S. 143(2) Notice "Issue" vs. "Service": HC Terms Own Law "Per Incuriam"

V.R.A. Cotton Mills (P) Ltd vs. UOI (P&H High Court)

S. 143(2): “Issue” of notice is equivalent to its “service”

In respect of AY 2009-10, the assessee filed a ROI on 29.09.2009. The last date for service of the s. 143(2) notice was 30.09.2010. A notice u/s 143 (2) was served by affixation at 11.20 pm on 30.09.2010. The assessee filed a Writ Petition claiming that u/s 282 (1), a notice or requisition had to be served either by post or as if it was a summons issued by a Court under the CPC and that service by affixture was invalid. The assessee relied on CIT vs. AVI-OIL India 323 ITR 242 (P&H) where it was held that a notice u/s 143(2) had not only to be issued, but had to be served before the expiry of 12 months (now 6M) from the end of the month in which the return was furnished. Hotel Blue Moon 321 ITR 362 (SC) was relied upon to contend that in the absence of a s. 143(2) notice, the assessment was invalid. HELD dismissing the Petition:

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4 March 2012 Study Circle Meeting

                                                      

BLOCK YOUR SUNDAY MORNING FOR YOURSELF

A CHANCE TO MEET AN YOUNG & PASSIONATE ENTREPRENEUR , WHO IS GIVING HIS PRECIOUS TIME TO US FOR SHARING HIS JOURNEY FROM BOTTOM TO SUCCESSFUL VENTURE.

                                                                   

                                &

TO HAVE ANSWER ON ISSUES LIKE :-          

·       1.  How can you become a successful leader?.
·      2.   How to improve your management skill?
·      3.   The difficulties you may face while running your business.
·       4.  How to take critical decisions at the time of dilemma?

&

     Much more……………………………THEN SEE YOU AT HOTEL KOHINOOR ON SUNDAY i.e 4th MARCH 9.00 A.M. 

Thanx & Best Regards
CA. B.L.Maheshwari
Convenor
J. B.Nagar CPE Study Circle of WIRC
B-302 Citi Point,Nr. Hotel kohinoor A.K.Road
Andheri (E) Mumbai 400 059
Mob: B.L.M.9820070768 ,

CRACK DOWN ON BOGUS / DUMMY CA FIRMS---H.P.BRANCH

The new team at Himachal Pardesh Branch of ICAI has decided to officially crack down BOGUS/DUMMY FIRMS.

Tenders are invited for Provision For Carrying Out Concurrent Audit Of Data Centre of Bank of India At CBD Belapur At Mumbai

Bank Of India, Mumbai, Maharashtra invites tenders notice for provision for carrying out concurrent audit of data centre at CBD Belapur. Tender document can be collected/downloaded from Mumbai .

• Notice Type
  Tender Notice
• Tender Scope
  Domestic
• Category
  Internal Audit Services
• Products
  Audit

Dates to Remember

Vacancy for CA ICICI bank

Interview Locations	mumbai
Job Code	JOB6217
Title	Chartered Accountants
Description	- Accounting and valuation of forex, derivatives, bonds and money market products - Analysis of the profit and loss of the bank attributable to the treasury operations - Building controls for treasury related processes
Location	Mumbai
Min Exp (yrs)	0
Max Exp (yrs)	8
Skills	- Conduct audits in timely manner as per internal quality standards - Understanding & ensuring compliance & regulatory guidelines & risk framework - Executes audit activities including risk assessment,Audit programs and test procedures with appropriate supervision
Competencies	--
Accountabilities	--
Date Of Posting	28 Feb 2012	Click here to apply

Names of Audit Firms approved for appointment as Statutory Central Auditors in 25 Public Sector Banks for the year 2011-12

Names of Audit Firms approved for appointment as Statutory Central Auditors in 25 Public Sector Banks for the year 2011-12

Allahabad Bank, Kolkata     1 M/s N K Bhargava & Co, New Delhi 2 M/s M C Jain & Co, Kolkata 3 M/s P A & Associates, Bhubaneswar 4 M/s M R Narain & Co, Chennai 5 M/s S Ghose & Co, Kolkata 6 M/s K M Agarwal & Co, New Delhi Andhra Bank, Hyderabad     1 M/s Umamaheshwara Rao & Co, Hyderabad 2 M/s R Subramanian & Compnay , Chennai 3 M/s  Raju & Prasad, Hyderabad 4 M/s Patro & Co, Bhubaneshwar 5 M/s Nataraja Iyer & Co, Hyderabad 6 M/s C R Sagdeo & Co, Nagpur     Bank of Baroda, Mumbai     1 M/s S K Mittal & Co, New Delhi 2 M/s Khimji Kunverji & Co., Mumbai 3 M/s Ray & Ray, Kolkata 4 M/s N B S & Co, Mumbai 5 M/s Laxminiwas Neeth & Co, Hyderabad 6 M/s Brahmayya & Co., Chennai      Bank of India, Mumbai     1 M/s Agarwal & Saxena, Kanpur 2 M/s Karnavat & Co., Mumbai 3 M/s L. B. Jha & Co., Kolkata 4 M/s S R B & Associates, Bhubaneshwar 5 M/s Sankaran & Krishnan, Chennai 6 M/s Chaturvedi & Shah, Mumbai Bank of Maharashtra, Pune     1 M/s Ray & Co , Kolkata 2 M/s N Kumar Chhabra & Co., Chandigarh 3  M/s Kirtane & Pandit , Pune 4 M/s J C R & Co, Mumbai 5 M/s DSP & Associates, New Delhi       6 M/s Jodh Joshi & Co, Nagpur Canara Bank , Bangalore     1 M/s S. Bhandari & Co., Jaipur 2 M/s Manubhai & Co Ahmedabad 3 M/s R K Kumar & Co, Chennai 4 M/s H. K. Chaudhry & Co., New Delhi 5 M/s Nandy Halder & Ganguly, Kolkata 6 M/s K. Venkatachalam Aiyer & Co., Thiruvananthapuram Central Bank of India, Mumbai     1 M/s K. S Aiyar & Co., Mumbai 2 M/s Sagar & Associates , Hyderabad 3 M/s G S A & Co, New Delhi 4 M/s Ghiya & Co., Jaipur 5 M/s D. Rangaswamy & Co., Chennai 6 M/s SAMSAND & Associates, New Delhi  Corporation Bank, Mangalore     1 M/s Vinod Kumar & Associates, New Delhi 2 M/s Suresh Chandra & Associates, New Delhi 3 M/s O P Totla & Co., Indore 4 M/s Rajendra K Goel  & Co., New Delhi 5 M/s K. Varghese & Co., Kochi 6 M/s V. Narayanan & Co., Chennai     Dena Bank, Mumbai     1 M/s B. K. Khare & Co., Mumbai 2 M/s Gandhi Minocha & Co., New Delhi 3 M/s S N Dhawan & Co, New Delhi 4 M/s P K Chopra & Company, New Delhi 5 M/s Avanish K Rastogi & Associates, Lucknow  6 M/s S C Bapna & Associates, Vadodara Indian Bank,Chennai     1 M/s Suri & Co, Chennai 2 M/s Kalyanasundaram & Co., Chennai 3 M/s S Mohan & Co., New Delhi 4 M/s Raj K Aggarwal & Associates, New Delhi 5 M/s Chandran & Raman , Chennai 6 M/s A B P & Associates, Bhubaneswar Indian Overseas Bank, Chennai     1 M/s Badari Madhusudan & Srinivasan, Bangalore  2 M/s B Thiagarajan & Co, Chennai 3 M/s M. Bhaskara Rao & Co., Hyderabad  4 M/s S. R. Mohan & Co., Hyderabad 5 M/s Sankar & Moorthy, Thiruvananthapuram  6 M/s Mittal Gupta & Co, Kanpur Oriental Bank of Commerce, New Delhi     1 M/s S. P. Marwaha & Co., New Delhi 2 M/s Agiwal & Associates, New Delhi 3 M/s Jain Kapila Associates, New Delhi 4 M/s Manian & Rao, Bangalore 5 M/s B. Purushottam & Co., Chennai 6 M/s Tej Raj & Pal, Bhubaneswar Punjab & Sind Bank, New Delhi     1 M/s Alka & Sunil New Delhi 2 M/s R M Lall & Co., Lucknow 3 M/s Bhatia & Bhatia, New Delhi 4 M/s G. S. Goel & Co., New Delhi 5 M/s O P Tulsyan & Co, New Delhi 6 M/s S B G & Co., New Delhi  Punjab National  Bank, New Delhi     1 M/s V K Verma & Co, New Delhi 2 M/s Borkar & Muzumdar, Mumbai 3 M/s Mookherjee Biiswas & Pathak, Kolkata 4 M/s Amit Ray & Co, Allahabad 5 M/s G S Madhava Rao & Co , Hyderabad 6 M/s Sarda & Pareek, Mumbai Syndicate Bank     1 M/s Prakash Chandra Jain & Co., Udaipur 2 M/s S Sonny Associates, Chennai 3 M/s Thakur Vaidyanath Aiyar & Co., New Delhi 4 M/s Chandiok & Guliani, New Delhi 5 M/s Jain & Associates, Chandigarh 6 M/s R Vender Gupta and Associates, New Delhi UCO Bank, Kolkata     1 M/s SBA & Associates, Kolkata 2 M/s Ved & Co, New Delhi 3 M/s Dass Gupta & Associates, New Delhi 4 M/s Baweja & Kaul, Jammu 5 M/s Gupta Sharma & Ass. Jammu 6 M/s Kothari & Co, Kolkata Union Bank of India, Mumbai     1 M/s Price Patt & Co, Chennai 2 M/s Arun K. Agarwal & Associates, New Delhi 3 M/s J. L. Sengupta & Co., Kolkata 4 M/s Singrodia Goyal & Co, Mumbai 5 M/s Om Prakash S. Chaplot & Co., Mumbai 6 M/s G. S. Mathur & Co., New Delhi United Bank of India, Kolkata     1 M/s George Read & Co., Kolkata 2 M/s D. K. Chhajer & Co., Kolkata 3 M/s M. Choudhury & Co., Kolkata 4 M/s M. C. Bhandari & Co., Kolkata 5 M/s Ramesh C. Agrawal & Co., Allahabad 6 M/s Dinesh Mehta & Co, New Delhi Vijaya Bank, Bangalore     1 M/s  S. Viswanathan, Chennai 2 M/s M P Chitale & CO, Mumbai 3 M/s Rao Associates, Bangalore 4 M/s Contractor Nayak & Kishnadwala, Mumbai   5 M/s P Chandrasekar, Bangalore 6 M/s Mukund M Chitale & Co, Mumbai State Bank of India 1 M/s B M Chatrath & Co Kolkata 2 M/s Kalyaniwalla & Mistry, Mumbai 3 M/s K K Soni & Co, New Delhi 4 M/s Essveeyar , Chennai  5 M/s K C Mehta & Co, Vadodara 6 M/s S B A & Co, Indore 7 M/s K G Somani & CO, New Delhi 8 M/s Singhi & Co, Kolkata 9 M/s Venugopal & Chenoy, Hyderabad 10 M/s S C M & Associates, Bhubaneswar 11 M/s M Verma & Associates, New Delhi 12 M/s Dagliya & Co, Bangalore 13 M/s Todi Tulsyan & Co., Patna 14 M/s Krishnamoorthy & Krishnamoorthy, Kochi  State Bank of Bikaner & Jaipur, Jaipur 1 M/s S C J Associates , Agra 2 M/s. S.L. Chhajed & Co., Bhopal 3 M/s Agrawal Anil & Co, New Delhi 4 M/s L U Krishnan & Co., Chennai 5 M/s B Khosla & Co., Jaipur 6 M/s S Daga & Co, Hyderabad State Bank of Hyderabad, Hyderabad     1 M/s Rao & Kumar, Vishakhapatnam 2 M/s D. V. Ramana Rao & Co.,Hyderabad 3 M/s Rao & Narayan, Hyderabad 4 M/s S Mann & Co, New Delhi 5 M/s Ananthan & Sundaram, Thiruvananthapuram 6 M/s Elias George & Co, Kochi State Bank of Mysore, Bangalore     1 M/s B L Ajmera & Co , Jaipur 2 M/s Bhasin Raghavan & Company, New Delhi 3 M/s S K Basu & CO, Kolkata 4 M/s M K P S & Associates. Bhubaneshwar 5 M/s K. P. Rao & Co., Bangalore 6 M/s Maharaj N R Suresh & Co, Chennai State Bank of Patiala, Patiala     1 M/s Gupta Gupta & Associates, Jammu 2 M/s Abhijit Dutta & Associates, Kolkata  3 M/s S. L. Gangwal & Co., Jaipur 4 M/s Rawla & Co, New Delhi 5 M/s Sreedhar Suresh & Rajagopalan, Chennai 6 M/s Patel Mohan Ramesh & Co, Bangalore State Bank of Travancore, Thiruvananthapuram     1 M/s G K Rao & Co, Hyderabad 2 M/s Abraham & Jose, Thrissur 3 M/s Jagdish Chand & Co., New Delhi 4 M/s B. V. Rao & Co., Vishakhapatnam 5 M/s Ayyar & Cherian, Bangalore 6 M/s Sridhar & Co., Thiruvananthapuram

THANE MID-TOWN CPE STUDY CIRCLE Meetings for March 2012

STUDY CIRCLE MEETING ‘LIVE-UNION BUDGET & ANALYSIS’ CPE 04 Hrs.

Dear Members, THANE MID-TOWN CPE STUDY CIRCLE  has organized Study Circle Meeting on 16th March’2012 at TMA, Hall, Near Dwarka Hotel, Wagle Estate, Thane West . The details of programme are mentioned herein below. Members can take advantage of this opportunity by enrolling themselves in large numbers. Warm regards, CA Sarad Beria (Convenor)         CA.Vijay Jain( Dy Convenor)         CA.Sunil Doshi(Dy Convenor)  9820508633                                                9869010681                                  9833686591

Day & Date :  Friday 16th Mar, 2012 Venue TMA, Hall, Near Dwarka Hotel, Wagle Estate, Thane West Time 10.00 am to 4.30 pm Fees For non study circle members: Rs 200/- For students Rs 100/- (Inclusive of  tea, refreshments,Lunch and course material)

TOPICS                                                                                     SPEAKERS

LIVE  UNION  BUDGET’2012 10.00 am to 12.00 noon GROUP DISCUSSION  ON BUDGET ANALYSIS 12.00 noon to 4.30 pm.

STUDY CIRCLE MEETING BUDGET ANALYSIS 2012 CPE 04 Hrs.

Dear Members, THANE MID-TOWN CPE STUDY CIRCLE  has organized Study Circle Meeting on 22ND  March’2012 at TMA, Hall, Near Dwarka Hotel, Wagle Estate, Thane West . The details of programme are mentioned herein below. Members can take advantage of this opportunity by enrolling themselves in large numbers. Warm regards, CA Sarad Beria (Convenor)         CA.Vijay Jain( Dy Convenor)         CA.Sunil Doshi(Dy Convenor)  9820508633                                                9869010681                                  9833686591

Day & Date : Thursday 22nd  Mar, 2012 Venue TMA, Hall, Near Dwarka Hotel, Wagle Estate, Thane West Time 5.00 pm to 9.30 pm Fees For non study circle members: Rs 200/- For students Rs 100/- (Inclusive of  tea, refreshments & Dinner)

TOPICS                                                                                     SPEAKERS

DIRECT TAXES CA H.N MOTIWALLA SERVICE TAX CA RAJIV LUTHIA