Satyam scam – ICAI barred two Lovelock & Lewes auditors from practice for life, slaps Rs 5 lakh penalty

IOC demands two year extension of tax holidays for its refineries Posted: 07 Dec 2011 07:57 PM PST State-owned Indian Oil Corp (IOC) has sought a two-year extension of tax breaks available for refineries so that its delayed Rs 29,777 crore Paradip refinery can avail of the benefit. Exemption or holiday, under section 80IB(9) of Income Tax Act,... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] Finance Ministry panel gets close to 3,300 suggestions on ways to curb the generation of Black Money Posted: 07 Dec 2011 07:45 PM PST NEW DELHI: The high-level Finance Ministry committee on curbing the menace of blackmoney has received more than 3,000 comments from general public suggesting ways to curb the generation of illicit funds. The committee, headed by Chairman of the... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] Satyam scam – ICAI barred two Lovelock & Lewes auditors from practice for life, slaps Rs 5 lakh penalty Posted: 07 Dec 2011 07:41 PM PST Accounting regulator ICAI has barred two Lovelock & Lewes auditors from practice for life and slapped a penalty of Rs 5 lakh each on them for their role in the Rs 14,000-crore Satyam accounting scam. A probe by an ICAI disciplinary committee... [[ This is a content summary only. Visit www.taxguru.in for full article. ]]