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Archive: February, 2021

Posts in February, 2021

No Reopening on Borrowed Satisfaction when view was already taken by AO

February 19, 2021 1863 Views 0 comment Print

Alliance Filaments Ltd Vs ACIT (Gujarat High Court) A plain reading of the reasons recorded revels that the Assessing Officer has solely relied on the information received from the Investigation Wing- Surat. We are of the view that, the Assessing Officer has not applied his independent mind while recording the reasons that the income has […]

Drivers, Whose Work Is Arranged Through Uber APP are Workers of Uber & not Independent Contractors: UK SC

February 19, 2021 1407 Views 0 comment Print

Uber BV And Others  Vs Aslam And Others (Supreme Court of UK) The central question on this appeal is whether an employment tribunal was entitled to find that drivers whose work is arranged through Uber’s smartphone application (the Uber app) work for Uber under workers’ contracts and so qualify for the national minimum wage, paid […]

New Central Sector Scheme for Industrial Development of Jammu & Kashmir

February 19, 2021 8586 Views 1 comment Print

The Government of India is pleased to announce New Central Sector Scheme for Industrial Development of Union Territory of Jammu & Kashmir.This Scheme will be called New Central Sector Scheme for Industrial Development of Jammu & Kashmir.

Major Benefits of Financial Technology in Today World

February 19, 2021 3912 Views 8 comments Print

Financial technology (also known as FinTech) is the use of innovative technology to provide a wide range of financial products and services. It aims to facilitate the multi-channel, convenient and fast payment experience for the consumer. This type of technology is effective in many different business segments, such as mobile payments, investment management, money transfer, […]

Companies (Specification of definitions details) Second Amendment Rules, 2021

February 19, 2021 13437 Views 0 comment Print

Companies (Specification of definitions details) Second Amendment Rules, 2021. Insertion of Rule 2A in Companies (Specification of Definitions Details) Rules, 2014 specifying ‘Companies that are not considered as Listed Companies’ w.e.f. 1st April 2021. This is to inform you that pursuant to the amendment brought out by the Companies (Amendment) Act, 2020 in Section 2(52) […]

Issuance of Certificate of Origins (NP) through Common Digital Platform

February 19, 2021 1647 Views 0 comment Print

It is also informed that while applicants can choose to avail CoO (NP)online or in manual mode till 31.3.2021 w.e.f 1.4.2021 applications will be accepted in online mode only. Further details in the matter will be notified subsequently.

Govt imposes definitive anti-dumping duty on imports of Aniline from China

February 19, 2021 3774 Views 0 comment Print

CBIC Seeks to impose definitive anti-dumping duty on imports of Aniline originating in or exported from China PR for a period of five years from the date of levy of provisional anti-dumping duty, i.e. 29th July, 2020 vide  Notification No. 08/2021 -Customs (ADD) dated 19th February, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, […]

Consumer court fines ‘More Megastore’ for charging for carry bags with company logo

February 19, 2021 16965 Views 1 comment Print

Baglekar Akash Kumar Vs More Megastore Retail Limited (District Consumer Disputes Redressal Commission, Hyderabad) Disclosing the price of carry bags at the payment counter seems to be undoubtedly an ‘un-fair trade practice’ Under Section – 2 (1) (r) of the Consumer Protection Act, 1986 {Corresponding Section -2 (47) of the Consumer Protection Act, 2019}. As […]

Appeal cannot be dismissed Merely For Non-Prosecution

February 19, 2021 4368 Views 0 comment Print

Pradeep Kumar Jindal  Vs PCIT (Delhi High Court) In the present case, admittedly, there is no adjudication by the ITAT on merits. In our opinion, the order dated 10th December, 2015 of the ITAT, dismissing the appeal of the petitioner for non-prosecution and not on merits, as the ITAT was required to do notwithstanding the […]

Govt declares 5.81% interest on deposits under Senior Citizens Welfare Fund for 2020-21

February 19, 2021 738 Views 0 comment Print

It is hereby notified that the deposits made under the Senior Citizens Welfare Fund, announced in the Ministry of Finance (Department of Economic Affairs) Notification No. G.S.R. 322(E) dated 18th March, 2016, shall with effect from 1st April, 2020 to 31st March, 2021, bear interest at 5.81% (Five point eight one percent). This rate will be in force with effect from 1st April, 2020.

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