"14 April 2021" Archive - Page 2

HC Grants Interim Relief against Bank Account attachment by GST authorities

Remark Flour Mills Pvt. Ltd. Vs State of Gujarat (Gujarat High Court)

Remark Flour Mills Pvt. Ltd. Vs State of Gujarat (Gujarat High Court) The petitioners are registered dealers under the Central Goods and Services Tax Act and are engaged in the business of manufacture and supply of wheat flour, meslin flour, cereal flours etc. The GST authorities had conducted a search at the business premises of [&hellip...

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Delhi HC junks Britannia’s Plea of Trademark Infringement against ITC

Britannia Industries Ltd Vs ITC Ltd. (Delhi High Court)

Britannia Industries Ltd Vs ITC Ltd. (Delhi High Court) 1. On 1 1th September, 2020, the Trademark Registry registered the following trademark in favour of the plaintiff M/s Britannia Industries Ltd., in respect of “biscuits, bread, buns, rolls, bakery products, coffee, tea, cocoa, sugar, rice, tapioca, sago, artificial coffee; flour an...

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Mock Test Papers Series I & II for May 2021 CA Examination

Board of Studies of ICAI is commencing Mock Test Papers Series-II from April 22, 2021 for students appearing in CA Foundation, IIPC & Intermediate; Final Old & New May 2021 examination....

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How to E-File Your Income Tax Return (ITR)

THE PROCESS OF ELECTRONICALLY FILING INCOME TAX RETURN THROUGH THE INTERNET IS KNOWN AS e-FILING. WHO CAN e-FILE? -Individual -HUF -Company/BOI/A0P/Firm/Trust/Local authority/Artificial juridical person -External Agencies -Tax professionals -Chartered Accountant -Tax Deductor and Collector -Electronic Return Filling Intermediaries ADVANTA...

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CBSE Class ‘X’ Exam Cancelled & Class ‘XII’ Exam Postponed

Notifications No. CBSE/CE/Exam. 2021/ 14/04/2021

The Board Exams for Class XII to be held from May 4th to June 14th 2021 are hereby postponed. These exams will be held hereafter. The situation will be reviewed  on 15  June, 2021 by the Board, and details will be shared subsequently. A notice of at least 15 days will be given before the start of the examinations....

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Draft Submission under Section 40A(3) of Income Tax Act ,1961

Written Submission in respect of Shri XXXXXXXX , XXXXXXX , XXXXXXXX , for the A.Yr. 2014-15 before the Hon’ble Commissioner of Income Tax(Appeals),XXXXXXXXX, XXXXXXXXi Respected Sir, Addition of Rs. 326000.00,Section 40A(3) of the Income Tax Act, 1961 Out of Total Purchases of Rs. 1005450.00(Including VAT) made during the F.Yr. 2013-14 ...

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Section 194H TDS not applicable on Expense on providing travel, accommodation to stockists, dealers & field staff by Pharma Companies

Intas Pharmaceuticals Ltd. Vs ACIT (ITAT Ahmedabad)

Intas Pharmaceuticals Ltd. Vs ACIT (ITAT Ahmedabad) Conclusion: Since assessee incurred expenses for providing facilities/services such as travel, accommodation and equipment to persons associated with it such as stockist, field staff, distributors and doctors and also incurred expenses towards distribution of various articles/gifts/other...

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“CSR- A Step Towards Social Upliftment”

The amendments to the CSR provisions brought by the Companies (Amendment) Act, 2020, (‘CAA, 2020’) have finally been made effective by MCA, vide its notification dated January 22, 2021. Along with this, MCA has notified the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 Definitions: Corporate Social Responsib...

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Buying Unlisted Shares: Key Aspects

There has been a significant increase in the curiosity of investors about buying unlisted shares. India has seen emergence of many unlisted companies which are doing well in terms of valuation. Success stories of startups commanding mind blowing valuation has drawn attention of many investors. There has been some news about of shares of I...

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Extinguishment of Liabilities Post Approval of Resolution Plan?

Ghanashyam Mishra and Sons Private Ltd. Vs Edelweiss Asset Reconstruction Company Ltd. (Supreme Court of India)

In the case of Ghanashyam Mishra and Sons Pvt. Ltd. vs. Edelweiss Asset Reconstruction Company Limited & Ors.[1], the Hon’ble Apex Court held that once the resolution plan is approved by the Adjudicating Authority, any creditor, including the tax authorities or other government authorities, are not entitled to recover any claims or...

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