According to a class action lawsuit filed in the U.S. District Court for the Northern District of Texas by ‘ Buzz Photos’ on Tuesday, China should pay up at least $20 trillion dollars whether it intentionally or unintentionally caused the global COVID-19 pandemic. Text of the Class suit filed is as follows:- Buzz Photos Vs […]
The original investigation was initiated to examine the nature and extent of dumping and its effect on the situation of the Domestic Industry with respect to Flexible Slabstock Polyol originating in or exported from Singapore, Australia and EU.
Blue Star Civil Engineering Company Private Limited Vs Commissioner of Central Excise (CESTAT Kolkata) The facts of the case are that the assessee M/s. Blue Star Civil Engineering Co. Pvt. Ltd. Mecheda was engaged in evacuation of ash pond for Durgapur Projects Ltd., Purba Medinipur Zilla Parishad, Rites Ltd. for railway and McNally Bharat for […]
Housing loans eligible to be classified under priority sector lending (as updated from time to time) and housing loans to individuals for acquiring dwelling units within the prescribed threshold under the affordable housing definition in the HML.
In order to facilitate transactions / settlements, effective March 06, 2020, participants in the Asian Clearing Union will have the option to settle their transactions either in ACU Dollar or ACU Euro or in ACU Japanese Yen.
Ashok R. Mansata Vs Union of India & Ors. (Calcutta High Court) Coronavirus that has brought to a standstill all activities around the world including our High Court. In the prevailing situation, I am of the view that passing a writ of mandamus against the Income Tax Authorities would go against the notification issued by […]
Payment Aggregators (PAs) and Payment Gateways (PGs) are intermediaries playing an important function in facilitating payments in the online space.
Beginning from April 1, 2020, the Nodal/Focal Point branches will segregate on a daily basis all scrolls/challans pertaining to March 2020 received from the receiving branches concerned and prepare separate main scrolls for: a. scrolls for transactions of March 2020 or earlier period (i.e. effected during the previous financial year 2019-20) and b. scrolls pertaining to current transactions (i.e. those effected from April 1, 2020 onwards).
CIT Vs Oil And Natural Gas Corporation Ltd (Gujarat High Court) In terms of the above Circular No.15 dated 8.5.1969, for the purpose of calculation of tax deductible at source under section 192, self-certification on the part of the employee that the conveyance was owned by him and being used by him for the purposes […]
The proformae of application and end use certificate are being notified to implement the Policy on Global Authorisation for Intra-Company Transfers (GAICT) for export/re-export of dual use SCOMET items / software/ technology, between Indian subsidiary to its foreign parent company and/or to subsidiaries of foreign parent company.
