Appointment of Common Adjudicating Authority (CAA) in case of in case of Sony India Private Limited by CBIC vide Notification No. 58/2020-Customs (N.T.) dated- 16th July, 2020. Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes and Customs) Notification No. 58/2020-Customs (N.T.) New Delhi, the 16th July, 2020 S.O.2353(E).—In exercise of […]
The issue which is arising in the present appeal is whether there is DAPE. The Assessing Officer has alleged the existence of DAPE on account of alleged marketing activities undertaken by Indian entity on behalf of the assessee company.
Order under section 138(1)(a) of the Income-tax Act, 1961 for sharing of Information between CBDT and FIU-IND for effective processing of Cash Transaction Reports F.No.225/349/2019/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 16th July,2020 Order under section 138(1)(a) of the Income-tax Act,1961 In exercise of […]
Government made certain amendments in All Industry Rates (AIRs) of Duty Drawback vide Notification No. 56/2020-Customs (N.T.) dated 13.07.2020. These changes are effective from 15.07.2020.
DGFT vide Notification No. 19/2015-20 dated 15.07.2020 has amended Import Policy and Policy Conditions of Power tillers and its components. They are now under the ‘Restricted’ category. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 19/2015-2020 New Delhi, Dated: 15th July, 2020 Subject: Amendment in […]
MCA issued Companies (Auditor’s Report) Order, 2020 (CARO 2020) on 25th February 2020. CARO 2020 would be applicable for audits of financial year 2020-21 and onwards. CARO 2020 contains several significant changes and several new reporting requirements vis-à-vis CARO 2016.
Insurance companies will provide a 5% discount in premium of Corona Kavach to doctors, nurses and other healthcare workers, in terms of the guidelines issued by IRDAI.
The Income Tax Department carried out search and survey operations on three groups on 13.07.2020. These operations are being carried out at 20 premises in Jaipur, 6 in Kota, 8 in Delhi and 9 in Mumbai.
CBDT hereby directs that Principal Director General of Income-tax (Systems), New Delhi shall be specified authority for furnishing information to Additional Secretary and Development Commissioner, Ministry of Micro Small and Medium Enterprises, Government of India notified vide Notification No.48/2020 dated 14.07.2020 under sub-cause(ii) of clause (a) of sub-section (I) of section 138 of the Act.
Considering the benefits ushered in by providing single point interface, CBIC has decided to extend TSKs to all the Customs formations. Accordingly, TSK is being set up in JNCH with effect from 15.07.2020. This step is being taken in advance of the pan-India rollout of Faceless Assessment, which would be done in phases to be announced soon.
