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Muslim Women (Protection of Rights on Marriage) Ordinance, 2018

September 19, 2018 3087 Views 0 comment Print

An Ordiance to protect the right of married Muslim women and to prohibit divorce by pronouncing talaq by their husband and for matters Connected therewith or incidential thereto;

No Penalty U/s. 271(1)(c) for Bonafide Mistake committed by CA

September 19, 2018 10281 Views 0 comment Print

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that no penalty can be initiated against the assessee under section 271(1)(c) of the Income Tax Act, 1961 for a bonafide mistake committed on the part of the Chartered Accountant.

Amendment to SEBI (Credit Rating Agencies) Regulations, 1999 & Circular

September 19, 2018 567 Views 0 comment Print

Cases of requests by an issuer for review of the rating(s) provided to its instrument(s) shall be reviewed by a rating committee of the CRA that shall consist of majority of members that are different from those in the Rating Committee of the CRA that assigned the earlier rating, and at least one-third of members are independent.

RBI liberalises ECB policy on Rupee denominated bonds

September 19, 2018 852 Views 0 comment Print

It has been decided, in consultation with the Government of India, to liberalise some aspects of the ECB policy including policy on Rupee denominated bonds as indicated below:

Customs Rate of Exchange of Foreign Currency Conversion wef 20.09.2018

September 19, 2018 396 Views 0 comment Print

Customs Rate of Exchange of Foreign Currency Conversion wef 20.09.2018 notified vide Notification No. 80/2018 – Customs (N.T.) dated 19th September, 2018.

Reopening on Sanction of CIT instead of Additional CIT is void

September 19, 2018 810 Views 0 comment Print

CIT Vs Aquatic Remedies Pvt. Ltd (Bombay High Court) It is undisputed position before us that in terms of Section 151(2) of the Act, the sanctioning/ permission to issue notice under Section 148 of the Act has to be issued by the Additional Commissioner of Income Tax. We find that the Assessing Officer had not […]

GST on medicines & surgical items supplied through pharmacy by a hospital

September 19, 2018 6993 Views 3 comments Print

In re M/s. Ernakulam Medical Centre Pvt. Ltd. (GST AAR Kerala) i) Supply of medicines and allied items provided by a hospital through pharmacy to in-patients is part of composite supply of health care treatment and hence not separately taxable. ii) Supply of medicines and allied items provided by hospital through pharmacy to out-patients is […]

E-Way bill exemption on Movement of Goods w.e.f. 01.10.2018 in Gujarat

September 19, 2018 65475 Views 0 comment Print

No E-Way Bill is required to be generated for Intra-city movement movement of all goods of any value in Gujarat wef 01.10.2018. Further No E-Way Bill is required to be generated for Intra-state movement of Hank, Yarn, Fabric and Garments of any value transported for the purpose of job work wef 01.10.2018.

MVAT: Apply for refund of security Deposit upto 31.03.2019

September 19, 2018 18531 Views 1 comment Print

Notwithstanding anything contained in sub-rule (2) and clause (c) of sub-rule (3), where rupees 25,000 deposited as security deposit under the proviso to sub-section (2) of section 16 has not been refunded, then in such case the application for refund may be made on or before 31st March 2019 and the provisions of clause(a) and clause (b) of sub-rule (3) shall be applicable for such cases.

Amendment to SEBI (Credit Rating Agencies) Regulations, 1999

September 19, 2018 735 Views 0 comment Print

Amendment to SEBI (Credit Rating Agencies) Regulations, 1999 and modification to SEBI Circular dated May 30, 2018. A. Securities and Exchange Board of India (Credit Rating Agencies) (Second Amendment) Regulations, 2018

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