Eligibility of the applicant for registration as Valuer, as prescribed under the Rules, is not established. Thus, in exercise of the powers conferred on the Authority under rule 6 (9) (b) of the Companies (Registered Valuers and Valuation) Rules, 2017, the application for registration as a RV in asset class of L&B is rejected. INSOLVENCY […]
It is observed that the declaration made by the applicant in his application, regarding his professional experience, is not corroborated by the documents available on record. This goes against the following affirmation made by the applicant under section G3 of the application form – “This application and the information furnished by me along with this […]
Seeks to further amend notification No. 50/2017-Customs dated 30.06.2017 so as to reduce the Basic Customs Duty on Lentils (Mosur) for the period from 18th September, 2020 to 31st October, 2020. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 17th September, 2020 Notification No. 34/2020-Customs G.S.R. 567(E).—In exercise of the powers conferred by […]
(Notified vide General Circular 12/2020 dated 30/03/2020) COMMENCEMENT AND VALIDITY OF THE SCHEME: The Scheme shall commence from 01.04.2020 and shall be valid till 30.09.2020. APPLICABILITY: The Scheme shall apply on all Defaulting Companies except: i. Companies against which action for final notice for striking off the name of the company has already been initiated. […]
Central Government, in exercise of the powers conferred by sub-section (1) read with sub-section (5) of Section 31 of the Special Economic Zones Act, 2005 (28 of 2005), hereby makes the following amendment in the notification of the Ministry of Commerce and Industry, Department of Commerce, dated 28th May, 2018, for inclusion of new members in CSEZ Authority, namely:
Gurvinder Singh Sohal Vs. Central Bureau of Investigation (Punjab High Court) The prayer in this petition is for grant of anticipatory bail to the petitioner regarding his alleged involvement in Bribery Case. In the present case, the petitioner and the other officials has raided the premises of the complainant and on that day, 03 other […]
As per Section 61 of the Customs Act, 1962 no interest is leviable on Ex-Bond Bills of Entry filed for clearing the goods for home consumption, from a Section 65 warehouse. In consonance with the same, following changes have been made in the ICES:
Global Logic India Ltd Vs DCIT (ITAT Delhi) No adjustment is to be made on account of notional interest on receivables by relying upon Explanation (i), (a) & (c) of section 92B by treating the continued debt balance as an international transaction. Moreover when the taxpayer is debt free company, there is no question of […]
Kechery Service Co-operative Bank Limited Vs ITO (ITAT Cochin) In the instant case, the Assessing Officer had denied the claim of deduction u/s 80P of the I.T.Act for the reason that assessee was essentially doing the business of banking and disbursement of agricultural loans by the assessee was only minuscule. Therefore, the Assessing Officer concluded […]
Notification No. 46/2020-Customs (N.T./CAA/DRI), Dated: 17.09.2020 – Appointment of Adjudicating Authority. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (DIRECTORATE OF REVENUE INTELLIGENCE) NOTIFICATION No. 46/2020-Customs (N.T./CAA/DRI) New Delhi, the 17th September, 2020 S.O. 3203(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 […]
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