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Archive: 14 September 2021

Posts in 14 September 2021

CBDT extends ad-hoc appointments of 100 ACIT

September 14, 2021 2553 Views 0 comment Print

Office Order No. 245 of 2021 In continuation of CBDT’s Office Order No. 137 dated 23.08.2018 and subsequent respective orders for extending ad-hoc appointment to the grade of Assistant Commissioner of Income Tax, the President is pleased to extend the ad-hoc appointments of the following Assistant Commissioners of Income Tax from 23.08.2021 to 22.08.2022 or till their regular promotion. whichever is earlier:-

HC allows release of good on furnishing of Bank Guarantee & surety bond

September 14, 2021 2367 Views 0 comment Print

Maruti Castings, Proprietor Nand Kumar Sharma Vs Union of India (Rajasthan High Court) Prima facie it cannot be said that in case of a registered person action only under Section 35(6) read with Section 73 or 74 of the Act can be taken and that Section 67 of the Act cannot be invoked, if the […]

Golden opportunities for serving nation by serving MSMEs and Startups

September 14, 2021 1641 Views 2 comments Print

The fact that almost 65% of the country’s population comprises of young age particularly under age of 35 years is reason that our country has gain status of young nations in the world. Although it is true that the more the working eligibile population , the more the unemployment problems are, but if are to name one sector that is immensely contributing to resolve such issues, is the Micro, Small and Medium Enterprises sector

Encyclopedia On Micro, Small and Medium Enterprises

September 14, 2021 1842 Views 0 comment Print

Being repsonsible for contributing the expansion of entrepreneural endeavours the Micro, Small and Medium Enterprises sector (hereinafter MSME)  has been widening its domain across country.

Goldmine of Professional Opportunities Under RERA

September 14, 2021 5970 Views 0 comment Print

Chartered accountant is also required to give promoter certificate (Form 3 reg. 3 of MahaRERA General Regulations, 2017) which he will needing to fufill the registration requirements. The said certificate is also necessary for seeking withdrawals from separate account maintained by builder in scheduled bank containing 70% amount realised from allottees towards real estate project.

Crucial Decision of Home Buyer’s for Successful Execution of their Dream Project

September 14, 2021 1092 Views 0 comment Print

It is a general rule to be cautious while investing in real estate since there are many emotional decisions involved it is necessary to take every step wisely. Whether a person is buying an apartment or consenting to the redevelopment of society, the most stressful task is finding a reliable builder.

Justice Process in RERA – Section 31, 43(5), 58 & Article 32, 136, 226 of Constitution

September 14, 2021 13986 Views 0 comment Print

The Justice Process In RERA Section 31, 43(5), 58 And Article 32,136 226 Of The Constitution Of India & Comparison Of RERA Vs Consumer Protection Act 2019 Vs IBC, and What Person Should Know Before Initiating A Litigation?

Solution For Stalled Real Estate Project

September 14, 2021 1221 Views 0 comment Print

It is well settled that the Real Estate (Regulation and Development) Act, 2016 requires mandatory compliance from promoter towards real estate project registration and also sepcifies the revocation of registration if his activity found in contravention to the provisions of the same. If the situation so arise the question may come as to what will happened to the ongoing real estate project and individuals having interest in it.

Coaching services with other supply viz. test paper, printed material, bag, uniform etc. is a composite supply of services

September 14, 2021 1260 Views 1 comment Print

Where the coaching services provider supplies services of coaching to students which also includes along with coaching, supply of goods/printed material/test papers, uniform, bags and other goods to students. Such supplies are not charged separately but a consolidated amount is charged, the major component of which is imparting of coaching. In such circumstances, whether such supply shall be considered, a supply of goods or a supply of services?

Transfer pricing adjustment on account of alleged guarantee transaction

September 14, 2021 1224 Views 0 comment Print

Bennett Coleman & Co Ltd Vs DCIT (ITAT Mumbai)  What is being termed as a guarantee is the obligation of the assessee company, in terms of “agreement for the sale and purchase of entire equity share capital of Virgin Radion Holdings Ltd UK” dated 30thMay 2008, which has led to the actual crystallization of sale […]

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