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Reopening after 4 years in absence of failure of Assessee to disclose fully & truly all material facts necessary for assessment is invalid

July 30, 2020 1395 Views 0 comment Print

ACIT Vs Shiv Vegpro Pvt. Ltd. (ITAT Jaipur) Reopening after 4 years in absence of failure of Assessee to disclose fully & truly all material facts necessary for assessment is invalid AO has even not mentioned as on what account or transactions the assessee has taken the accommodation entry from Shree Ram Trading Co. It […]

2nd phase of All India roll-out of Faceless Assessment wef 03.08.2020

July 30, 2020 774 Views 0 comment Print

CBIC has decided to begin the 2nd phase of All India roll-out of Faceless Assessment w.e.f. 03.08.2020 by including Delhi and Mumbai Customs Zones and extending the scope of Faceless Assessment at Chennai and Bangalore Customs Zones.

Change in Import Policy of colour television

July 30, 2020 2661 Views 1 comment Print

DGFT has vide Notification No. 22/2015-2020 dated 30.07.2020 notified the change in Import Policy of colour television sets under HS codes 8528 7211 to 8528 7219. Import policy of colour television sets under HS code 8528 7211 to 8528 7219 is amended from ‘Free’ to ‘Restricted’. Government of India Ministry of Commerce & Industry Department […]

SEBI to implement Pledge / Re-pledge mechanism in Depository System’ from August 01, 2020

July 29, 2020 3885 Views 0 comment Print

The mechanism of pledge / re-pledge shall be implemented with effect from August 01, 2020. Trading member (TM) / Clearing member (CM) shall endeavor to align their systems and accept client collateral and margin funded stocks by way of creation of pledge / re-pledge in the Depository system.

Revised SEBI compliance timeline for DPs / RTAs / KRAs

July 29, 2020 1188 Views 3 comments Print

 In view of the prevailing situation due to COVID-19 pandemic and representation received from the Depositories, it has been decided to further extend the timelines for compliance with the regulatory requirements by DPs / RTAs / KRAs.

Revised SEBI compliance timeline for Trading /Clearing Members / DPs

July 29, 2020 627 Views 0 comment Print

In view of the prevailing situation due to Covid-19 pandemic and representations received from the Stock Exchanges, it has been decided to further extend the timelines for compliance with the regulatory requirements by the Trading Members / Clearing Members / Depository Participants (DPs). Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/DOP/CIR/P/2020/141 July 29, 2020 To, […]

SEBI extends time line for submission of financial results for quarter/half year/financial year ended 30th June 2020

July 29, 2020 1119 Views 0 comment Print

SEBI extends the timeline for submission of financial results under Regulation 33 of the LODR Regulations, for the quarter/half year/financial year ended 30th June 2020, to September 15, 2020.

411 transfer/postings of officers in the grade of ACIT/DCIT

July 29, 2020 6501 Views 0 comment Print

Office Order No. 133 of 2020- The following transfer/postings of the officers in the grade of Assistant/Deputy Commissioner of Income Tax in Investigation Directorate and the respective Central Charge, as mentioned against their names, are hereby ordered with immediate effect and until further orders:

PFRDA (Central Recordkeeping Agency) (Second Amendment) Regulations, 2020

July 29, 2020 486 Views 0 comment Print

These regulations may be called the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency) (Second Amendment) Regulations, 2020. . These shall come into force on the date of their publication in the official gazette.

Cestat referred issue of ST reverses charge on salary of seconded employee’s to Larger Bench

July 28, 2020 1512 Views 0 comment Print

M/s Canon India Pvt Ltd Vs Commissioner, Goods & Service Tax (CESTAT Chandigarh) The issue involved in the present case is in respect of levy of service tax on the amounts paid as salary to expats under the taxable category of Manpower Supply Services. With effect from 01.07.2012, the law as introduced by the way […]

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