CBI had registered a case U/s 120-B of IPC and Section 7 of PC Act, 1988 (as amended in the year 2018) against two Superintendents and two Inspectors, working in the office of Commissioner of CGST, Rohtak (Haryana) on a complaint.
The issue under consideration is whether the order passed by AO by denying the cross examination request of custom banker as well as bank officials is justified in law?
Central Board of Direct Taxes: Structure and Procedure of Faceless Assessment under Income Tax Act, pursuant to the amendment of e-assessment Scheme, 2019 In a pioneering decision, the Central Government vide Notification no. 60/2020 and 61/2020 dated 13 August 2020 (Notifications 2020) introduced Faceless Assessment for the purposes of Scrutiny Assessment and Best Judgement Assessment […]
We are celebrating the 74th Independence Day but a few of us have real financial freedom and the majority of us are stuck under the trap of debt, the real gift to the nation on this Independence Day would be to know and spread the set of Principles which may assist us and people around us to achieve the financial freedom.
Union Ministry of Micro, Small and Medium Entities (MSME), vide its Notification Dated 26.06.2020 notifies the new definition of MSME along with its new name i.e., “UDYAM Registration”, and introduced a new portal named “UDYAM Registration Portal”. Ministry also issued a clarification regarding new criteria for the classification of MSMEs. Our previous articles on UDYAM […]
Many startups organization sometimes don’t even be aware of what is legal and compliance function is, let alone and why it’s important. Whether you are aware or not, compliance management is important for your company for staying on top of the rules (which are frequently changing) and is essential to upholding a competitive edge. The […]
The appointment of BSR as the statutory auditor of IL&FS Financial Services Ltd. (IFIN) for the year 2017-18 was illegal, since BSR was not eligible to be appointed as such auditor due to violation of Sec 141(3)(e) (subsisting business relationships on the date of appointment) and Sec 141(3)(i) (provision of non-audit services directly or indirectly) of the Companies Act, 2013. BSR’s continuation as such statutory auditor was also violative of Sec 141(4).
High Court restricted the Central Government from appointing technical members to the Goods and Services Tax Appellate Tribunals (GSTAT) until further orders.
♣ NGO (Non-Government Organization): A non-governmental organization (NGO) is an organization that is not part of a government. They are non-profit making, voluntary and service oriented organizations. Many NGOs now prefer the term Private Voluntary Organization (PVO). A non-governmental organization (NGO) is a legally constituted organization created by natural or legal persons that operates independently […]
whether the serving of assessment order by uploading it on web portal and not communicated separately to the assessee will be considered as valid under law?
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