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Archive: 10 February 2020

Posts in 10 February 2020

Guidelines on Standardization of Exclusions in Health Insurance Contracts amended

February 10, 2020 1053 Views 0 comment Print

Amendments in respect of provisions of Guidelines on Standardization of Exclusions in Health Insurance Contracts and Modification Guidelines on Standardization in Health Insurance

Creditor Haircuts

February 10, 2020 9318 Views 0 comment Print

Insolvency and Bankruptcy Code, 2016 (Code) has been hailed by all stakeholders as a remarkable piece of legislation. The main reason for the popularity of the Code comes from its salient features like: a) Consolidation of all existing insolvency-related laws b) The shift from ‘Debtor in possession’ to ‘Creditor in control’

Life Insurance Corporation (Amendment) Rules, 2020

February 10, 2020 2364 Views 0 comment Print

(1) These rules may be called the Life Insurance Corporation (Amendment) Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette.

Recover interest which arises due to belated GSTR-3B return filing: CBIC

February 10, 2020 51081 Views 15 comments Print

Law has cast liability on the taxpayer to assess and pay the interest on delayed payment of tax. Further, interest payable on such delayed payment of tax can be recovered under the provisions of section 79 of the CGST Act read with section 75(12), which provides for various methods by which the proper officer shall proceed to recover any amount which is payable to the Government.

CBDT notifies ‘Pr. DGIT (System)’ as Income-tax authority to furnish info to SEBI

February 10, 2020 2781 Views 0 comment Print

CBDT notifies that the Principal Director General of Income-tax (Systems), New Delhi for furnishing information respecting assessees to Securities and Exchange Board of India(‘SEBI’). F.No. 225/297/2019/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 10th February,2020 Order In exercise of powers conferred under section 138(1)(a) of […]

Section 129(3) Notices cannot be adjudicated at the stage where petitioner had already submitted reply to such notices: HC

February 10, 2020 1797 Views 0 comment Print

Larsen And Toubro Limited Vs The Commissioner (Kerala High Court) The high court was of the view that the controversy involved assailing the impugned notices could not be adjudicated at this stage of the matter, particularly when the petitioner had already submitted a reply backed by relevant provisions and circulars which is required to be […]

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