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Archive: March, 2021

Posts in March, 2021

Online Facility by ICAI to update Email ID, Mobile & Address

March 17, 2021 90156 Views 10 comments Print

If you intend to update your Professional Address, Correspondence Address, and / or Email / Mobile number, you may do so by using the ‘Profile Edit Form’ in SSP. For us to reflect your name correctly in the List of Members and List of Firms (if you are also a partner). Login to SSP at […]

HC dismisses PIL for framing rules for Uniform of Excise Officers

March 17, 2021 2328 Views 0 comment Print

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.

Govt notifies last date for applying for RoSL claim

March 17, 2021 1167 Views 0 comment Print

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.

CBIC notifies New Jalpaiguri Railway Station LCS

March 17, 2021 999 Views 0 comment Print

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 […]

324 companies filed for bankruptcy between 2018 to 2020

March 17, 2021 681 Views 0 comment Print

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

March 17, 2021 1506 Views 0 comment Print

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. […]

IFSC Authority takes decisions on various regulations, & fee structures

March 17, 2021 792 Views 0 comment Print

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.

ITAT treated same transaction in case of Co-Owners differently: HC remits back for reconsideration

March 17, 2021 1242 Views 0 comment Print

Bombay High Court ruling on joint land purchase, capital gains. Amjad Ahmedbhai Sheikh Vs ACIT case details. Read the full judgment.

ITAT allows depreciation on Goodwill

March 17, 2021 2493 Views 0 comment Print

Geodis Overseas Pvt. Ltd. Vs DCIT (ITAT Delhi) We find, the AO, in the instant case, disallowed depreciation on goodwill on the ground that the assessee has not become the sole logistic service provider to IBM India, the value of workforce does not facilitate the smooth carrying on of the business of the assessee and […]

Stock Audit

March 17, 2021 90303 Views 0 comment Print

Article explains what is stock Audit, Reasons why one should look forward for the stock audit, key benefits of stock audit and List of Documents Required For Stock Audit. Stock audit, in general usage is considered as an important auditing term which refers to the physical verification of the inventory. However at times, it may […]

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