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Archive: 20 April 2021

Posts in 20 April 2021

Rajasthan HC declines Bail in Alleged Fake ITC case of Rs. 47 crore

April 20, 2021 795 Views 0 comment Print

Sumit Dutta Vs Union of India (Rajasthan High Court) FULL TEXT OF THE JUDGMENT/ORDER of RAJASTHAN HIGH COURT 1. Petitioner has filed this bail application under Section 439 of Cr.P.C. 2. Complainant No. IV(06)157/AE/JPR/2020 was registered at Central Goods and Service Tax & Central Excise Commisionrate, Jaipur, for offences under Section 132 of CGST Act, 2017. […]

Business promotion expenses allowable despite no increase in Sales

April 20, 2021 8316 Views 1 comment Print

Unicity Health Private Limited Vs ITO (ITAT Bangalore) Admittedly, the business promotion expenses have been incurred for the purpose of improving sales of the assessee. There is merit in the submission of Ld. A.R. that the question of applying bright line test does not arise in the facts of the present case. Every businessman would […]

Parties Autonomy is Underlying Principle of Arbitration | PASL Ltd V GE Power

April 20, 2021 954 Views 0 comment Print

Recently in PASL Wind Solutions v. GE Power Conversion India, the question arose as to whether two companies incorporated in India can choose a forum for arbitration outside India.

Formation of new district in Tamil Nadu –Assignment of Lead Bank Responsibility

April 20, 2021 540 Views 0 comment Print

he Government of Tamil Nadu vide Gazette Notifications G.O.Ms. No.797 dated December 28, 2020 had notified the formation of a new district in the State of Tamil Nadu. It has been decided to assign the lead bank responsibility of the new district as under:

TDS not deductible on Salary of seconded employee if deducted by Holding Company

April 20, 2021 882 Views 0 comment Print

Hexagon- MIDCO India Private Ltd. Vs CIT Appeals (ITAT Mumbai) Learned Sr. DR fairly agreed that in case the holding company MIDCO Limited has deducted the TDS on salary paid to these employees no further requirement of TDS on principle but assessee has to produce evidence before the Assessing Officer. Hence, on Principle, we are […]

ROC e-form Compliance Tracker for Financial Year 2021-22

April 20, 2021 3993 Views 2 comments Print

ROC Compliance Tracker with Mandatory/ Applicability/ Category based e-forms for the Financial Year 2021-22 Article explains due date of Filing Mandatory E-forms under Companies Act, 2013 which includes Form – 11, DIR -3 KYC/ WEB KYC, AOC – 4, AOC – 4 CFS , AOC- 4 XBRL, Form – 8, MGT – 7 and MGT […]

Appointment of Managing Director under Company Law

April 20, 2021 273696 Views 4 comments Print

Article explains Appointment of Managing Director (New Person), Rules and Section under Company Law Applicable to Appointment of Managing Director, Definition of Managing Director under Section 2(54) of Companies Act, 2013, Important Pre- Requites for Appointment of Director as Managing Director under Companies Act, 2013, Procedure for Appointment of Director as Managing Director (MD), FAQ […]

Anti-dumping investigation on imports of ‘Plain Medium Density Fibre Board

April 20, 2021 2070 Views 0 comment Print

Case No. ADD-OI-11/2020 Anti-dumping investigation concerning imports of ‘Plain Medium Density Fibre Board having thickness less than 6mm’ originating in or exported from Vietnam, Malaysia, Thailand and Indonesia.

Loss of earlier year cannot be set-off if not declared in Original or Revised Return

April 20, 2021 675 Views 0 comment Print

Shailaja Vs ITO (ITAT Delhi) It is pertinent to note that the assessee has filed original  return  of income as on 31/08/2015 declaring an income of Rs. 5,71,960/- along with paying of double taxes of Rs. 43,230/- including self-assessment tax of Rs. 33,230/- on 31/8/2015. In the original return of income loss against sale of […]

JNCH: Submission of documents for specified items of work through e-mail

April 20, 2021 1317 Views 0 comment Print

OFFICE OF THE PR. COMMISSIONER OF CUSTOMS (NS– I), APPRAISING MAIN (IMPORT) JAWAHARLAL NEHRU CUSTOM HOUSE, SHEVA, TAL- URAN, DISTRICT- RAIGAD, MAHARASHTRA-400707 (email : Telephone No: 022-27244979) फा सं/FN. S/22-Gen-20/2020-21/AM (I)/JNCH Dated: 20.04.2021 PUBLIC NOTICE NO. – 35/2021 DIN- 20210478NW000061186E Subject: Submission of documents for specified items of work through e-mail- a measure to minimize human […]

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