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ITAT restores appeal dismissed for want of prosecution despite 678 delays as same was due to Income Tax Practitioner’s Failure

April 21, 2022 2313 Views 0 comment Print

Smt. Manjulaben C. Tomar Vs ITO (ITAT Ahmedabad) The present application filed by the assessee seeks restoration of the appeal filed by the assessee in ITA No.956/Ahd/2012, pertaining to A.Y 2006-07 which was dismissed for want of prosecution vide order dated 27.03.2017. We have noted that the said appeal was disposed off without dealing with […]

RBI directs UCBs to not to create any honorary positions/titles at Board level

April 21, 2022 759 Views 0 comment Print

UCBs are directed not to create any honorary positions/titles at Board level or confer such titles that are non-statutory in nature and to eliminate any such existing position/titles within one year from date of this circular.

CBDT designates Special Court in Tamil Nadu under Black Money Act

April 21, 2022 738 Views 0 comment Print

Vide Notification No. 41/2022-Income Tax, Dated: 21.04.2022 CBDT designates Court in the State of Tamil Nadu as the Special Court for the purposes of section 280A(1) of  Income-tax Act, 1961 and section 84 of Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF […]

CBDT designates Special Court in Patna under Black Money Act

April 21, 2022 540 Views 0 comment Print

Vide Notification No. 40/2022-Income Tax, Dated: 21.04.2022 CBDT designates Court in the State of Patna as the Special Court for the purposes of section 280A(1) of  Income-tax Act, 1961 and section 84 of Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF […]

CBDT designates Special Court in Delhi under Black Money Act

April 21, 2022 1056 Views 0 comment Print

Vide Notification No. 39/2022-Income Tax, Dated: 21.04.2022 CBDT designates Court in the State of Delhi as the Special Court for the purposes of section 280A(1) of  Income-tax Act, 1961 and section 84 of Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF […]

CBDT designates Special Court in Rajasthan under Black Money Act

April 21, 2022 477 Views 0 comment Print

Vide Notification No. 38/2022-Income Tax, Dated: 21.04.2022 CBDT designates Court in the State of Rajasthan as the Special Court for the purposes of section 280A(1) of  Income-tax Act, 1961 and section 84 of Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF […]

Additional conditions for compulsory Income Tax return filing notified

April 21, 2022 18855 Views 0 comment Print

CBDT has notified vide Notification No. 37/2022-Income Tax, additional conditions under section 139(1) of Income Tax Act 1961 for compulsory return filing which  are as follows:- (i) if his total sales, turnover or gross receipts, as the case may be, in the business exceeds sixty lakh rupees during the previous year; or (ii) if his […]

Applications for allocation of TRQ under India-Mauritius CECPA for FY 2022-23

April 20, 2022 555 Views 0 comment Print

The online applications for allocation of Tariff Rate Quota (TRQ) under India-Mauritius CECPA for the current financial year 2022-23 will be considered by the DGFT on First Come, First Served basis, with no end date. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan Public Notice […]

India’s Non-basmati rice exports grow by 109% since 2013-14

April 20, 2022 705 Views 0 comment Print

India’s non-basmati rice exports witnessed an astounding growth of 109 % from USD 2925 million in FY 2013-14 to USD 6115 million in FY 2021-22.

SEBI signs MoU with Manitoba Securities Commission, Canada

April 20, 2022 666 Views 0 comment Print

SEBI and Manitoba Securities Commission (MSC) have entered into a bilateral Memorandum of Understanding (MoU) for mutual co-operation, exchange of information and technical assistance. MSC is SEBI’s counterpart in the province of Manitoba, Canada.

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