CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 18th February, 2022 vide Notification No. 10/2022- Customs (N.T.) | Dated: 17th February, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 10/2022 – Customs (N.T.) New Delhi, dated the […]
Cut-off-date for further extension of admission to Foundation Course for June-2022 term is extended up to 25th February (Friday), 2022 THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (STATUTORY BODY UNDER AN ACT OF PARLIAMENT) CMA BHAWAN Ref. No.: G/128/02/2022 Date:- February 16, 2022 NOTIFICATION In pursuance of Regulation 20B of Cost and Works Accountants Regulation, […]
The Professional Development (PD) Committee of The Institute of Cost Accountants of India releases the Exposure Draft of the Multipurpose Empanelment Scheme (MES) for Public Comments. Last date is 17th March 2022. The Institute of Cost Accountants of India Professional Development Committee Professional Development Committee (2021-22) Request for Comments In the prevailing competitive environment the […]
RERA authority has the jurisdiction to entertain a complaint by an aggrieved person against the bank as a secured creditor if the bank takes recourse to any of the provisions contained in Section 13(4) of the SARFAESI Act.
Commissioner of Service Tax Vs Foodworld (CESTAT Delhi) Conclusion: Asessee was entitled to Service Tax Refund under errorneous advice of of service involved in sale of food to passengers subject to passing unjust enrichment test. Held: Assessee was having STC No.AAAFF497EST001 and was mainly engaged in the business of sale of food on board the […]
Ashok Kumar Yadav Vs ITO (ITAT Delhi) Ld. Counsel for assessee contended that AO has wrongly made addition of the cash deposit in the bank account u/s 69 of the Act. We do not agree with the contention of the Ld. Counsel for the assessee because assessee made a cash deposit of the impugned amount […]
Release of New Digital Portal for filing of Information with the Exchange – for Equity Announcements & Disclosures under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
CONSTITUTIONAL VALIDITY OF PREVENTION OF MONEY LAUNDERING ACT, 2002; The Prevention of Money Laundering Act, 2002 In the past when you had to open a Simple Bank account in any branch of PSU / Private Sector Bank in India, apart from filling all the particulars in the Account opening form, you had to fill a […]
In re Oswal Industries Ltd (GST AAAR Gujarat) The Advance Ruling No. GUJ/GAAR/R/25/2020 dated 09.07.2020 by holding that M/s. Oswal Industries Ltd. (M/s. Nimba Nature Cure Village) is not eligible to get the benefit of Sr. No. 74 of Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017 and corresponding Notification No. 12/2017-State Tax (Rate) dated 30.06.2017 […]
Delhi High Court in case of Coforge Limited (formerly known as NIIT Technologies Ltd) vs. ACIT: ITA Nos.213- 214/2020 decided on 05.07.2021, while reversing the decision of the Tribunal, held that demerger expenses under section 35DD of the Income Tax Act, 1961 (Ac”) are also allowable to the ‘resulting company’.
