On perusal of the record, it reveals that the Institute was negligent in the noncompliance of the directions of this Appellate Authority. The DC was required to seek extension of time from this Authority had there been any difficulty on any count to dispose of the matter within six months.
Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi ***** Policy Circular No. 31/2015-20 Dated 26th February, 2020 To, All Regional Authorities of DGFT /All Customs Authorities/FIEO/EPCs/All Concerned. Subject: Relief in Average Export Obligation in terms of Para 5.19 of Hand Book of Procedures […]
I am paying a house rent for Rs 14,000/- per month and additional Rs. 1,200/- towards maintenance for which receipt is being given to me every month. Will I get House Rent Allowance (HRA) exemption on Rs. 14,000/- or Rs 15,200/-. Please clarify.
The case is selected for scrutiny by CASS (Computer Aided Scrutiny Selection) for the Assessment Year 2017-18 and the officer sends notice of hearing to the Assessee to attend the office on a particular day with supporting documents such as Books of Account, vouchers, Bank Pass Books etc.
The existing provisions of section 79 of the Act, inter-alia provides that where a change in shareholding has taken place in a previous year in the case of a company, not being a company in which the public are substantially interested,
As the name indicates Benami property means a property without a name. In such kind of a transaction, the person who pays for the property does not buy it under his/her own name and motive behind such a transactions of this nature is to evade payment of tax.
How to handle the suppression of inward supply in books of account by taxpayer cases by the departmental officers? Generally GST officials tried to find suppressed outward supply in time of scrutiny or any other proceeding of GST law or look after the ITC related issues but practically in some cases, the taxpayers suppress “Inward […]
It is evident that the benefit of first proviso would be allowed only if the condition as stipulated in second proviso is satisfied. In other words, the stamp value on the date of agreement to sell shall be considered as full value of consideration only if the amount of consideration or part of such consideration was received by the assessee through banking channel on or before the date of agreement for transfer. This issue, therefore, needs detailed factual verification.
Party wise Reconciliation – While reconciling ITC as per 2A and ITC (B2B) as per books of accounts with the criteria of invoice number only, there are several problems being faced. Firstly, mismatch of invoice number due to minor clerical error in entering the invoice number in books, which led to mismatch of large number […]
Securities and Exchange Board of India Implementation of Section 51A of UAPA, 1967 – Addition of two entries to 1267/ 1989 ISIL (Da’esh) & Al-Qaida Sanctions List Press Releases No. 12/2020 1. Clause 2.8 of the SEBI Master Circular Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) / Obligations of […]
