We received the assessemnt order for A.Y. 2008-09.However the AO has forgotten to sign all the documents - penalty notice, notice of demand, income computation form and the assessment order. However he has stamped all the above.

Querry:
1) whether it is a invalid assessment order or just an irregularity which can be later cured.
2) The assessment will get time barred on 31-3-2010. If he come to know of this fact after this date, can he do anything about it?
3) The assessment order is against us. Do we need to file an appeal? If we do, will we then be estopped to claim that it is not a valid assessment?

Thanks in advance for your replies.....

want to know the detailed procedure for the above? I read the procedure. i HAVE QUERIES
1)
after passing the SPECIAL resolution within how much time we need to file a petition to CLB.
2)THEN BY WHAT TIME TO GIVE A ADVT IN REGIONAL AND IN ENGLISH LANGUAGE.
3) WHEN TO FILE FORM 23
4)HOW MUCH TIME IT USUALLY TAKES TO GET THIS DONE, IF ALL THINGS GO RITE.

THERE IS NO ONE TO GUIDE ME. PLS ELABORATE THESE POINTS IN DETAIL. i NEED EXPERT ADVICE.

Interest on refund adjusted against subsequent AY's demand. The Assessee further wents into appeal. The accounting for interest on refund to be done atthe completion of assessment. HOwever, when is assessment said to be completed when its still in appeal process? When is interest on refund accounted for as outcome of appeal is not known?

In case of a Private Company which is a subsidiary of a Public Company, a person was appointed in the General Meeting of the Company as a Director of the Company libale to retire by rotation. Now, the Company has ceased to be a subisidiary of a Public Company and has regained the status of an Independent Private Company. So, whether the Director appointed to retire by rotation is liable to retire by rotation at the AGM of the Company?

In case of an appointment of a Director at the GM of the Company, is it neccesary to mention in the resolution that he is appointed as Director of the Company liable to reire by rotation???? If this is not mentioned, is there any violation of any section of the Companies Act, 1956?????

God Bless

Udit Sharma

Dear Expert,
My assessee has sold long term capital asset on 10.06.2010, now he wants to invest in NHAI bonds eligible for Sec.54 EC , Now my query is time limit of 6 months for investment in said bonds is from date of transfer or date of month in which long term capital asset transfer? If it is from date of transfer,then can he still invest?

Can Public Trust is required to get permission of Charity Comissioner to Write off Debtors or Wtire backs Creditors, if yes then under which section in Bombay Trust Act,1950?

Good morning all

i have started my own practice in gurgaon. i want to know the guidelines for having Board outside my office,namely size of board,its contents

thanks and regards
Ca.Gaurav Makkar

Dear Experts,

My father is suffering from heart disease, his heart works only 30% and he has no mediclaim policy and PAN. Monthly medicine & Lab. expenses about 5000/-. And yearly medicine & Lab. expenses nearly 1,50,000/-. Now my question is my brother and me both are claim 15,000/- in u/s 80D? Does my brother’s HUF is also claim 15,000/- in u/s 80D?

Regards,

Navin M Patel
09328855100

In a Manufacturing Co. Can we claim credit of-
1. Vat on the oxygen Cylinders/Gas purchased
for industrial use,
2. What about the Excise Duty, can we have
the credit of the duty if shown by the
supplier in his invoice,
3. If claim cannot be taken, should we take
VAT & Excise in our books?

Thanks.

I have done numerous statutory audits but this is my first internal audit. So I dont know the extra steps which should be taken on every particular area.
However, I am doing internal audit of a leasing company for the period 1/4/10 to 30/9/10. So i need to know what extra steps do i take to verify the rental income for the same.
Also, this company has changed its accounting package on 1st July 2010. So, half the entries are in one package & half the entries in other package. So, i have to perform an internal control system audit as well. So, how do I proceed for this?? can i have the checklist for this as well??