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HC stays section 148 notice issued without complying section 148A

August 2, 2021 3687 Views 0 comment Print

Bhagwati Prasad Jalan Vs  Union Of India And Ors. (Calcutta High Court) The learned Advocate for the respondents is not able to deny the allegations of the petitioners that Section 148A provisions of the Income Tax Act, 1961 was not complied with in this case before issuing notice under Section 148 of the said Act and […]

Anti-Dumping duty on Wire Rod of Alloy or Non-Alloy Steel extended

August 1, 2021 1059 Views 0 comment Print

Seeks to amend  notification no. 48/2017-Customs (ADD), dated the 9th October, 2017 to extend the levy of Anti-Dumping duty on ‘ Wire Rod of Alloy or Non-Alloy Steel ‘ originating in or exported from China PR up to and inclusive of 31st January, 2022 . MINISTRY OF FINANCE (Department of Revenue) Notification No. 42/2021-Customs (ADD) […]

HC confirms addition for share capital advance as Assessee failed to prove identity, credit worthiness & genuineness

August 1, 2021 873 Views 0 comment Print

PCIT Vs SRM Systems and Software P. Ltd. (Madras High Court) The assessee disclosed share capital advance to the tune of Rs.6,17,81,000/- and they were directed to furnish names and addresses of the persons, who contributed the advance share capital. The assessee, by reply dated 15.12.2010, stated that the advance towards share capital is Rs.5,65,96,723/- however, […]

Govt not maintain info of operational Cryptocurrency Exchanges in India

July 31, 2021 522 Views 0 comment Print

(a) the number of cryptocurrency exchanges operational in the country and the number of investors linked to the same; (b) whether it is a fact that narcotic drug traffickings and money laundering are being committed through many of the cryptocurrency exchanges;

Limited Liability Partnership (Amendment) Bill, 2021

July 30, 2021 2655 Views 0 comment Print

THE LIMITED LIABILITY PARTNERSHIP (AMENDMENT) BILL, 2021 is A BILL to amend the Limited Liability Partnership Act, 2008 and same was introduced in Rajya Sabha on 30/07/2021. Full text of the Limited Liability Partnership (Amendment) Bill, 2021 as introduced in Rajya Sabha is as follows:- AS INTRODUCED IN THE RAJYA SABHA [Bill No. XXXI of […]

Delhi Goods and Services Tax (Amendment) Act, 2021 

July 30, 2021 1827 Views 0 comment Print

This Act may be called the Delhi Goods and Services Tax (Amendment) Act, 2021. (ii) Section 6 of the Act shall be deemed to have come into force from 1st June, 2021; remaining provisions shall come into force on such date as the State Government may, by notification, in the Official Gazette, appoint; and the different dates may be appointed for different provisions of this Act.

SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2021

July 30, 2021 2760 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2021. They shall come into force on the date of their publication in the Official Gazette.

IRDAI withdraws Guidelines on Indian owned and controlled

July 30, 2021 1911 Views 0 comment Print

IRDAI hereby withdraws the Guidelines on Indian owned and controlled dated October 19, 2015 with immediate effect as definitions of Control, Indian Control of an Indian Insurance Company and Indian Ownership provided under Indian Insurance Companies (Foreign Investment) Rules, 2015 have been omitted

Sunset Review of Anti-Dumping Duty imposed on Imports of Phenol

July 30, 2021 1290 Views 0 comment Print

Case No. (SSR) 22/2020 Sunset Review (SSR) of Anti-Dumping Duty imposed on Imports of Phenol originating in or exported from European Union and Singapore.

GST on Supply of Branded sealed fruit bowl containing only cut fresh fruits without any preservatives or additives

July 30, 2021 3768 Views 0 comment Print

In re Juzi Fruits Private Limited (GST AAR Karnataka) 1. (a) (i) Supply of sealed fruit bowl containing only cut fresh fruits without addition of any preservatives or additives which are sold under brand name is covered under entry no.59 of Schedule I of Notification No.1/2017 -Central Tax (Rate) dated 28.06.2017 Vide HSN 1106 and […]

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