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Income from leasing of building with other amenities in industrial park is business income

May 26, 2021 867 Views 0 comment Print

Rao Computers Consultants Pvt. Ltd. Vs DCIT (Karnataka High Court) We have to find out in that context what was the intention of the parties in entering into the lease transaction. It is not the number of agreements, which are entered into between the parties which is decisive in determining the nature of transaction. What […]

Roasted/salted/roasted & salted Cashew nuts classifiable under HSN 2008.19.10

May 26, 2021 2235 Views 0 comment Print

Whether roasted and salted / salted / roasted preparations such as of Ground nuts, Cashew nut and other seeds are NAMKEENS and when sold without a brand name can they be classified under HSN 2106.90.99 and taxed under Entry 101A of Schedule 1 of Central Tax (Rate) Notification 1/2017?

CBIC relaxes rules for imported cylinders & pressure vessels to ease oxygen supply

May 25, 2021 723 Views 0 comment Print

In case the importer has applied through online application to PESO and the decision is pending in PESO, the exemption allows them to bring oxygen cylinders on urgency for COVID relief activities in India.

IFSCA: Constitution of an Expert Committee on Investment Funds

May 25, 2021 390 Views 0 comment Print

The International Financial Services Centres Authority (IFSCA) has been established as a unified regulator to develop and regulate financial products, financial services and financial institutions in the International Financial Service Centres (IFSCs) in India.

Cabinet approves MoUs by ICoAl & ICSI with Foreign Countries / Organisations

May 25, 2021 2478 Views 0 comment Print

Cabinet approves Memorandum of Understandings (MoUs) entered into by Institute of Cost Accountants of India (ICoAl) and Institute of Company Secretaries of India (ICSI) with Foreign Countries/Organisations

Red Phosphorus (Quality Control) Order, 2021

May 25, 2021 513 Views 0 comment Print

(1) This order may be called the Red Phosphorus (Quality Control) Order, 2021. (2) It shall come into force on the one hundred and eighty- first day from the date of its publication in the Official

Methylene Chloride (Dichloromethane) (Quality Control) Order, 2021

May 25, 2021 996 Views 0 comment Print

(1) This order may be called the Methylene Chloride (Dichloromethane) (Quality Control) Order, 2021. (2) It shall come into force on the one hundred and eighty- first day from the date of its publication in the Official Gazette.

3 (N, N Di-Ethyl) Aminophenol (Quality Control) Order, 2021

May 25, 2021 288 Views 0 comment Print

MINISTRY OF CHEMICALS AND FERTILIZERS (Department of Chemicals and Petrochemicals) ORDER New Delhi, the 25th May, 2021 S.O. 2031(E).—In exercise of the powers conferred by section 16 of the Bureau of Indian Standards Act, 2016 (11 of 2016) (hereinafter referred to as the said Act), the Central Government being of the opinion that it is […]

Notaries (Amendment) Rules, 2021

May 25, 2021 8142 Views 0 comment Print

a person with benchmark disability as defined in Clause (r) of Section 2 of the Rights of Persons with Disabilities Act, 2016 (49 of 2016), who has been practicing for at least seven years, as a legal practitioner.

SCN based on proposed incorrect classification of revenue not Sustainable

May 24, 2021 3243 Views 0 comment Print

Laesen & Toubro Limited Vs C.C.-Mundra (CESTAT Ahmedabad) In view of the settled law, irrespective whether the classification claimed by the appellant is correct or not since the classification proposed by the Revenue is absolutely incorrect, the entire case of the Revenue will not sustain. Therefore, we are not addressing the issue that whether the […]

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