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Monthly Pension Adaalat reg

March 2, 2021 855 Views 0 comment Print

Pensioners/members of EPS 1995 need exclusive platform for closer interaction with EPFO officers for understanding the provisions of EPS 1995 and getting their grievance resolved. Therefore, it is hereby directed that each RO should hold ‘Pension Adaalat’ in the first fortnight of every month for the pensioners and the members of the EPS 1995 who are going to become pensioner in near future (preferably in next 03 months).

SC directs release of Interim Resolution Professional of Jaypee Infratech

March 2, 2021 1428 Views 0 comment Print

It is seen that the police official dealing with the case is not familiar with the provision of privilege of interim resolution appointed by the Court, in terms of Section 233 of the Insolvency and Bankruptcy Code.

Representation on Clause 12 of ‘Tribunals Reforms (Rationalisation & Conditions of Service) Bill, 2021’

March 2, 2021 1050 Views 0 comment Print

We are making this representation with regard to one of the proposal contained in Clause 12 of The Tribunals Reforms (Rationalisation and Conditions of Service) Bill, 2021 by which the following proviso is being introduced in section 184 of Finance Act, 2017:

GST compensation shortfall released to States reaches Rs. 1.04 Lakh crore

March 2, 2021 624 Views 0 comment Print

GST compensation shortfall released to States reaches Rs. 1.04 Lakh crore. 18th Instalment of Rs. 4,000 crore released to the States on Monday, 1st March, 2021. 94 percent of the estimated shortfall released

CSR expenses by Govt Companies under Govt directions allowable

March 2, 2021 864 Views 0 comment Print

RITES Limited Vs Addl. CIT (ITAT Delhi) Perusal of the assessment orders goes to prove that AO has mechanically disallowed the claim of expenditure made by the assessee company towards Corporate Social Responsibility (CSR) and sustainable development without analyzing the fact that assessee company being a Government undertaking is required to incur such expenses as […]

No addition for share issued at Premium based on prescribed methodology

March 1, 2021 3120 Views 0 comment Print

PCIT Vs Cinestaan Entertainment Pvt Ltd (Delhi High Court) The law requires determination of fair market values as per prescribed methodology. The Appellant-Revenue had the option to conduct its own valuation and determine FMV on the basis of either the DCF or NAV Method. The Respondent-Assessee being a start-up company adopted DCF method to value […]

Code on Wages (Central Advisory Board) Rules, 2021

March 1, 2021 5451 Views 0 comment Print

(1) These rules may be called the Code on Wages (Central Advisory Board) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

Master Circular on Surveillance of Securities Market

March 1, 2021 1134 Views 0 comment Print

In order to moderate sharp and destabilizing price movements in shares of companies, to encourage better price discovery and to increase transparency in securities market, SEBI in consultation with Stock Exchanges has decided to adopt following measures:-

Tribunal cannot rectify its order for different view by other tribunal in similar case

March 1, 2021 1854 Views 0 comment Print

P.T. Manuel And Sons Vs CIT (Kerala High Court) We are of the view that the reasoning of the Tribunal is erroneous. A decision taken subsequently in another case is not part of the record of the case. A subsequent decision, subsequent change of law, and/or subsequent wisdom dawned upon the Tribunal, are not matters […]

Extradition Treaty between India & Afghanistan

March 1, 2021 1404 Views 0 comment Print

The Government of the Republic of India and the Government of the Islamic Republic of Afghanistan; hereinafter referred to as contracting states; Desiring to make more effective the cooperation of the two countries in the suppression of crime by making further provision for the reciprocal extradition of offenders;

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