In order to strengthen and raise the standard of the Asset Liability Management (ALM) framework applicable to NBFCs, it has been decided to revise the extant guidelines on liquidity risk management for NBFCs.
Discussion Paper on Corporate Insolvency Resolution Process deals with two issues, namely, essential supplies and the fee payable to insolvency professionals (IPs) in a corporate insolvency resolution process (CIRP).
If one contrasts section 264 of the Act with noticed that unlike section 246A of the Act which specifies sections of the Act from which an appeal would lie, section 264 of the Act provides for revision from `any order’ under the Act. This is another indication that the Commissioner of Income Tax has very wide powers to correct any order passed by an officer subordinate to him.
CBDT amends Notification No. 62/2019- Income Tax dated 12th September, 2019 related to E-assessment Scheme, 2019 to rectify the spelling misstates vide CORRIGENDA Notification No. 86/2019 dated: 1st November, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDA New Delhi, the 1st November, 2019 Notification No. 86/2019-Income Tax S.O. 3968(E).—In the […]
CBDT amends Notification No. 61/2019- Income Tax dated 12th September, 2019 related to E-assessment Scheme, 2019 to rectify the spelling misstates vide CORRIGENDA Notification No. 85/2019 dated: 1st November, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDA New Delhi, the 1st November, 2019 Notification No. 85/2019-Income Tax S.O. 3967(E).— In […]
With a view to providing RRBs additional options for augmenting regulatory capital funds, so as to maintain the minimum prescribed CRAR, besides meeting the increasing business requirements, it has been decided to allow RRBs to issue Perpetual Debt Instruments (PDIs) eligible for inclusion as Tier 1 capital.
ITO Vs M/s Citymaker Builder Pvt. Ltd. (ITAT Mumbai) As two of the share applicant companies as per the information received by the A.O from the office of the DGIT(Inv), Mumbai, were the companies controlled an infamous accommodation entry provider, therefore, it was incumbent on the part of the lower authorities to have carried out […]
The Assessing Officer thus concluded that there was no nexus between the higher education expense of Ms. Esha Arya and the business of the assessee and accordingly disallowed the entire sum holding that it was not an expenditure incurred wholly and exclusively for the purpose of business.
The moot question, according to learned counsel for writ petitioner is, the transporter cannot be proceeded against even if the allegations against the owner of the goods i.e., dealer under TNGST Act, are true.
Tariff Notification No. 79/2019-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 79/2019-CUSTOMS (N.T.) New Delhi, 31st October, 2019 9 Kartika, 1941 (SAKA) S.O. […]
