Securities and Exchange Board of India Circular No. SEBI/HO/DDHS/DDHS-RACPOD2/P/CIR/2022/ 113 | Dated: August 25, 2022 To All Credit Rating Agencies (CRAs) registered with SEBI Dear Sir/ Madam, Sub: Enhanced Disclosures by CRAs and Norms on Rating Withdrawal I. SEBI (Credit Rating Agencies) Regulations, 1999 (“CRA Regulations”) provide for a principle-based regulation of CRAs focusing inter alia on […]
Pension Fund Regulatory and Development Authority Circular no: PFRDA/2022/19/SUP-CRA/6 | Dated: Aug 25, 2022 To, All the NPS stakeholders Subject: Changes in process flow of e-Nomination for the benefit Government / Corporate Sector Subscribers PFRDA had introduced e – Nomination facility for the benefit of NPS Subscribers vide its communication dt. 03.09.2020. 2. The existing […]
Allocation of Region to 176 candidates selected to the post of Inspector of Income Tax in Central Board of Direct Taxes (CBDT)
Rochana Agarwal Vs ACIT (Allahabad High Court) The reason for issuing the notice under Section 148 of the Act is that during investigation, the Assessing Officer has gone through the income tax return and other related documents of the assessee and has found that the M/s KCGP Share Broking Service Pvt. Ltd. has been used […]
Traffic Police directed to ensure that all vehicle owners removed pressure horns from all private, official transports & auto rickshaws
Cowtown Software Design Pvt. Ltd. Vs DCIT (TDS) (ITAT Mumbai) It is not in dispute that assessee made payment to Ad agency i.e. Social Kinnect. We find from the perusal of the agreement with Social Kinnect and scope of services defined therein, Social Kinnect would engage various professional artists for preparation and execution of the […]
It is observed in the 22nd CoC meeting that, the CoC members requested Mr. Dinkar to conduct a fresh valuation to be able to evaluate the bids being received more accurately given that the existing valuation exercise reflects value of the Corporate Debtor as on CIRP initiation date i.e 24-Jul-17. The DC notes that the […]
Income Tax Department conducts searches in Gujarat The Income Tax Department carried out a search and seizure operation on 09.08.2022 on a business group primarily engaged in manufacturing and trading of ceramic tiles. The search action covered a total of 36 premises, spread across Rajkot, Morbi, Ahmedabad, Raipur, Guwahati, Gurgaon, and Kolkata. The search operation […]
High Court held that taxpayers cannot be asked to wait endlessly for the respondents to contest the order of the Commissioner (Appeals).
Dilipkumar Premji Chheda Vs ITO (Bombay High Court) 1. Issue notice. Mr. Ajeet Manwani, learned counsel waives service for the Respondents. Objections be filed in six weeks. 2. Learned counsel for Petitioner states that the impugned notice dated 7th April, 2021 issued under Section 148 of the Act is unsustainable in law and in as […]
