountants 1 The Council of the Institute of Chartered Accountants of India (ICAI), at its 349th meeting held on 17th and 18th January, 2016 considered an issue relating to manner of signing of certificates by Chartered Accountants. The Council… Read More »