It is requested extend the timelines for annual filing of OPCs upto 31st December, 2020. This will ease the difficulties faced by the OPCs in the time of crisis.
INITIATION NOTIFICATION No. (CVD-08/2020) dated 25th September, 2020- Initiation of Countervailing Duty Investigation concerning imports of Copper Tubes and Pipes from Malaysia, Thailand and Vietnam
INITIATION NOTIFICATION Case No. (SSR) 17/2020 dated 25.09.2020- Initiation of sunset review investigation concerning imports of Glass Fibre and articles thereof from China PR
The concept of Positive Pay involves a process of reconfirming key details of large value cheques. Under this process, the issuer of the cheque submits electronically, through channels like SMS, mobile app, internet banking, ATM, etc., certain minimum details of that cheque (like date, name of the beneficiary / payee, amount, etc.) to the drawee bank, details of which are cross checked with the presented cheque by CTS. Any discrepancy is flagged by CTS to the drawee bank and presenting bank, who would take redressal measures.
OFFICE ORDER – 2 Subject: Setting up of RFAC under Faceless Appellate Scheme, 2020- reg- In pursuance of para 4 of S.O. 3296 (E) Notification No. 76/2020/F.No. 370142/33/2020-TPL, dated the 25th September, 2020 notifying the Faceless Appeal Scheme, 2020 and powers conferred under section 250 (6B) of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby sets up the Regional Faceless Appellate Centres (hereinafter referred to as the RFACs), which shall have their headquarters at the places mentioned at column (3) and shall comprise of the following Income-tax Authorities:
OFFICE ORDER – 1 Subject: Setting up of NFAC under “Faceless Appellate Scheme, 2020”- reg In pursuance of para 4 of S.O. 3296 Notification No 76/2020/F.No 370142/33/2020-TPL,dated the 25th September, 2020, notifying the Faceless Appeal Scheme, 2020 and powers conferred under section 250 (6B) of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby sets up the National Faceless Appellate Centre (hereinafter referred to as the NFAC), which shall have its headquarters at Delhi and shall comprise of the following Income-tax Authorities: –
Section 10A. Notwithstanding anything contained in sections 7, 9 and 10, no application for initiation of corporate insolvency resolution process of a corporate debtor shall be filed, for any default arising on or after 25th March, 2020 for a period of nine months or such further period, not exceeding one year from such date, as may be notified in this behalf:
Notification No. 91/2020-CUSTOMS (N.T.) dated 24th September, 2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 91/2020-CUSTOMS (N.T.) New Delhi, 24th September, 2020 2 Asvina, 1942 […]
Supertron Electronics Pvt. Ltd Vs DCIT (ITAT Kolkata) The admitted fact is that no notice u/s 143(2) of the Act was issued to the assessee for both the assessment years. Only a notice u/s 148 and Section 143(2)(1) of the Act was issued. Under these circumstances we have to hold that the assessment orders for […]
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