PCIT Vs Dr. Ranjan Pai (Karnataka High Court) The issue which arises for consideration in this appeal is ‘as to whether the fair market value of bonus shares computed as per Rule 11U and Rule 11U A of the Income Tax Rules can be considered as income from other sources as per Section 56(2)(vii) of […]
7th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall. A total amount of Rs.42,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs.1,06,830 granted to the States.
Kronos Solutions India Pvt. Ltd. Vs Commissioner of CGST (Appeals) (CESTAT Allahabad) Appellant had taken a categorical stand that the debit was made on 05.03.2014, i.e. prior to filing of the refund claim. The Revenue is not disputing the said debit entry but is adopting a hyper technical view that such debit entry was reflected […]
AGS Cinemas Pvt. Ltd Vs Commercial Tax Officer (Madras High Court) Hon;b;e High Court held that ‘online booking charges’ charged by a Cinema Hall Owner besides the “cost of ticket” for entry into the cinema hall and enjoy the entertainment in the form of a movie, is not part of taxable receipt by the Cinema […]
In the present matter it is observed that, Mr. Gulati had provided his consent to accept the assignment in Form-2 on 05.02.2019, prior to the amendment made to IP Regulations, vide notification dated 23.07.2019, for acceptance of assignment in matter CIRP of Ardee City Estate Management Private Limited before 31.12.2019 and the date of commencement […]
Notification No. 67/2020-Customs (N.T./CAA/DRI) Dated: 14.12.2020- Appointment of Common Adjudicating Authority Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 67/2020-Customs (N.T./CAA/DRI) New Delhi, dated the 14.12.2020 S.O. 4565(E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), […]
Notification No. 66/2020-Customs (N.T./CAA/DRI) Dated: 14.12.2020- Appointment of Common Adjudicating Authority Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 66/2020-Customs (N.T./CAA/DRI) New Delhi, dated the 14.12.2020 S.O. 4564(E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), […]
Applications in prescribed format are invited from reputed individuals/ firms for empanelment as stock auditors (Maximum 10 auditors) with our branches under Surat Zone. Prescribed form, eligibility criteria and code of conduct of stock auditors are enclosed.
The special Judge for CBI Cases, Bangalore has sentenced Shri Srinivas Prasad then Superintendent of Customs to undergo four years simple Imprisonment with fine of Rs.30,000/- and Shri Lourdu Prabhu then Hawaldar to undergo four years simple imprisonment with fine of Rs.15,000/- in a bribery case.
The appointment of DHS as the statutory auditor of IL&FS Financial Services Ltd. (IFIN) for the year 2017-18 was illegal, since DHS was not eligible to be appointed as such auditor due to violation of Sec 141(3)(e) (subsisting business relationships on the date of appointment) and Sec 141(3)(i) (provision of non-audit services directly or indirectly) of the Companies Act, 2013.
