"February, 2023" Archive

Weekly newsletter from Chairman, CBIC dated 28/02/2023

DO No. 65/CH(IC)/2022 28/02/2023

On the anti-smuggling front, in a major breakthrough, officers of the Directorate of Revenue Intelligence (DRI), in a well coordinated, pan India operation apprehended a syndicate of foreign nationals involved in the smuggling of large quantities of Gold through the India-Nepal border....

Read More

CBDT notifies amendment in ITR forms for AY 2023-24 / FY 2022-23

Notification No. 8/2023-Income Tax [G.S.R. 156(E).] 28/02/2023

Vide Notification No. 8/2023-Income Tax| Dated: 28th February, 2023 CBDT notifies amendment in ITR forms for AY 2023-24 / FY 2022-23. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Corrigendum Notification No. 8/2023-Income Tax| Dated: 28th February, 2023 G.S.R. 156(E).—In the notification of the Government...

Read More

Amendments in Para 4.42 of Handbook of Procedures 2015-2020

Public Notice No. 59/2015-2020-DGFT [F. No. 01/94/180/012/AM23/PC-4.] 28/02/2023

DGFT Simplifies process of levying Composition Fee for Export Obligation Extension to include more cases under Advance Authorization Scheme...

Read More

Tariff Notification No. 11/2023-Customs (NT) Dated: 28th February, 2023

Notification No. 11/2023-Customs (N.T.) [S.O. 945(E).] 28/02/2023

Tariff Notification No. 11/2023-Customs (NT) Dated: 28th February, 2023 – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 11/2023-Customs (N.T.) Dated: 28th February, 2023 S.O. 945(E).—...

Read More

Obligation in Case of Leak of UPSI of Listed Entity (LE)

Investors are attracted by good corporate governance, and this increases their reliance on the Listed Entities. The decisions of the board can affect the stock market reaction towards investors. Hence, the meetings and decisions of the board amount to confidential information. Confidential information is only shared when it is required fo...

Read More

Term ‘Sub-standard lives’ mentioned in IRDAI (Health Insurance) Regulations 2016 revised

Ref No: IRDAI/HLT/CIR/MISC/59/2/2023 28/02/2023

The underwriting policy shall also cover the approach and aspects relating to offering health insurance coverage. It shall have in place various objective underwriting parameters to differentiate the various classes of risks being accepted in accordance with the respective risk categorization...

Read More

Penalty u/s 271(1)(b) not imposable for non-compliance of section 142(1)

Sh. Sangram Ram S/o Dharma Ram Vs ITO (ITAT Jodhpur)

ITAT Jodhpur held that penalty under section 271(1)(b) of the Income Tax Act not imposable for non-compliance of section 142(1) of the Income Tax Act....

Read More

How can a Managing Director be appointed in multiple companies as per Companies Act 2013?

In India, the Companies Act, 2013 (the Act) provides detailed provisions for the appointment of a Managing Director in a company. One important aspect of these provisions is the appointment of a Managing Director in more than one company. In this article, we will discuss the legal provisions and requirements for such an appointment. 1. [&...

Read More

Penalty u/s 270A deleted as quantum of addition not finalized

CVMV Reddy’s Educational &

ITAT Chennai held that as the quantum of addition has not attained its finality, the penalty levied under section 270A of the Income Tax Act not imposable....

Read More

Compliances for Passing Board Resolutions through Circulation under Companies Act, 2013

Article, explain provisions with respect to passing of Board Resolution through circulation and list of resolutions which cannot be passed through circulation....

Read More

Search Posts by Date

April 2023
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930