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Guidelines to trade associations for self policing to protect people from Covid-19

April 24, 2021 396 Views 0 comment Print

At present, the continuous high increase of covid cases across the Country is a matter of great concern for all of us. Even more worrying is that all the states have completely failed to stop the corona, due to which there is a famine of medical facilities across the country and people are moving from one place to another, pleading for help.

Training Requirements exempted for June-2021 CMA Examinations

April 23, 2021 249 Views 0 comment Print

This is to notify that all types of training to be completed before appearing CMA Intermediate/ Final Examinations as applicable are hereby exempted only for June- 2021 Term of Examinations due to pandemic situation arising out of spread of COVID-19.

CBI arrests then Superintendent of GST in an ongoing Investigation

April 23, 2021 633 Views 0 comment Print

CBI ARRESTS THEN SUPERINTENDENT OF GST IN AN ONGOING INVESTIGATION OF A CASE The Central Bureau of Investigation has arrested the then Superintendent of GST, Hyderabad in an ongoing investigation of a case. CBI had registered a case on 08.07.2019 against the accused and his wife on the allegations of illicitly enriching themselves to the […]

Hospitals should not insist on cash payment from Policyholders: IRDAI

April 23, 2021 1353 Views 0 comment Print

There are reports of certain network providers (hospitals) charging high rates and insisting on cash payments from the policyholders for providing treatment to COVID-19 infected patients despite having cashless arrangement with Insurers.

RBI issues instructions on Declaration of dividends by banks

April 22, 2021 1365 Views 0 comment Print

Commercial Banks may pay dividend on equity shares from the profits for the financial year ended March 31, 2021, subject to the quantum of dividend being not more than fifty percent of the amount determined as per the dividend payout ratio prescribed in paragraph 4 of the said circular. Other instructions in the circular dated May 4, 2005 shall remain unchanged.

No penalty for difference of opinion on treatment of rental income

April 22, 2021 1227 Views 0 comment Print

Raghuram Garikapati Vs DCIT (ITAT Hyderabad) The assessee’s sole substantive grievance raised in the instant appeal challenges correctness of both the lower authorities’ action imposing Section 271(1)(c) penalty of Rs.10,46,957/- pertaining to quantum addition arising from treatment of rental income (as to whether it came under the head ‘income from house property’ or ‘income from […]

Why no uniform order on Lokdown, Vaccination, Supply of Essentials & Oxygen?

April 22, 2021 666 Views 0 comment Print

e direct that notices be issued to the Union Government, the State Governments/Union Territories and the parties, who appeared to have approached the High Courts to show cause why uniform orders be not passed by this Court in relation to a) Supply of oxygen; b) Supply of essential drugs; c) Method and manner of vaccination; and d) Declaration of lockdown.

FM assures industry of Government’s support

April 22, 2021 312 Views 1 comment Print

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, here today urged the industry to wait and watch for next few days to assess the situation amid the second wave of COVID-19 pandemic. The Finance Minister also assured the industry of full government support.

Indian Medicine Council (Amendment) Ordinance, 2021

April 22, 2021 657 Views 0 comment Print

Indian Medicine Council (Amendment) Ordinance, 2021. In section 3A of the Indian Medicine Central Council Act, 1970, in sub-section (2), for the words ‘within a period of one year’, the words ‘within a period of two years’ shall be substituted.

Assessment become void ab-initio if done without issue of section143(2)

April 21, 2021 5241 Views 0 comment Print

Cosmat Traders Pvt. Ltd Vs ITO (ITAT Kolkata) We hold that the assessment order is bad in law for the reason that the Assessing Officer having jurisdiction over the assessee, has not issued a notice u/s 143(2) of the Act as required by the statute. Notice issue by the officer having no jurisdiction of the […]

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