SEBI board met on 29th June 2021 (no 22/2021) and took various decisions on independent directors, Review and merger of SEBI (Issue and Listing of Debt Securities) Regulations 2008, and SEBI (Non-convertible redeemable preference shares) Regulations, 2013 into a single regulation – SEBI (Issue and listing of Non-Convertible Securities) Regulations 2021, etc. Since SEBI sets […]
Service tax under the category of OIDAR, therefore, cannot be levied upon a user merely because he receives a code for getting a printout of the ticket from the cinema hall.
The Assessing Officer having arrived at his subjective satisfaction based on additional fresh material placed before him that the petitioner had not fully and truly disclosed all the material facts necessary for his assessment for the relevant assessment year and prima facie his income chargeable to tax had escaped assessment, he was fully justified in initiating the proceedings under section 147/148 of the said Act.
Court is not satisfied that the Petitioner has made out any case for interference by the Court at the present stage, i.e. the stage of issuance of the notice for reopening of the assessment under Section 147
1. These regulations may be called the International Financial Services Centres Authority (Bullion Exchange) (Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette.
(1) These regulations may be called the International Financial Services Centres Authority (Banking) (Second Amendment) Regulations, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.
(1) These regulations may be called the International Financial Services Centres Authority (Procedure for making Regulations) Regulations, 2021. (2) Save as otherwise provided, these regulations shall come into force on the date of their publication in the Official Gazette.
Raju Bhupendra Desai Vs ITO (Gujarat High Court) There is also no merit in the submission of Mr. Patel that the respondent was carrying out fishing and roving inquiry completely on incorrect facts and based on the borrowed belief of DCIT Central Circle-1(3), Ahmedabad. It may be noted that merely because in the reasons recorded […]
DTPA has made a representation to Finance Minister, Smt. Nirmala Sitharaman and requested for for recalling notices under section 148 issued as per old provisions after 31st March 2021. Full text of their representation is as follows:- DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph 033-22420638 Ref. No. – DTPA/Rep/21-22 Date: 5th July, 2021 URGENT To, […]
Understanding the consequences of failure to comply with tax directions under Section 271. Find out more about the burden of proof and implications of concealing income.
