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National Commission for Indian System of Medicine Act, 2020

September 20, 2020 1833 Views 1 comment Print

National Commission for Indian System of Medicine Act, 2020 is An Act to provide for a medical education system that improves access to quality and affordable medical education, ensures availability of adequate and high quality medical professionals of Indian System of Medicine in all parts of the country

Details of reasons for revenue shortfall in GST

September 20, 2020 3507 Views 0 comment Print

(a) the details of reasons for revenue shortfall in the Goods and Services Tax (GST); (b) the details of options available to the States like Tamil Nadu to meet the revenue shortfall in GST collections and the objections from the States for the options;

Additions towards undisclosed purchases/ expense etc. goes against spirit of section 44AD

September 19, 2020 7653 Views 1 comment Print

Shri Thomas Eapen Vs ITO (ITAT Cochin) The assessee offered income u/s. 44AD, the assessee being a small trader in medicine. There is no dispute that the assessee falls under the provision of sec. 44AD since the turnover of the assessee is less than Rs. 1 crore from eligible business. The Assessing Officer also accepted […]

Extension of Time to submit comments on Formats for Business Responsibility & Sustainability Reporting

September 19, 2020 441 Views 1 comment Print

SEBI had placed the formats for Business Responsibility and Sustainability Reporting, for public consultation on its website on August 18, 2020, seeking comments by September 18, 2020. In view of the impact of the CoVID-19 pandemic, it has been decided to extend the timelines for seeking public comments to October 18, 2020. The comments may […]

Implementation of CAROTAR, 2020 WEF 21.09.2020

September 18, 2020 1239 Views 0 comment Print

The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020), notified on 21st August, 2020, shall come into force from 21st September, 2020 upon completion of the 30 day period that was given to importers and other stakeholders to familiarize themselves with new provisions.

Safety Glass (Quality Control) Second Amendment Order, 2020

September 18, 2020 774 Views 0 comment Print

(1) This Order may be called the Safety Glass (Quality Control) Second Amendment Order, 2020. (2) It shall come into force on the date of its publication in the Official Gazette.

Extension of time for sharing information by listed companies relating to System driven disclosures

September 18, 2020 1884 Views 0 comment Print

SEBI has informed the Exchange that it has been decided to extend the time till September 30, 2020 for sharing the information with designated depository.

Uninterrupted supply of Medical Oxygen in country- Reg.

September 18, 2020 300 Views 0 comment Print

As you are aware, availability of adequate and uninterrupted supply of Medical Oxygen is an important pre-requisite for managing moderate 86 severe cases of COVID-19. With increasing number of active cases of COVID-19, the consumption of oxygen is also expected to increase.

Appointment by RP of unregistered valuer violates IBC, 2016

September 18, 2020 636 Views 0 comment Print

DC finds that Mr. Dinesh Sood, the RP, has appointed M/s Crest Capital Group Pvt. Ltd., a company which was not a registered valuer, as a valuer for valuation of assets of three CDs, namely M/s BRYS International Pvt. Ltd., Neo Infrastructure Pvt. Ltd. and Ujala Pumps Pvt. Ltd. This conduct of Mr. Sood is in contravention of the following provisions of the Code and Regulations: –

Income Tax Department carries out searches in Jammu & Kashmir

September 17, 2020 750 Views 0 comment Print

The Income Tax Department carried out a search and seizure operation on a prominent Hotelier, owning a chain of Hotels at  Srinagar, Gulmarg, Sonamarg and Pahalgam with another hotel under construction at Leh.

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