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Ayush Ministry strongly denies baseless claim by NICE on COVID-19 treatment protocol

July 29, 2021 405 Views 0 comment Print

Some misleading claims have been made by a naturopathy related network NICE (Network of Influenza Care Experts)and have been published by some media platforms without journalistic verification. The main claim is regarding developing a protocol of treatment of COVID-19 that has been approved by the Ministry of Ayush. The claimant has unethically and misleadingly attributed […]

Startups and Small Companies Shutdown during Covid

July 29, 2021 384 Views 0 comment Print

The COVID-19 epidemic has temporarily affected various sectors including Micro, Small and Medium Enterprises in the country. Economic activity contracted due to the strict lockdown measures imposed by the Government. This contraction has also had impact on the MSME sector. Studies have been conducted by National Small Industries Corporation (NSIC) and Khadi and Village Industries […]

No section 56(2)(vi) addition for Gift received from brother-in-law

July 29, 2021 1800 Views 0 comment Print

Y. C. Kallinatha Vs ACIT (ITAT Bangalore) The assessee had received a gift of Rs.22.50 lakh from Shri T.C.Shivakumar, who is brother-in- law of the assessee. The assessee had considered the transaction not coming within the purview of section 56(2)(vi) of the I.T.Act since gift was received from a relative covered under the definition of […]

Monetary Penalties to be imposed by an Insolvency Professional Agency

July 28, 2021 882 Views 0 comment Print

The Disciplinary Committee of an Insolvency Professional Agency (IPA) may impose monetary penalty on its professional members under Clause 24(2)(d) of the Schedule to the IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016.

Additional charge arrangement in the grade of PCIT/PDIT

July 28, 2021 2109 Views 0 comment Print

Office Order No. 186 of 2021 The following additional charge arrangements in the grade of PCIT/PDIT are ordered with immediate effect as mentioned against their names and until further orders:

MahaRERA: Builders to submit Report from CERSAI

July 28, 2021 26007 Views 0 comment Print

MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY Date :28/07/2021 Order No: – 19 /2021 No. MahaRERA / Secy / File No.27 / 149 /2021 Subject: Report from CERSAI Whereas Ministry of Finance notified the establishment of the Central Registry Securitisation Asset Reconstruction and Security Interest of India (CERSAI), a Government Company, incorporated for the purpose of operating […]

MahaRERA to implement Financial Quarter Based Project Progress Reporting System

July 28, 2021 6861 Views 0 comment Print

MahaRERA shall implement Financial Quarter Based Project Progress Reporting System for all MahaRERA registered real estate projects. Promoters shall file Quarterly Progress Reports (QPR) as per Financial Quarters within 7 days of the Quarter End ( Due Dates will be every 7th day of July, October, January and April respectively).

LLP not required to pay service tax under reverse charge mechanism

July 28, 2021 3702 Views 0 comment Print

SRL Advisors LLP Vs Commissioner of Central Tax Delhi (CESTAT Delhi) Rule 2(bc) of Service Tax Rules, refers to the meaning of ‘body corporate’ in Section 2(7) of the Companies Act, wherein any other body corporate which includes a LLP is specifically excluded from the definition of body corporate. Thus I hold that the appellant […]

Corrigendum to Notification No. 23/2021-Customs (N.T.) dated 18.02.2021

July 27, 2021 780 Views 0 comment Print

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) CORRIGENDUM New Delhi, the 27th July, 2021 S.O. 2974(E).—In the Notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 23/2021-Customs (N.T.) dated the 18th of February, 2021, published in the Gazette of India, Extraordinary, Part II, […]

Delhi Authority for Advance Ruling reconstituted

July 27, 2021 2280 Views 0 comment Print

Governor of Delhi under Delhi Goods and Services Tax Act, 2017, is pleased to reconstitute the Delhi Authority for Advance Ruling, with Abhishek Chandra Gupta and Franklin Laltinkhuma (IAS).

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