Since transaction between assessee and truck owners was a liability which assessee had to pay arising from trade transaction and same could not be added under section 68.
No netting of profits and losses of the eligible units was to be done for the purpose of calculating the deduction under section 80-IC and each unit for the said purpose had to be treated separately.
Ceiling on number of Annual Secretarial Compliance Reports to be issued by PCS – (i) The ceiling on number of Annual Secretarial Compliance Reports to be issued by PCS is 5 (five) reports individually/ per partner in each financial year w.e.f. April 1, 2020 and an additional limit of 5 (five) Secretarial Compliance Reports individually/ per partner in case the Unit has been Peer Reviewed.
MCA notifies National Company Law Tribunal (Second Amendment) Rules, 2019 vide Notification dated 08th May, 2019 and inserts sub-rule (3) & (4) to rule 84 of National Company Law Tribunal Rules, 2016.
Analysis of MCA Notification regarding filing of DPT – 3 Form upto 29th June, 2019 – One time Return Companies (Acceptance of Deposits) Second Amendment Rules, 2019 regarding filing of DPT-3 upto 29th June 2019 The Ministry of Corporate Affairs has issued Companies (Acceptance of Deposits) Second Amendment Rules, 2019 which shall come into force from […]
Discussion Paper on Corporate Insolvency Resolution Process along with Draft RegulationsThis discussion paper assimilates the suggestions received on public portal, suggestions by mail /letters, suggestions received in round tables and the emerging jurisprudence.
In the instant case, we notice that the TPO has entertained the belief on the basis of presumptions that the assessee’s AMP expenses have promoted the brand value of its AE, i.e., no material has been brought on record to show the existence of International transaction. Before us, the Ld A.R placed his reliance on various case laws.
CSAS-4 Auditing Standard on Secretarial Audit deals with responsibilities of the auditor while carrying out Secretarial Audit of a Company. The Standard is in addition to other Auditing Standards, as may be applicable with regard to Secretarial Audit. Contents Scope Effective Date Objective Definitions i. Auditor ii. Audit Procedure iii. Board process iv. Systems and […]
CSAS-2 Auditing Standard on Audit Process and Documentation deals with responsibilities, duties and powers of the Auditor with respect to Audit Process to be followed by him in performing the audit function and maintaining proper documentation with respect to the audit. Contents Scope Effective Date Objective Definitions i. Auditor ii. Auditee iii. Auditee Units iv. […]
DGFT vide Trade Notice No. 25/2018-29 dated 17.08.2018 has allowed import of minimum 125 MT (5 FCL) of Peas under HS Code 0713 10 00 per contract or less (entire quantity as applied) irrespective of the advance payment made before 25.4.2018. Eligible applicants were to register / enhance their contracts with the concerned jurisdictional Regional Authorities.
