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Cancellation of exemption of June 2019 Session of CS Foundation Exam

February 22, 2021 345 Views 0 comment Print

ATTENTION FOUNDATION STUDENTS!! Cancellation of exemption granted on the basis of 60% or more marks in June 2019 Session of Foundation Examination Students of foundation stage who have been granted exemptions based on attaining 60% or more marks in June 2019 are hereby informed that the said exemptions stands cancelled with immediate effect as the […]

HC directs refund of excessive stamp duty & 12% interest in case of delay

February 22, 2021 3528 Views 1 comment Print

Macrotech Developers Ltd. Vs State of Maharashtra (Bombay High Court) a. It is declared that the Petitioners are entitled to the benefits of Order bearing No. Mudrank-2020/ C.R.No.136/ M-1(Policy) dated 29.08.2020 issued by the State of Maharashtra under the Maharashtra Stamp Act and subsequent orders granting concession in payment of stamp duty on the instrument […]

SOP for Vehicle Location Tracking, registration & activation in VAHAN

February 22, 2021 4086 Views 0 comment Print

The undersigned is directed to state that the Ministry of Road Transport and Highways, GOI has earlier issued the Guidelines for the Scheme, namely “Deployment and Management of State wise Vehicle Tracking Platform for Safety a Enforcement as per AIS 140 Specifications in States Et Union Territories under Nirbhaya Framework” dated 15th January, 2020.

HC removes matter from Board for Non-Wearing of mask by Lawyer

February 22, 2021 1065 Views 0 comment Print

Kondiba Shankar Nikam Vs Balasaheb Kisan Bhosale (Bombay High Court) In this case Learned counsel for the appellant has removed the mask despite guidelines. Standard Operating Procedure (SOP) for resumption of physical hearing at the Principal Seat, High Court of Bombay w.e.f. 11th January, 2021 contemplates Wearing of mask at all times, even during arguments […]

Minutes of Monetary Policy Committee Meeting February 3-5, 2021

February 22, 2021 1224 Views 0 comment Print

Reserve Bank of India Date : Feb 22, 2021 Minutes of the Monetary Policy Committee Meeting February 3-5, 2021 [Under Section 45ZL of the Reserve Bank of India Act, 1934] The twenty seventh meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from […]

In absence of taxable supply liaison office not required to register under GST

February 22, 2021 2118 Views 0 comment Print

In re Fraunhofer-Gesellschaft ZurForderung der angewandten Forschung (GST AAAR Karnataka) Since the parent company in Germany and the Appellant in India cannot be treated as separate persons but as one legal entity, the liaison activity performed by the Appellant for the parent company is in the nature of a service rendered to self A service […]

GST compensation shortfall released to States reaches Rs. 1 lakh crore

February 20, 2021 363 Views 0 comment Print

Govt released the 17th weekly instalment of Rs.5,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 4,730.41 crore has been released to 23 States and an amount of Rs. 269.59 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry) who are members of the GST Council.

Schedule of ICAI Chartered Accountant Exam – May 2021

February 19, 2021 5205 Views 0 comment Print

ICAI announces Schedule of Chartered Accountant Examination – May 2021 for Chartered Accountants Intermediate (IPC) {Under Old Scheme}, Intermediate {Under New Scheme} and Final {Under Old & New Scheme} Examinations. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA Examination Department The Institute of Chartered Accountants of India 19th February, 2021 IMPORTANT ANNOUNCEMENT No. 13-CA (EXAM)/M/2021: In […]

No Change of Opinion if facts related to deemed consideration U/s. 50C been overlooked

February 19, 2021 981 Views 0 comment Print

Rakesh Ambalal Patel Vs ITO (ITAT Ahmedabad) We have perused the assessment order and the order of the CIT(A) as well as the materials placed on record and referred to in terms of Rule 18(6) of the Income Tax (Appellate Tribunal) Rules, 1963. On perusal, we observe that at the time of original assessment proceedings, […]

CAIT demands investigation of Cloudtail & Appario Retail working on Amazon marketplace

February 19, 2021 1629 Views 0 comment Print

Confederation of All India Traders (CAIT) has written a letter to Shri Piyush Goyal, Hon’ble Minister for Commerce and Request for point wise investigation against Cloudtail India Limited (Company of  Mr Narayan Murthy ) and Appario Retail (P) Limited which are joint ventures with Amazon India Limited. CAIT also accused some Banks of helping Amazon […]

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