Daily Archives: December 19, 2016

Rebate In Fare in Rajdhani/Shatabadi/Duranto trains

Ministry of Railways reviews its flexi fare system in Rajdhani/Shatabadi/Duranto trains It Announces Decisions For Rebate In Fare For The Benefit Of The Passengers The New Decisions To Be Implemented With Effect From 20th December, 2016 Ministry of Railways has reviewed Flexi Fare System in Rajdhani/Shatabdi/Duronto trains which was introduced in September, 2016. On the… Read More »

Supreme Court’s order regarding National Anthem of India in cinema Halls

Government writes to States/UTs for necessary action on Supreme Court’s order regarding National Anthem of India The Government has written to the Chief Secretaries of all State Governments and Chief Secretaries/Administrators of all Union Territories to comply with the Supreme Court’s order dated 30.11.2016 delivered in the Writ Petition (Civil) No.855/2016 relating to the National… Read More »

ICAI Convocation for Newly Qualified CA’s 2016-17

Convocation – 2016-17 (II Round) – (19-12-2016) In order to promote a sense of comradeship among members and for bringing them closer to the Institute, the Institute of Chartered Accountants of India (ICAI) organize Convocations for distributing certificates to the newly qualified members. In fact, this is an occasion to mark the entry of the… Read More »

Supreme Court Judgment on Demonetization – 5-judge division bench to Decide

SUPREME COURT OF INDIA Vivek Narayan Sharma v. Union of India A.M. KHANWILKAR AND DR. D.Y. CHANDRACHUD, JJ. WRIT PETITION (CIVIL) NO. 906/2016 & OTHERS DECEMBER  16, 2016 ORDER   Writ Petitions are admitted. Issue notice on the Writ Petitions, special leave petitions and other applications. The respondents may file reply affidavit within six weeks.… Read More »

Income from sale of plots to be taken in year of registration of conveyance deed

Issue The appellant recognized revenue only in the year in which the plots were sold and registration of conveyance deed. The Assessing Officer is of the view that the revenue should be recognized at every stage of receipt sale consideration Held he provisions of section 2(47) of the Act have no application to the transactions… Read More »