"27 November 2020" Archive - Page 3

CSR expenses incurred before 01.04.2015 deductible as business expenses

Garden Reach Ship Builders & Engineers Ltd. Vs PCIT (ITAT Kolkata)

The amendment brought about by way of Explanation 2 to section 37 by Finance Act, 2014, was only with effect from 01.04.2015. ITAT held that the amendment in question is not retrospective. Expenditure incurred in CSR in accordance with guidelines issued by the Govt. of India is allowable as a deduction for both A.Y. 2013-14 and A.Y. 2014...

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Re-Opening of Assessment u/s 147 Merely Relying upon Investigation Report Not Justified in Law

Eminent Computers Pvt. Ltd. Vs ITO (ITAT Delhi)

Eminent Computers Pvt. Ltd. Vs ITO (ITAT Delhi) The issue under consideration is whether the re-opening of assessment u/s 147 merely relying upon investigation report is justified in law? ITAT states that the return of income filed by the assessee has also been analyzed with reference to the information received from the Investigation Win...

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Appeal Against Revisionary Section 263 should be Filed Before Tribunal: ITAT Mumbai

Viiking Technology and Trade Pvt. Ltd. Vs DCIT (ITAT Mumbai)

The issue under consideration is whether the ld. CIT(A) was justified in upholding the disallowance made on account of unverifiable purchases? Appel Against Revisionary Order u/s 263 should be Filed Before Tribunal: ITAT Mumbai...

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ITAT dismisses revenue appeal due to Monetary Limit & Assessee Appeal for non attendance

DCIT Vs Zorawar Vanaspati Ltd. (ITAT Delhi)

DCIT Vs Zorawar Vanaspati Ltd. (ITAT Delhi) The issue under consideration is whether the cross objection filed by the revenue regarding levying penalty u/s 234A and 234B of the Act on returned income is justified in law? ITAT states that as far as Revenue’s appeal is concerned, an undisputed fact that the Revenue’s appeal is […...

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Amended Section 55A provisions not applicable to documents registered before 01.07.2012

Jagrutiben V. Patel Vs ITO (ITAT Surat)

Jagrutiben V. Patel Vs ITO (ITAT Surat) Regarding the validity of reference to the DVO u/s.55A of the Act, first of all, it is to be noted that amendment in section 55A of the Act is effective from 01.07.2012, that is, applicable for assessment year 2013-14 and assessee`s case under consideration is for assessment year […]...

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Bombay HC to Resume Physical Hearings of Tax Matters from 01.12.2020

NA 27/11/2020

Hon’ble Judges to hear the matters physically at the Principal Seat at Bombay, on experimental basis with effect from 1st December 2020 to 10th January 2020 (Excluding Vacation) at 11.00 a.m to 1.30 p.m and 2.30 p.m. to 4.30 p.m....

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Notification No. 63/2020-Customs (N.T./CAA/DRI) Dated: 27.11.2020

Notification No. 63/2020-Customs (N.T./CAA/DRI) [S.O. 4468(E).] 27/11/2020

Notification No. 63/2020-Customs (N.T./CAA/DRI) [S.O. 4468(E).], Dated: 27.11.2020- Appointment of Common Adjudicating Authority MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (DIRECTORATE OF REVENUE INTELLIGENCE) New Delhi, the 27th November, 2020 Notification No. 63/2020-Customs (N.T./CAA/DRI) ...

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ADD investigation on imports of New pneumatic radial tyres of rubber for buses & lorries

Case No. OI- 22/2019 27/11/2020

FINAL FINDINGS Case No. OI- 22/2019 Anti-dumping investigation concerning imports of New pneumatic radial tyres of rubber for buses and lorries, with or without tubes and/or flaps originating or exported from Thailand....

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Filing of list of creditors under clause (ca) of sub-regulation (2) of regulation 13 of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

Circular No. IBBI/CIRP/36/2020 27/11/2020

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi – 110001 CIRCULAR No. IBBI/CIRP/36/2020 27th November, 2020 To All Registered Insolvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and...

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Tariff Notification No. 109/2020-Customs (N.T.) Dated: 27.11.2020

Notification No. 109/2020-Customs (N.T.) [S.O. 4266(E)] 27/11/2020

Tariff Notification No. 109/2020-Customs (N.T.) Dated: 27th November, 2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, 27th November, 2020 Notification No. 109/2...

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