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Archive: 29 April 2020

Posts in 29 April 2020

Salary to Workers during Lock-Down Period: Balanced approach needed

April 29, 2020 2865 Views 2 comments Print

Full Salaries to Workers during Lock-Down Period in view of MHA Order and Petitions pending before Hon’ble Supreme Court: Balance between Industries and Workers is need of the Hour China, on 31.12.2019, reported pneumonia of unknown cause, detected in the city of Wuhan, to Word Health Organization (“WHO” for brevity), wherein WHO on 22.01.2020 issued […]

Section 10(23AA) Exemption Allowed to whom- HC Analyses

April 29, 2020 17913 Views 0 comment Print

As per Section 10(23AA), the exemption can be for the income received by any person on behalf of any regimental fund or non-public fund established by the armed forces of the Union for the welfare of the past and present members.

All about 6 schemes being wound up by Franklin Templeton

April 29, 2020 3693 Views 0 comment Print

The unprecedented lockdown of the Indian economy in the wake of Covid-19 has impacted livelihoods and businesses across the country.  Despite several measures by the Reserve Bank of India (RBI), the liquidity in certain segments of the corporate bond markets has fallen-off dramatically and has remained low for an extended period. In this scenario, mutual […]

India’s Position on Multilateral Instrument

April 29, 2020 7914 Views 0 comment Print

One of the big challenges which the Organisation of Economic and Cooperation Development (OECD) face is the shifting of the base of the profit by various global entities. By using the treaty benefits such entities can either save or avoid paying taxes.

Objections on Jurisdiction after Award cannot be raised if Appellant not participated in Arbitral Proceedings: SC

April 29, 2020 3801 Views 0 comment Print

It was possible for the respondent to raise submissions that arbitration pertaining to each of the agreements be considered and dealt with separately. It was also possible for him to contend that in respect of the agreement where the venue was agreed to be at Kolkata, the arbitration proceedings be conducted accordingly.

Cloud Kitchen-Gaining Prominence amidst the Global Impasse. Let’s learn the basics of it

April 29, 2020 5448 Views 0 comment Print

The Universal crisis caused by COVID-19 has led to revolutionary changes in the way the restaurant industry operates. With restaurants and hotels being shut, delivery kitchens, ghost restaurants or cloud kitchens are increasingly becoming more relevant. Even five-star chains across the country are counting on delivery operations to survive the crisis. The Oberoi Bengaluru, the […]

Tax on Sale of Property cannot be levied from GPA Holder

April 29, 2020 4647 Views 0 comment Print

Sama Om Reddy Vs ITO (ITAT Hyderabad) Ld.Counsel for the assessee had reiterated the submissions made by the assessee before the AO and has submitted that by virtue of the Agreement of Sale cum GPA and handing over of the possession, the assessee had transferred the property in favour of the Vendee/GPA-holder, Shri A.Manikyam. It […]

Important issues of SEZs / EOUs during COVID-19 lockdown

April 29, 2020 2430 Views 0 comment Print

Important operational issues pertaining to Special Economic Zones (SEZs) / Export Oriented Units (EOUs) during the prevailing lockdown for COVID-19 -reg.

2 Issues Related to Refund of Excess Balance in Cash Ledger resolved

April 29, 2020 702 Views 0 comment Print

Payment orders if resubmitted is getting resubmitted successfully to GSTN. It is therefore requested that necessary instructions may be issued to the proper officers handling refunds under your Jurisdiction to resubmit the payment orders wherever the above-mentioned errors were noticed.

MHA guideline on movement of migrant workers, pilgrims, tourists, students etc.

April 29, 2020 4584 Views 0 comment Print

a. All States/UTs should designate nodal authorities and develop standard protocols for receiving and sending such stranded persons. The nodal authorities shall also register the stranded persons within their States/UTs. . In case a group of stranded persons wish to move between one State/ UT and another State/UT, the sending and receiving States may consult each other and mutually agree to the movement by road.

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