"18 January 2023" Archive

Weekly newsletter from Chairman, CBIC dated 18/01/2022

DO No. 59/CH(IC)/2022 18/01/2023

Officers of Shillong Customs (Preventive) Commissionerate seized 255 kg. of Ganja (Cannabis) valued at about Rs. 38 Lakhs from dense jungles on the international borders in Sepahijala and West Tripura Districts in Tripura. Further, officers of Guwahati Customs Division of the Shillong Customs (Preventive) Commissionerate also seized 3 kgs...

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Exposure Draft of ICSI Social Audit Standards

The purpose of this Social Audit is to ascertain the impact made by the Social Enterprise through its activities, intervention, programs or projects implemented during the reporting period. The same shall be undertaken by professionals registered with an SRO and in accordance with Standards laid down for the said purpose....

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DGFT simplifies Composition Fee for Export Obligation Extension under Advance Authorization Scheme

Public Notice No. 52/2015-2020-DGFT [F. No. 01/94/180/133/AM22/PC-4.] 18/01/2023

Directorate General of Foreign Trade (DGFT) simplifies Composition Fee for Export Obligation Extension under Advance Authorization Scheme in a Move to boost trade facilitation and ease of doing business The Directorate General of Foreign Trade (DGFT) has notified the amended rules for calculation of Composition Fee for extending Export Ob...

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SEBI (Settlement Proceedings) (Amendment) Regulations, 2023

Notification No. SEBI/LAD-NRO/GN/2023/118 17/01/2023

These regulations may be called the Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2023....

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SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2023

Notification No. SEBI/LAD-NRO/GN/2023/117 17/01/2023

These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2023....

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SEBI (Stock Brokers) (Amendment) Regulations, 2023

Notification No. SEBI/LAD-NRO/GN/2023/116 17/01/2023

These regulations may be called the Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2023....

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SEBI (Change In Control In Intermediaries) (Amendment) Regulations, 2023

Notification No. SEBI/LAD-NRO/GN/2023/115 17/01/2023

These regulations may be called the Securities and Exchange Board of India (Change in Control in Intermediaries) (Amendment) Regulations, 2023....

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Certificates would be valid proof for claim of TDS even in absence of entry in Form 26AS

To ease compliance burden on the Tax Deductors, Industry bodies have approached the Ministry of Finance to dispense off with the requirement of issuance of TDS Certificate and reply on only Form 26AS. However, these TDS Certificates act as a saviour sometimes when there is a mismatch of Form 26AS due to technical glitches and […]...

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Karnataka Vikas Grameena Bank is deemed co-op society for Income Tax purposes

Karnataka Vikas Grameena Bank Vs ACIT (ITAT Bangalore)

Karnataka Vikas Grameena Bank Vs ACIT (ITAT Bangalore) Assessee is a regional rural bank and formed with the merging of four regional banks into a single regional rural bank. As per the Regional Rural Bank Act 1976 notification dated 12/09/2005, the shareholders were Central Government, State Government and sponsored Bank. The case was re...

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Order passed without examining main part of input service definition is non-speaking

CSCI Steel Corporation India Pvt Ltd Vs C.C.E (CESTAT Ahmedabad)

CESTAT Ahmedabad held that as the order is passed without examining the admissibility of input services credit under the main part of the definition of input service, the same is vague and non-speaking order....

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