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Archive: 25 September 2020

Posts in 25 September 2020

Directions for Disposal of appeal under Faceless Appeal Scheme, 2020

September 25, 2020 8559 Views 1 comment Print

For the purposes of giving effect to the Faceless Appeal Scheme, 2020 made under sub-section (6B) of section 250 of the Act, the Central Government hereby makes the following directions, namely:-

Faceless Appeal Scheme, 2020

September 25, 2020 27249 Views 1 comment Print

This Scheme may be called the Faceless Appeal Scheme, 2020. The appeal under this Scheme shall be disposed of in respect of such territorial area or persons or class of persons or incomes or class of incomes or cases or class of cases, as may be specified by the Board.

Extend timelines for Annual filing of OPC due to Covid 19: ICSI

September 25, 2020 3273 Views 0 comment Print

It is requested extend the timelines for annual filing of OPCs upto 31st December, 2020. This will ease the difficulties faced by the OPCs in the time of crisis.

Transgender Persons (Protection of Rights) Rules, 2020

September 25, 2020 17358 Views 1 comment Print

(1) These rules may be called the Transgender Persons (Protection of Rights) Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette.

Applicability of provisos to Section 164(2) & 167(1)(a) – Companies Act, 2013

September 25, 2020 10572 Views 0 comment Print

Whether the provisos to Section 164(2) and Section 167(1)(a) of the Companies Act, 2013 [inserted via the Companies (Amendment) Act, 2018 w.e.f. 07.05.2018] be applicable retrospectively? The aforesaid issue was raised before the Hon’ble Delhi High Court in the matter of Mukut Pathak & Ors. vs Union of India & Anr. In the present case, […]

AO to examine section 79 only in year in which  assessee claims set off of losses

September 25, 2020 4254 Views 0 comment Print

Orra Fine Jewellery Pvt. Ltd. Vs DCIT (ITAT Mumbai) The substantial issue for consideration now before us for the A.Y. 2012-13 is whether the provisions of section 79 of the Act can be invoked and examined in the assessment year in which the assessee claimed for carry forward of losses or in the assessment year […]

Meaning of expression ‘other company’ | Section 164(2) | Companies Act, 2013

September 25, 2020 7548 Views 0 comment Print

Whether the expression ‘other company’ in Section 164(2) of the Companies Act, 2013 means all other companies except non-defaulting company in which he was already a director? A person who has incurred the disqualification under section 164 (1) of the Companies Act, 2013 (‘the Act, 2013) is not eligible for being appointed as a director […]

Companies which are functionally dissimilar cannot be taken as a comparable

September 25, 2020 1266 Views 0 comment Print

TRX Technologies India Pvt. Ltd. Vs DCIT (ITAT Bangalore) The assessee is contending to exclude from the list of comparables M/s. Acropetal Technologies Limited (Seg.), M/s. Accentia Technologies Limited, ICRA Online Ltd. and Jeevan Scientific Technology Limited. In similar circumstances and for the same assessment year, the jurisdictional Tribunal in the case of Aspect Technology […]

CVD on imports of Copper Tubes and Pipes- Reg.

September 25, 2020 993 Views 0 comment Print

INITIATION NOTIFICATION No. (CVD-08/2020) dated 25th September, 2020- Initiation of Countervailing Duty Investigation concerning imports of Copper Tubes and Pipes from Malaysia, Thailand and Vietnam

Investigation on imports of Glass Fibre and articles- Reg.

September 25, 2020 657 Views 0 comment Print

INITIATION NOTIFICATION Case No. (SSR) 17/2020 dated 25.09.2020- Initiation of sunset review investigation concerning imports of Glass Fibre and articles thereof from China PR

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