Central Government notifies new FORM CSR-2- Report on Corporate Social Responsibility (CSR) and notifies rules 12(1B) and provided that Every company covered under the provisions of sub-section (1) to section 135 shall furnish a report on Corporate Social Responsibility in Form CSR-2 to the Registrar for the preceding financial year (2020-2021) and onwards as an […]
Central Government notifies applicability of sections 1 to 29 of Limited Liability Partnership (Amendment) Act, 2021 from 01st day of April, 2022. LLP amendment Act, 2021 which was notified on 13th August, 2021 have 29 Sections all these section are been made applicable from 01st April 2022. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the […]
Central Government notifies Appointment of Registrar of Companies (ROCs) as Adjudication officers under Limited Liability Partnership Act, 2008 (LLP Act 2008). MINISTRY OF CORPORATE AFFAIRS ORDER New Delhi, the 11th February, 2022 S.O. 622(E).—In exercise of the powers conferred by section 76A of the Limited Liability Partnership Act, 2008(6 of 2009), the Central Government hereby […]
Shri Ravi Mital took charge as Chairperson of Insolvency and Bankruptcy Board of India in New Delhi today. A 1986 batch Indian Administrative Service (IAS) officer of Bihar cadre, Shri Ravi Mital holds degrees of B.E. in Mechanical Engineering and M.Phil. in Environmental Science.
Polu Venkata Lakshmamma Vs The State of Andhra Pradesh (Andhra Pradesh High Court) Once there is a failure of rules of natural justice, even if there is an alternative remedy, a writ is maintainable. The law is well settled. Hence, the impugned order, dated 22.12.2020 as communicated by the endorsement dated 14.12.2021 is hereby set […]
Lahari Laminates Pvt. Ltd. Vs DCIT (ITAT Raipur) With reference to the first issue i.e. incorrect allowance of depreciation of Rs.59,45,940/- on bogus purchase of Plant & Machinery, the learned counsel for the assessee fairy submitted that where the A.O. has made disallowance on Plant & Machinery, it was permissible for the A.O. to disallow […]
Smt. Preeti Rathi Vs ITO (ITAT Pune) The first issue raised herein is against not allowing deduction towards brokerage of Rs.80,000/- paid by the assessee at the time of purchase of the property in the computation of capital gain towards. The claim of the assessee is that she paid a sum of Rs.80,000/- as brokerage […]
Maheshwari Woods Pvt. Ltd. Vs DCIT (ITAT Bangalore) Amended provisions of section 43B as well as 36(1)(va) of the I.T.Act are not applicable for the assessment years under consideration as these are applicable from assessment year 2021-2022. By following the binding decision of the Hon’ble jurisdictional High Court in the case of Essae Teraoka Pvt. […]
In the instant case, there is no relation whatsoever between the interest expenditure from a mortgaged loan and the payment received for rendering certain services. Advancing interest free loans to the employer company cannot be a ground for claiming deduction of interest expenditure from the salary income received from it.
The procedure for allocation of quota for import of (i) Calcined Pet Coke for use in Aluminum Industry; and (ii) Raw Pet Coke for CPC manufacturing industry for the year 2022-2023 is notified. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade New Delhi, Dated: 10th February, 2022 […]
