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HC Court set aside Statement in SVLDRS-3 issued without affording opportunity of hearing

March 18, 2021 1056 Views 0 comment Print

Chinar Shipping & Infrastructure (India) Pvt. Ltd. Vs Union of India (Bombay High Court) It could not be out of place to refer to a decision of Karnataka High Court in the case of Kiran Borewells Vs. Union of India wherein the impugned order was set aside finding that decision had been taken without providing […]

HC instructs GST search team to ensure privacy

March 17, 2021 1260 Views 0 comment Print

If, in the interregnum, investigation is necessitated, in line with the circular dated 05.10.2018, it shall be carried out only by the Gautam Budh Nagar Commissionerate. The search officers will ensure that there is no invasion of privacy.

Filling of fresh CA exam forms for May 2021 Exam Cycle is mandatory

March 17, 2021 777 Views 0 comment Print

Filling of fresh exam forms for May 2021 Exam Cycle is mandatory for Students appearing in May 2021 Exams including those who opted out of Nov 2020 Exam Cycle and had opted for May 2021 Exam Cycle. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) Examination Department The Institute […]

No section 40A(3) disallowance if AO not doubted genuineness of expenses

March 17, 2021 3000 Views 0 comment Print

Kedar Nath Sawhney Vs ACIT (ITAT Delhi) The assessee in terms of its contract is bound to deliver the goods within the stipulated time. In the course of such transportation, the assessee is bound to incur expenses for putting fuel in the vehicle, payment of toll gate charges, incurring of expenses for routine and exceptional […]

CBIC notifies New Jalpaiguri Railway Station LCS

March 17, 2021 990 Views 0 comment Print

Amendment to the Notification No. 63/1994-Customs (N.T) dated 21st November, 1994 by notifying New Jalpaiguri Railway Station LCS. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 30/2021- Customs (N.T.) New Delhi, the 17th March, 2021 26 Phalguna, 1942 (SAKA) S.O. (E). — In exercise of the powers conferred by clauses (b) and […]

324 companies filed for bankruptcy between 2018 to 2020

March 17, 2021 672 Views 0 comment Print

As per data provided by the National Company Law Tribunal (NCLT), 149 in the year 2018, 103 in the year 2019 and 72 in the year 2020 making a total of 324 companies which have filed for bankruptcy during the aforesaid three years period.

Notification No. 24/2021-Customs (N.T./CAA/DRI), Dated: 17.03.2021

March 17, 2021 1473 Views 0 comment Print

Notification No. 24/2021-Customs (N.T./CAA/DRI), Dated: 17.03.2021- Principal Director General, Revenue Intelligence, hereby appoints  common adjudicating authorities. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence) New Delhi, the 17th March, 2021 Notification No. 24/2021-Customs (N.T./CAA/DRI) S.O. 1458(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. […]

IFSC Authority takes decisions on various regulations, & fee structures

March 17, 2021 780 Views 0 comment Print

The market infrastructure institutions (MIIs) viz. stock exchanges, clearing corporations and depositories are of critical importance in the growth and stability of any financial system. The Authority at its meeting held on March 15, 2021 approved the MII Regulations.

ITAT treated same transaction in case of Co-Owners differently: HC remits back for reconsideration

March 17, 2021 1230 Views 0 comment Print

Bombay High Court ruling on joint land purchase, capital gains. Amjad Ahmedbhai Sheikh Vs ACIT case details. Read the full judgment.

82,072 assessment cases completed in faceless manner till 10.03.2021

March 16, 2021 870 Views 0 comment Print

82,072 assessment cases completed in faceless manner till 10th March 2021 Income tax assessments are being done in a faceless manner, this was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today. The Minister further stated that income […]

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