Addition on account of unexplained share capital/premium was not justified as AO merely doubted the financial capacity of the Investors because they had reported low income in their return of income. This could not be the sole basis to doubt the explanation of assessee. It might be suspicion of the AO only without bringing any evidence on record.
Manual processing of declaration filed under SVLDRS, 2019 in order to comply with the directions of the Hon’ble High Courts to the concerned Designated Committee for fresh decision
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As per the own case of the petitioner as set out in paragraph 19 of the writ petition there is practice of wearing Khakhi Uniform by the officers of different wings of the department which was started sometime in the year 1938. However, there is no uniformity in these uniforms. As such, it cannot be said that the insistence of wearing Uniform by the members of the petitioner’s association has been introduced recently in the department, without there being any order or direction.
In the online module for filing claims under RoSL, applications containing shipping bills with Let Export Order (LEO) date between 01.10.2017 and 06.03.2019 are required to be submitted separately. Similarly, separate application containing shipping bills with LEO date before 01.10.2017 needs to be submitted. Last date for submitting applications containing shipping bills with LEO date from 01.10.2017 date for filing applications containing shipping bills with LEO date before 01.10.2017 would be 31.12.2021.
Amendment to the Notification No. 63/1994-Customs (N.T) dated 21st November, 1994 by notifying New Jalpaiguri Railway Station LCS. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 30/2021- Customs (N.T.) New Delhi, the 17th March, 2021 26 Phalguna, 1942 (SAKA) S.O. (E). — In exercise of the powers conferred by clauses (b) and […]
As per data provided by the National Company Law Tribunal (NCLT), 149 in the year 2018, 103 in the year 2019 and 72 in the year 2020 making a total of 324 companies which have filed for bankruptcy during the aforesaid three years period.
Notification No. 24/2021-Customs (N.T./CAA/DRI), Dated: 17.03.2021- Principal Director General, Revenue Intelligence, hereby appoints common adjudicating authorities. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence) New Delhi, the 17th March, 2021 Notification No. 24/2021-Customs (N.T./CAA/DRI) S.O. 1458(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. […]
The market infrastructure institutions (MIIs) viz. stock exchanges, clearing corporations and depositories are of critical importance in the growth and stability of any financial system. The Authority at its meeting held on March 15, 2021 approved the MII Regulations.
Bombay High Court ruling on joint land purchase, capital gains. Amjad Ahmedbhai Sheikh Vs ACIT case details. Read the full judgment.
