Ogene Systems India Limited Vs ITO (ITAT Hyderabad) Impugned encashment of bank guarantee is outcome of failure to perform its contractual obligation only without involving any offence or penal component u/s.37(1) of the Act. we find that a catena of case law holds that such an encashment of bank guarantee is incurred in the normal […]
SEBI notifies Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2021 with effect from 5th May, 2021
SEBI notifies Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2021 wef May 5, 2021.
CBDT notifies ‘Dagenham Investment Pte. Ltd.’ as sovereign wealth fund under sub-clause (vi) of clause (b) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 vide Notification No. 53/2021 -Income Tax Dated: 5th May 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification […]
Part A of this circular pertains to requirements specific to resolution of advances to individuals and small businesses and Part B pertains to working capital support for: (i) individuals who have availed of loans for business purposes, and (ii) small businesses, where resolution plans were implemented previously. Part C lists the disclosure requirements for the lending institutions with respect to the resolution plans implemented under this window.
Dr Sanjay Chaturvedi, LLB, PhD. COVID-19 has brought many questions on Force Majeure. Genuine cases where the performance is not possible because huge migration of construction labour in the country does exist. The government lifted Lockdown rules on 8th April 2020 and issued a SOP for construction workers. The SOP was for their accommodation and food, social […]
We are of the view that since the respondent has gone this far, it could move further, and extend the exemption, to even individuals, to enable them to obtain imported oxygen concentrators by way of a gift, albeit, without having to pay IGST.
Compilation of Informal Guidance sought by the Market Participants under SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations) for the period October 14, 2015- March 31, 2021 COMPILATION OF INFORMAL GUIDANCE – SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 2015 (Period October 2015 – March 2021) PREFACE 1. Securities and Exchange Board of India (SEBI) […]
Certificate for AD hoc Exemption No. 04/2021-Customs valid ON 30.06.2021 from IGST on imports of certain COVID-19 relief material authorized by State Governments subject to specified conditions
Income from cloud hosting services is erroneously held as royalty within the meaning of explanation 2 to section 9(l)(vi) of the Income Tax Act, 1961 (the Act) as well as Article 12(3)(b) of the India – US tax treaty
