Case No. AD-SSR-20/2020): Initiation of Sunset Review of Anti-Dumping Duty imposed on imports of ―Glazed/ Unglazed Porcelain/Vitrified tiles in polished or unpolished finish with less than 3% water absorption‖ originating in or exported from China PR
WHAT IS FRRO REGISTRATION: Registration under FRRO is a mandatory requirement by the Government of India under which all foreign nationals (excluding overseas citizens of India) visiting India on a long term visa (more than 180 days) are required to register themselves with a Registration Officer within 14 days of arriving in India. Pakistani nationals visiting India are required to register within […]
The Central Government vide Gazette notification dated January 22, 2021 has introduced Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021. Corporate Social Responsibility (CSR) means the activities undertaken by a Company in pursuance of its statutory obligation laid down in section 135 of the Act in accordance with the provisions contained in these rules, but shall […]
Definition of Unlisted Public Company- Section 2(71) “public company” means a company which— (a) is not a private company *****14[and]; (b) has a minimum paid-up share capital as may be prescribed (No minimum paid up capital Requirement) (c) The securities of Company is not listed in any stock exchange. Provided that a company which is a subsidiary […]
Following major proposed amendments have been covered: 1. Incentives for affordable rental housing 2. Extension of date of sanction of loan for affordable residential house property 3. Extension of date of incorporation for eligible start up for exemption and for investment in eligible start-up 4. Increase in safe harbour limit of 10% for home buyers […]
IDBI Bank Ltd. Vs DCIT (ITAT Mumbai) During the Assessment Year (AY) 2009-10, the taxpayer made provision for expenses under the head ‘repairs and maintenance’ amounting to Rs. 6 million on which tax was not deducted at source. The taxpayer also made provision for ‘operation and maintenance charges’ amounting to Rs.7 million on which tax […]
Hindustan Petroleum Corporation Ltd. Vs Banu Constructions (Madras High Court) FULL TEXT OF THE JUDGMENT/ORDER OF MADRAS HIGH COURT The argument on behalf of the appellant is short and sweet: that the first principles of arbitration law do not permit an unreasoned order to be justified by supplementing reasons therefor upon looking into the evidence or […]
Torque Pharmaceuticals Pvt. Ltd. Vs Union of India And 5 Others (Allahabad High Court) It is pertinent to mention that dealers in the State of Uttar Pradesh falling under the CGST Act/ U.P. GST Act and aggrieved with the orders of first appellate authority under Section 107, have been left remediless inasmuch as Appellate Tribunal […]
WS Retail Services Private Limited Vs State of Jharkhand (Jharkhand High Court) It is the case of the petitioner, undisputed by the respondent that petitioner is not a registered dealer under JVAT Act, 2005 nor has been assessed to tax under the Act. No demand notices were raised against the petitioner as such to the […]
As per the current provisions of Section 45(4), the profits or gains arising from the transfer of a capital asset upon its distribution on dissolution or otherwise of the firm or body of individual (BOI) or association of persons (AOP) is chargeable to tax as ‘capital gains’ in the hands of the firm /BOI /AOP in the year in which such transfer takes place.
