Follow Us:

Archive: December, 2020

Posts in December, 2020

Additional Payment Mechanism (i.e. ASBA, etc.) for Payment of Balance Money in Calls for partly paid specified securities issued by the listed entity

December 8, 2020 2103 Views 0 comment Print

Additional Payment Mechanism (i.e. ASBA, etc.) for Payment of Balance Money in Calls for partly paid specified securities issued by the listed entity

Petition cannot be filed before HC when alternate remedy exists merely for necessity of pre-deposit for Appeal

December 8, 2020 1887 Views 0 comment Print

Raju Laxman Pachhapure Vs Union of India (Bombay High Court) In this case Appellant submits that although there is a statutory remedy of appeal available against the order and though the petitioners are desirous of filing the same but because a pre-deposit would be necessary for filing an appeal which would be burdensome on the […]

HC imposes cost of Rs. 3 Lakh on taxpayer for dismissing dept. order passed without sufficient opportunity

December 8, 2020 939 Views 0 comment Print

Tvl.G. Sankar Timber Depot Vs The State Tax Officer (Madras High Court) Admittedly, the show cause notices were issued on 03.08.2020 and the impugned assessment orders have been issued on 31.10.2020, within a short period of three months. When the petitioner has been seeking for sufficient time for sending a detailed reply and that too when […]

HC grants Relief under SVLDR Scheme to Saksham Facility Services Private Limited

December 8, 2020 963 Views 0 comment Print

Designated Committee was directed to consider afresh the declaration of assessee under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019  as a valid declaration and grant the consequential relief after giving due opportunity of hearing to assessee.

Penalty cannot be imposed for merely treating capital asset as Agricultural Land

December 8, 2020 1347 Views 0 comment Print

Shri Babuji Jacob Vs ITO (Madras High Court) Admittedly, all the amounts were received by the assessee through banking channels and he had mentioned about the same in his return of income. The only mistake done by the assessee was to treat both the lands as agricultural lands. Once the notice under Section 143(3) of […]

Interest paid in earlier year cannot be used for ALP computation

December 8, 2020 1164 Views 0 comment Print

The exercise of ALP determination has to be undertaken each year separately by considering the facts and circumstances that are relevant and germane to the issue for that particular year.

Customs: Exporter not required to give declaration of technical specification, quality & characteristics of inputs used in resultant product

December 8, 2020 2652 Views 0 comment Print

Unibourne Food Ingredients LLP Vs C.C.-Jamnagar (Prev) (CESTAT Ahmedabad) Customs: Exporter not required to give declaration of technical specification, quality & characteristics of inputs used in resultant product As per Policy Circular No. 72/2008 dated 24.03.2009, flexibility has been given to import alternative inputs or goods which are capable of using in the export product. […]

No declaration can be made for excisable goods-Kerosene Oil under SVLDRS scheme

December 8, 2020 1497 Views 1 comment Print

Assessee was not eligible to make a declaration under the ‘Sabka Vishwas Scheme’ with respect to Superior Kerosene Oil (SKO) as S.K.O. was an excisable goods set forth in the Fourth Schedule to the Act, 1944 and section 125(1)(h) of the Act 2019/ ‘Sabka Vishwas Scheme’ had specifically excluded persons seeking to make declarations with respect to excisable goods set forth in the Fourth Schedule to the Central Excise Act, 1944. 

Major initiatives by ICSI for safe Conduct of CS Exam

December 8, 2020 2634 Views 0 comment Print

In view of the prevalent situation, ICSI is taking all possible measures for conducting CS Examinations scheduled to be held from 21st December to 30th December, 2020 in most safe and secured manner.

ICSI Opt-Out facility from December 2020 to June 2021 exam session

December 8, 2020 7164 Views 1 comment Print

The June, 2021 Session of Examinations shall commence from 1st June, 2021 and the time table for the same shall be hosted on the website separately. Due to the Covid-19 pandemic, the Institute has decided to give a one time option to the students to Opt Out from the December, 2020 Session of Examinations by carrying forward the credit of examination fee to June, 2021 session of examinations.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930