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Instructions for filling out Form ITR-7 for A.Y. 2022-23

September 13, 2022 47670 Views 2 comments Print

These instructions are guidelines for filling the particulars in Income-tax Return Form-7 for the Assessment Year 2022-23 relating to the Financial Year 2021-22.

Limitation countable From Date of Certified Copy Preparation, Not Delivery

September 13, 2022 1197 Views 0 comment Print

Limitation is to be counted not from the date of delivery of the certified copy but from the date of preparation of certified copy: NCLAT

Aggrieved person who initiates lis has a right to withdraw the same before it is finally decided

September 13, 2022 2568 Views 0 comment Print

It is trite law that whenever a litigant invokes a particular remedy available under a Statute, then the authority before whom the lis is preferred and pending, is ordinarily duty bound to decide the same on merits.

Forming an opinion that enquiry is required to be held is mandatory: HC

September 13, 2022 2499 Views 0 comment Print

Sunita Agarwal Vs Securities And Exchange Board of India (Gauhati High Court) Rule 4(3) of Securities and Exchange Board of India (Procedure for holding enquiry and imposing penalties) Rules, 1995  i.e. PR-1995 inter-alia provides that if after considering the cause shown pursuant to the notice under Sub-Rule 1, the adjudicating officer is of the opinion […]

Provisions for treatment of un-utilized quantities allocated under TRQ for import of crude soya bean & crude sun flower oil

September 12, 2022 1428 Views 0 comment Print

Provisions for treatment of un-utilized quantities allocated under TRQ for import of crude soya bean and crude sun flower oil have been elaborated. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi Public Notice No. 24/2015-20-DGFT | Dated: 12th September, 2022 Subject : Inclusion of changes made in provisions […]

Repeated Arrest of GST Officials by Local Police: Commissioner writes to Chief Secretary

September 12, 2022 4257 Views 0 comment Print

Government of India Ministry of Finance Department of Revenue Office of the Chief Commissioner, Goods and Services Tax & Customs, Guwahati Zone. GST Bhawan, 5th Floor, Kedar Road, Guwahati-781001 Tel.Nos.0361-273599912972002 Email: ccshillo@.nic.in V. Rama Mathew, IRS Pr. Chief Commissioner D.O.C. No. GCCO/VIG/MISC/192/2022-4092 Dated: 06/09/2022 Dear Dr. Rajesh Kumar With deep anguish, I would like to […]

Withdrawal functionality of 15CB forms at e-filing portal

September 12, 2022 39939 Views 0 comment Print

A large extent of pendency for updation of 15 CB forms at e-filing portal may be attributed to non-availability of any options for their withdrawal from portal

RP is to ensure that fees payable to him are reasonable: IBBI

September 12, 2022 3291 Views 0 comment Print

It is important to note that the Code does not have any mention about the possibility of awarding success fee to the resolution professional. May be the renumerations during the process are considered as enough for attracting due services on behalf of the resolution professional.

Amendment in Export Policy of broken rice against ITC (HS) Code 1006 4000

September 12, 2022 1857 Views 0 comment Print

Following consignments of broken rice will be allowed to be exported: i. where loading of broken rice on the ship has commenced before this Notification,

Guidelines for implementation of IFSCA (FinTech Incentive) Scheme, 2022

September 12, 2022 1551 Views 0 comment Print

IFSCA Issues Guidelines and Application Form for IFSCA FinTech Incentive Scheme, 2022 The International Financial Services Centres Authority (Authority or IFSCA), with an overall objective to promote the establishment of a world-class FinTech Hub, at GIFT International Financial Services Centre (IFSC) in India, launched the IFSCA (FinTech Incentive) Scheme for providing financial support to FinTech […]

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