MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 1st July, 2022 Notification No. 15/2015-2020 Subject: Extension in deadlines for submission of applications under MEIS for exports made in the 4 months period, Sept 2020 to Dec 2020 S.O. 2988(E).—In exercise of the powers conferred by Section 5 of the Foreign Trade […]
Guardian Nutrition & Health Supplements Pvt. Limited Vs ACIT (ITAT Delhi) Brief facts of the case are that assessee is engaged in the business of rental trading of pharmaceutical products. In the present case, Assessing Officer (AO) made proportionate disallowance of interest on ad hoc basis after noting that assessee had both interest bearing funds […]
Gurukrupa Developers Vs DCIT (ITAT Ahmedabad) The learned AR before us inter-alia submitted that the books and other supporting documents of the assessee were impounded by the search team. Therefore, the assessee could not maintain proper books of accounts due to the reason beyond its control. When proper books of account were not available, the […]
ITAT held that transaction of receipt of donation is a sham, a make believe story, a device adopted by appellant society to bring on record undisclosed income
Explore the CESTAT Bangalore order on Manav Marketing Pvt. Ltd. service tax issue. Analysis of machine commissioning charges, office expenses, and commission. Full text included.
Petitioner states that impugned order and consequential notices of demand and penalty raising a demand of income tax amounting to Rs. 48 crores are in complete contravention of the order passed by NCLT
Regulatory framework for Angel Funds to facilitate investments in start-ups The International Financial Services Centres Authority (IFSCA), in furtherance of its mandate to develop and regulate financial products, financial services and financial institutions in the International Financial Services Centres (IFSC), had notified the IFSCA (Fund Management) Regulations, 2022 in April 2022 enabling the regulatory framework […]
Existing eBRC module is now being upgraded to a new IT platform and it is proposed to discontinue earlier version (http://dgftebrc.nic.in/) from end of July 2022.
Aadhaar authentication services, on voluntary basis to establish identity of the candidates appearing in Computer Based Test before examination or during course of Examination conducted by the Railway Recruitment Control Board through twenty-one Railway Recruitment Boards.
Re-imports of jewellery exported using the courier mode on ECCS through an e- commerce platform and returned through the same platform, on ECCS, is being enabled in certain situations subject to certain conditions or restrictions
