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IBBI Discussion Paper on Corporate Liquidation Process

November 3, 2019 1419 Views 0 comment Print

Discussion Paper on Corporate Liquidation Process discusses two issues relating to liquidation process under the Insolvency and Bankruptcy Code, 2016 (Code).

Sec. 68 Addition cannot be made for mere non-compliance of notice by shareholders

November 3, 2019 5793 Views 0 comment Print

AO required assessee-company to prove genuineness of share capital along with premium received by it. Assessee furnished various evidences in that regard. However, AO made addition under section 68 on the ground that in response to summons under section 131 shareholder companies had not appeared for personal deposition.

Govt notifies Revised territorial jurisdiction of Regional Authorities of DGFT

November 1, 2019 630 Views 0 comment Print

Revised territorial jurisdiction of Regional Authorities of DGFT is notified in Appendix 1A of Appendices and Aayat Niryat Forms in accordance with 0 & M Instruction No.7/2019 dated 05/09/2019 and 0 & M Instruction No.8/2019 dated 24/09/2019.

MahaRERA: Additional mandatory document along with application for registration of projects

November 1, 2019 2010 Views 0 comment Print

With effect from December 1, 2019 every promoter applying to MahaRERA for registration of their real estate project, shall have to mandatorily disclose their membership details with a MahaRERA registered SRO.

Delegation of powers for shifting of SEZ Unit from one SEZ to another within same Zone – reg

November 1, 2019 4470 Views 0 comment Print

I am directed to refer to the subject cited above and to convey herewith the approval of the Competent authority for delegation of powers to jurisdictional Development  Commissioners  for authorising the  proposals of shifting/relocation/transfer of SEZ Units from one SEZ to another SEZ within the same Zone.

Notification No. 80/2019-Customs (N.T.) Dated: 01st November 2019

November 1, 2019 1056 Views 0 comment Print

Appointment of Common Adjudicating Authority for the purpose of adjudication of SCNs issued to M/s Fujirebio India Pvt. Ltd, New Delhi vide Notification No. 80/2019-Customs (N.T.) Dated: 01st November 2019. Government of India Ministry of Finance (Department of Revenue) (The Central Board of Indirect Taxes and Customs) ****** Notification No. 80/2019-Customs (N.T.) New Delhi, the […]

Exemption of classes of claims under Section 64UM(10) of Insurance Act, 1938

November 1, 2019 2412 Views 0 comment Print

Whereas, in relation to the classes of claims mentioned in the Schedule hereto annexed, the Authority is satisfied that it is customary to entrust the work of survey or loss assessment to any person other than a licensed surveyor or loss assessor, or it is not practicable to make any survey or loss assessment.

Eligibility Criteria for availing of DPD Scheme by Importers– reg

October 31, 2019 876 Views 0 comment Print

To avail DPD facility, importers shall furnish an additional information in the Annexure-A (copy enclosed), wherein they shall mention one time default stacking code for their future import Consignments i.e. whether DPD-DPD or DPD-CFS, and if DPD-CFS, preferred CFS Name & Code.

President allows to withdraw funds from Consolidated Fund of UT of J&K to meet expenditure

October 31, 2019 378 Views 0 comment Print

Consequent upon the Proclamation issued on this, the 31st October, 2019, by me under section 73 of the Jammu and Kashmir Reorganisation Act, 2019 read with articles 239 and 239A of the Constitution and in pursuance of section 74 of the Jammu and Kashmir Reorganisation Act, 2019 and of all other powers enabling me in that behalf, I hereby authorise the expenditure out of the Consolidated Fund of the Union Territory of the Jammu and Kashmir pending the sanction of such expenditure by Parliament.

ITC eligible on purchase/fabrication of motor vehicle used for carrying cash & bullion

October 31, 2019 903 Views 0 comment Print

In re CMS Info Systems Ltd (GST AAAR Maharashtra) The Appellate Authority for Advance Ruling hold that Input Tax credit against the GST paid on purchase and fabrication of the motor vehicle used for carrying cash and bullion is available to the appellant. Read AAR Order : GST applicable on Supply of motor vehicles as […]

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