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Archive: 20 February 2023

Posts in 20 February 2023

Treatment of inward Co-Insurance while reporting MTP Obligations

February 20, 2023 642 Views 0 comment Print

obligations of an Insurer in respect of Motor Third Party Insurance Business for every Financial Year are also specified in IRDAI (Obligation of Insurer in Respect of Motor Third Party Insurance Business) Regulations, 2015.

IBBI caution IP for Non-Disclosure of relationship with valuer & forensic auditor

February 20, 2023 588 Views 0 comment Print

IP shall ensure disclosure of the relationship, if any, of the other professional engaged by him with himself, the Corporate Debtor (CD), Financial Creditor, Interim Finance Provider and Prospective Resolution Applicant to the Insolvency Professional Agency (IPA) of which he is a member, within the time specified.

High-Risk CRIUNRU PAN Case and High-Risk CRIUNRU Non-PAN Cases

February 20, 2023 12345 Views 0 comment Print

High-Risk CRIUNRU PAN Case and High-Risk CRIUNRU Non-PAN Cases – Dissemination of Cases on the ‘Verification’ module of Insight portal (RMS Cycle-2)

Verification module of Insight portal for Assessment, Investigation & TDS wings

February 20, 2023 3849 Views 0 comment Print

Dissemination of Cases on ‘Verification’ module of Insight portal for Assessment, Investigation and TDS wings as per Risk Management Strategy (Cycle-2) of CBDT

High-Risk Non-PAN Transaction cases on Verification module of Insight portal

February 20, 2023 4287 Views 0 comment Print

In this regard, potential cases pertaining to AY 2016-17 and AY 2019-20 identified on the basis of risk assessment of verification reports uploaded in the STR module, have been disseminated to field formations with below mentioned case types on the Verification module of the Insight portal.

Unexplained cash expense addition unsustainable as cash book and cash receipts not doubted

February 20, 2023 1062 Views 0 comment Print

ITAT Ahmedabad held that addition towards unexplained cash unsustainable as cash expenses duly incorporated in books of accounts and cash book as well as cash receipts not doubted by the authority.

49th GST Council Meeting Decisions

February 20, 2023 10260 Views 0 comment Print

Master all the important details from the 49th GST Council Meeting Decisions in one place. Get the facts and statements from the Hon. Finance Minister’s press conference.

Recorded reasons for reopening can neither be improved nor substituted by an affidavit

February 20, 2023 828 Views 0 comment Print

Bombay High Court held that issue of reopening of assessment has to be tested only on the basis of the reasons recorded, which reasons can neither be improved upon nor substituted by an affidavit or oral submissions.

Draft format of Power of attorney

February 20, 2023 40905 Views 0 comment Print

To furnish such indemnities as may be required by Bank and / or its duly constituted trustees in relation to effective release / reconveyance of properties mortgaged by the Grantor in favour of  Bank and / or its duly constituted trustees, as security for the facilities availed by the Grantor from

Draft Joint Venture Agreement

February 20, 2023 23628 Views 1 comment Print

Draft a secure Joint Venture Agreement with the help of XYZ Pvt Ltd and ABC. Learn all the components of the Agreement, understanding the responsibilities of both parties.

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