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Monday 22 June 2015

CIC directs bank to provide information as to under what regulations loan applicants are required to get their project reports certified by CA

Central Information Commission New Delhi vide order dated 19-06-2015 has directed Central Public Information Officer(CPIO),Bank of India to forward to the Appellant a certified copy of the bank regulations / guidelines, which require loan applicants to submit their project reports and project balance sheets certified by a Chartered Accountant. 
In case there are no such specific regulations / guidelines, the CPIO should inform the Appellant accordingly in writing. The CPIO to comply with above directives within fifteen days of the receipt of order, under intimation to the Central Information Commission

INADVERTENT MISTAKES IN ITR

Mumbai seat of the Income Tax Appellate Tribunal `E’ Bench in the case of Sujata Trading Private Limited vs. Income Tax Officer, 8(3)(2), Mumbai [2015] 152 ITD 492 (Mumbai – Trib), the critical and decisive question that