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Archive: 07 September 2022

Posts in 07 September 2022

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 5379 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 4590 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Sundry creditors cannot be treated as bogus on mere personal belief & imagination of AO

September 7, 2022 2703 Views 0 comment Print

ACIT Vs Pradip Mullick (ITAT Kolkata) Assessee submitted that owing to business of manufacturing and sale of sweets and confectioneries, he has to regularly purchase different types of raw materials from different vendors for his day to day business requirement. The number of vendors are large as there are small vendors mostly supplying perishable item […]

Lack of clarity is no valid argument for Insolvency Professional: IBBI

September 7, 2022 1098 Views 0 comment Print

In view of the submission made by Mr. Sanjit Kumar Nayak, and materials available on record, DC notes that Sanjit Kumar Nayak should have been more careful and vigilant in conducting the CIRP and Liquidation process. The deficiencies as noticed and conceded by Mr. Sanjit Kumar Nayak, with little care and knowledge of the statute, […]

Elections to ICSI Council & Regional Councils, 2022 – Venue & Schedule

September 7, 2022 1851 Views 0 comment Print

Duration of 13th ICSI Council and Regional Councils shall expire on 18th January, 2023, the elections for constitution of new Council and Regional Councils shall be held as notified

Notification No. 48/2022-Customs, Dated: 07.09.2022

September 7, 2022 1479 Views 0 comment Print

Seeks to amend notification No. 57/2000-Customs, dated the 8th May, 2000 to apply IGCR Rules with effect from 01.10.2022 vide Notification No. 48/2022-Customs, Dated: 07.09.2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 48/2022-Customs | Dated: 7th September, 2022 G.S.R. 688(E).—In exercise of the powers conferred by sub-section (1) of section 25 of […]

IGCR Rules applicable with effect from 01.10.2022

September 7, 2022 14751 Views 0 comment Print

CBIC amends notification No. 56/2000-Customs, dated the 5th May, 2000 to apply Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 (IGCR Rules) with effect from 01.10.2022 vide Notification No. 47/2022-Customs | Dated: 7th September, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 47/2022-Customs | Dated: 7th September, 2022 G.S.R. […]

Conversion of proprietary concern into a Pvt. Ltd. Company – No Capital Gains on Transfer of Goodwill acquired by incurring cost

September 7, 2022 1752 Views 0 comment Print

ITAT held that even if you invoke provisions of Sec.47A(3) of the Act, to withdraw exemption granted u/s.47(xiv)(b) of the Act, but, in principle there cannot be any capital gains on transfer of goodwill, because, said goodwill is not self-generated or created on account of conversion of proprietary concern into a Pvt. Ltd. Co., but acquired by incurring cost.

Capital Gain Exemption – Section 54EC bond discontinued by NHAI

September 7, 2022 8922 Views 0 comment Print

It has been decided to close the 54 EC capital gain bond issue 2022-23 of NHAI with Immediate effect. Accordingly, please ensure that no fresh application/money is accepted for these bonds on or after 3rd September 2022. Bank are requested to freeze the credit in the bank accounts opened for NHAI 54 EC bonds collection from 03rd Sept 2022.

Empanelment of Forensic Auditor for Jammu and Kashmir Bank

September 7, 2022 1827 Views 0 comment Print

Online Request for Quotation (e-RFQ) for Engagement of external Auditors for conducting Forensic Audit of 01 (One) borrower group of the bank covering the period from year 01.01.2002 to 31.03.2013 in Fund Based Working Capital account and Non-Fund Based facilities. The borrower company is having its operations at Jammu & Ludhiana and registered office(s) at Ludhiana, Punjab. […]

Submission of information pertaining to ‘Unclaimed Non-convertible Securities’

September 7, 2022 972 Views 0 comment Print

Listed entities are advised to take note of the below notice inter alia advising regarding Submission of information pertaining to ‘Unclaimed Non-convertible Securities’ as on August 31, 2022, as per format given in the attached notice. The aforementioned information is to be submitted to the email ids mentioned in the attached notice latest by September […]

FAQs on SEBI Settlement Scheme, 2022

September 7, 2022 1965 Views 0 comment Print

SEBI Settlement Scheme, 2022 would be applicable in respect of entities that have executed reversal trades in illiquid stock options segment of BSE between April 1, 2014 and September 30, 2015

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