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Archive: October, 2019

Posts in October, 2019

Addition for cash deposit in bank justified if Assessee fails to explain source of deposit

October 9, 2019 4695 Views 0 comment Print

Karan Bhalla Vs ITO (ITAT Delhi) The assessee has given the details of source of the cash which are reproduced in the order of the Ld. CIT(A).However no supporting documents have been filed. The assessee did not produce any independent evidence in support of cash flow statement. No evidence of any amount is received on […]

Allow ‘ACTIVE non-complaint’ companies to file Form DIR, INC-22 & INC-28: ICSI

October 9, 2019 8184 Views 0 comment Print

ICSI request MCA that the following forms may be  allowed to be recorded by Registrar of Companies even in case of ‘ACTIVE non-complaint’ companies-  DIR-12 (Changes in Director except cessation),  INC-22 (Change in Registered Office) and INC-28 (Amalgamation, de-merger). THE INSTITUTE OF Company Secretaries of India MCA/PD: 2019 October 09, 2019 Shri Injeti Srinivas, MS […]

Appeal cannot be decided by CIT(A) on personal opinion without any material available on record

October 9, 2019 921 Views 0 comment Print

Smt. R. Santha Vs CIT (Madras High Court) There can be no allegation against the assessee of diversion assessee and her husband, who had established the dhall mill and that the assesee is at an advantage in obtaining finished product from her husband’s dhall mill and she will be assured of time delivery of the processed dhall and assured of quality […]

Vyavhaari Ewan Sewa Pradatta Sammaan Yojana-2019

October 9, 2019 1095 Views 0 comment Print

The name of the Scheme shall be known as the “Vyavhaari Evam Sewa Pradatta Sammaan Yojana-2019. The Scheme shall be operative from financial year 2019-20 and shall continue till further orders.

Late Cut imposed by system while applying MEIS on reactivated shipping bills

October 9, 2019 7356 Views 0 comment Print

In order to address this issue of imposition of higher late cut by the system for re-activated shipping bills, members of the trade and the RAs may take note of the steps as mentioned in the sequence below:

Cabinet approves 5% additional DA/DR due July, 2019

October 9, 2019 495 Views 0 comment Print

The Union Cabinet Chaired by Prime Minister Narendra Modi today approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.07.2019 representing an increase of 5% over the existing rate of 12% of the Basic pay/Pension, to compensate for price rise. 

CBDT notifies ‘Kerala Bamboo, Kattuvalli and Pandanus Leaf Workers’ Welfare Fund Board’ for exemption U/s. 10(46)

October 9, 2019 2334 Views 0 comment Print

Central Government hereby notifies for the purposes of the said clause, ‘Kerala Bamboo, Kattuvalli and Pandanus Leaf Workers’ Welfare Fund Board’ (PAN AAAJK1244Q), a Board constituted by the Government of Kerala, in respect of the following specified income arising to that Board, namely:—

Standard Operating Procedure for Export of Onion

October 9, 2019 3411 Views 0 comment Print

Standard Operating Procedure for Export of Onion as per para 1.05 of  the Foreign Trade Policy 2015-2020 considering Notification No. 21/2015-2020 dated 29.09.2019 issued by the DGFT whereby export of Onions has been prohibited with immediate effect. 

Converting written play into dramas is not a commercial activity for section 12AA registration

October 9, 2019 663 Views 0 comment Print

CIT (E) Vs Kanakia Art Foundation (Bombay High Court) We have perused the objects of the trust with a special focus on the objects which the Commissioner has referred to for holding that they are not charitable in nature. The Commissioner has referred to clause (f) of the objects but reproduced only part of it […]

Notification No. 55/2019-Customs (N.T./CAA/DRI), Dated: 09.10.2019

October 9, 2019 840 Views 0 comment Print

Notification No. 55/2019-Customs (N.T./CAA/DRI), Dated: 09.10.2019- Appointment of CAA by DGRI -reg Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 55/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 9th October, 2019 S.O. 3658(E).— In pursuance of notification No. 60/2015-Customs (N.T.), published vide number […]

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