Government notified Tribunal (Conditions of Service) Rules, 2021. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 15th September, 2021 G.S.R. 635(E).—In exercise of the powers conferred by section 3 of the Tribunal Reforms Act, 2021 (33 of 2021) and in supersession of the Tribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other […]
ACIT Vs Tulip Star Hotel Ltd. (ITAT Delhi) It remains an undisputed fact that the assessee was incorporated on 10.09.1987, made investments in V. Hotels Ltd, which had acquired Centaur Hotel in Mumbai from the Government intending to revive the business of such hotels, but in view of legal dispute with regarding to Centaur Hotel […]
ITAT Jaipur: Challenge against PCIT invoking Section 263 for large share premium. AO’s proper examination defended. Grounds and merits discussed.
In a fast tract resolution procedure firstly a resolution professional is appointed. Then the resolution professional makes a public announcement within 3 days of his appointment.
As we know, Humans are in the urge of seeking double our money and gain profits by way of investment. In India, there is a concept in the minds of people investing in FDs, gold, and shares. But there is another way of investing also. We all are heard about the word “Crypto Currency” but […]
Supreme Court ratifies Section 54(3) of CGST Act, 2017 & Rule 89(5) of CGST Rules, 2017 Inequities in Rule 89(5) are to be ironed out by the Government in the course of the application of the formula for computation of Refund in case of Inverted Tax structure The Supreme Court on Monday 13th September 14, 2021, held […]
Resolution sought for problems being faced in the newly launched Income Tax portal/Request to resolve the problems & hardships faced by the Common Tax Payers for various compliance under Income Tax Act, 1961.
NEW VS OLD DEFINITION OF SMALL COMPANY As the annual filing season is coming along the way, it is pertinent to have a clear understanding about the applicability of definition of small company. For that matter, let’s have a look at some of the important points of consideration. – In the Union Budget 2021, Hon’ble […]
Notification No. 50/2021-Customs (ADD) In the matter of ‘Rubber chemical PX-13, originating in, or exported from, EU and Rubber chemical MOR, originating in, or exported from, China PR’
SEBI introduced concept of settlement of enforcement proceedings through rule based guidelines issued in 2007. Thereafter in 2012, comprehensive guidelines were issued which expressly provided for a system of formulating and arriving at the settlement terms.
