Notification No. 70/2020-Customs (N.T./CAA/DRI) [S.O. 4788(E)], Dated: 29.12.2020- Appointment of Common Adjudicating Authority MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence) New Delhi, the 29th December, 2020 Notification No. 70/2020-Customs (N.T./CAA/DRI) S.O. 4788(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th […]
Now taxpayers up to Rs. 5 Cr turnover have the option to file their GSTR-1 and GSTR-3B returns quarterly. Introducing Quarterly Return Monthly Payment (QRMP) Scheme The scheme will be made available from January 1st 2021 You can opt-in to the scheme from 5th December 2020 Now, small taxpayers with Aggregate turnover up to Rs. […]
Bank of India REQUEST FOR PROPOSAL (RFP) FOR ENGAGEMENT OF CONSULTANT FOR ASSISTANCE IN IMPLEMENTATION AND REVIEW OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO FINANCIAL STATEMENTS TENDER REFERENCE NO.: HO:FIN:AG:2020-21:239 DATED: DECEMBER 8, 2020 Issued by BANK OF INDIA FINANCE DEPARTMENT, HEAD OFFICE STAR HOUSE – I, C-5, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI […]
Execution of unregistered Joint Development Agreement with an irrevocable Power of Attorney in favour of the Developer does not result in the “transfer” for capital gains liability.
PFRDA offers NPS Subscribers comprehensive and digitally enabled solutions for their diverse needs viz. on-boarding, servicing, exit and facilitating issuance of annuity as per their choice, through its registered intermediaries and empanelled Annuity Service Providers (ASPs).
The Export of all varieties of Onions, as described above, has been made ‘Free’ with effect from 01.01.2021 vide Notification No. 50/2015-2020. Accordingly, the Notification No. 39/2015-20 dated 09.10.2020 related to export of Bangalore Rose and Krishnapuram Onions also stands withdrawn with effect from 01.01.2021. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL […]
Telangana High Court held that the action of the respondents in conducting panchanama dt.28.08.2019 and seizing cash of Rs.5.00 crores from Vipul Kumar Patel, employee of the petitioner in W.P.No.23023 of 2019, and retaining it till date, is illegal and ultra vires the provisions of the Income Tax Act, 1961 and also violative of Art.14
Gimpex Pvt. Ltd. Vs ACIT (ITAT Chennai) There is no dispute with regard to the fact that receivables is included under the definition of international transactions by amending section 92B by the Finance Act, 2012 w.e.f. 01.04.2002. Therefore, we are of the considered view that there is no merit in the arguments advanced by the […]
Nilesh Ajit Kumar Jain Vs ITO (ITAT Mumbai) A perusal of the assessment order shows that the assessment was reopened to examine misuse of Client Code Modification for tax evasion. No addition was made by the Assessing Officer in respect of the issue for which the assessment was reopened. It is a well settled law […]
Maheshwari Roller Flour Mills Pvt. Ltd. Vs ITO (ITAT Delhi) Learned Counsel submitted that initiation under section 147 of the I.T. Act have been done by mentioning the wrong Section 147(b) of the I.T. Act which is deleted from the Income Tax Act w.e.f. 01.04.1989, therefore, reopening is done under non-existent Section in a mechanical […]
