Steria (India) Ltd. Vs. ACIT (ITAT Delhi) Ground number 11 is with respect to the disallowance of management services fees for non-deduction of tax u/s 40 (a) (i) of the act amounting to ₹ 206,044,024 incurred on account of management services fees, held to be fees for technical services on which tax deduction at source […]
Office Of The Commissioner Of Customs (Ns-I), Appraising Main (Import),Jawahar Lal Nehru Custom House, Nhava- Sheva, Tal-Uran, Raigad-400707,Maharashtra (e-mail: appraisingmain.jnch@gov.in; Telephone No.022-27244979) F. No. S/22-Gen- 20/2020-21/AM (I)/JNCH Dated: 07.10.2020 STANDING ORDER NO. 34/2020 Sub: Standard Operating Procedure (SOP) for drawl of samples and surveillance by BIS Officers at Ports of Entry- reg. Attention of all […]
Principal Commissioner Vs Devi 70 MM (NAA) The National Anti-Profiteering Authority (NAA) directed the Directorate General of Anti-Profiteering to reinvestigate and recompute the quantum of profiteering against Devi Cinema. It is a fact that the price of two categories i.e. the First and the Second class movie tickets has been reduced commensurately by the Respondent […]
Attention is invited to CBIC Circular number 04/2011-Cus dated 10.01.2011 vide which guidelines for safety and security of premises storing and handling hazardous goods have been laid down.
A new sub-para (d) under para 4.25 of FTP 2015-20, for disallowing import of tyres under DFIA scheme is introduced. Notification No. 38/2015-2020-DGFT Dated: 06.10.2020
Notification No. 29 dated 25.08.2020 is amended to the extent that the export policy of N-95/FFP-2 masks or its equivalent is amended from ‘Restricted’ to ‘Free’ category making all types of masks freely exportable. Government of India Ministry of Commerce 86 Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan New Delhi Notification […]
Shin-Etsu Polymers India P. Ltd. Vs DCIT (ITAT Chennai) We have observed that the authorities below have commented while disallowing these foreign exchange losses on conversion of outstanding balance in foreign currency into Indian rupee on the date of Balance Sheet as at year end to be on account of outstanding unsecured loans which were […]
There is a need to clearly communicate to the investor that, under dividend option of a Mutual Fund Scheme, certain portion of his capital (Equalization Reserve) can be distributed as dividend.
Shri Rama Chandra Reddy Vs. ITO (ITAT Hyderabad) In this case GPA was given by three persons i.e. (i) Shri K. Pratap Reddy, Sri K. Madhav Reddy and Shri K. Dharma Reddy in favour of the assessee in the year 1990 and it is mentioned therein that the possession of the said land was also […]
In view of the current situation of the pandemic, the mandatory applicability of the Auditing Standards is hereby further extended and the Standards shall be mandatorily applicable to Audit Engagements accepted by the Auditor on or after 1st April, 2021.
