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Exposure Draft of Revised Guidance Note on Division III – Schedule III to Companies Act, 2013

September 4, 2021 2079 Views 0 comment Print

Exposure Draft of Revised Guidance Note on Division III – Schedule III to the Companies Act, 2013 for NBFC that is required to comply with Ind AS by Corporate Laws & Corporate Governance Committee ICAI EXPOSURE DRAFT OF GUIDANCE NOTE ON DIVISION III – SCHEDULE III TO THE COMPANIES ACT, 2013 FOR NBFC THAT IS […]

Draft Guidance Note on Division I – Non Ind AS Schedule III to Companies Act, 2013

September 4, 2021 1896 Views 0 comment Print

Exposure Draft of Revised Guidance Note on Division I – Non Ind AS Schedule III to the Companies Act, 2013 by Corporate Laws & Corporate Governance Committee ICAI EXPOSURE DRAFT OF REVISED GUIDANCE NOTE ON DIVISION I – NON IND AS SCHEDULE III TO THE COMPANIES ACT, 2013 (Revised September 2021 Edition) (Last date for […]

Exposure Draft of Revised Guidance Note on Division II – Ind AS Schedule III to Companies Act, 2013

September 4, 2021 11775 Views 0 comment Print

Exposure Draft of Revised Guidance Note on Division II – Ind AS Schedule III to the Companies Act, 2013 by Corporate Laws & Corporate Governance Committee ICAI EXPOSURE DRAFT OF REVISED GUIDANCE NOTE ON DIVISION II – IND AS SCHEDULE III TO THE COMPANIES ACT, 2013 (Revised September 2021 Edition) (Last Date for Comments: September […]

Interim Protection against Section 148 Notice by MP High Court

September 4, 2021 1872 Views 0 comment Print

Jagadish Kumar Basantani Vs ITO Bhopal and Others (Madhya Pradesh High Court) Regard being had to the similitude of the questions involved, on the joint request of the parties, the matter is being heard on the question of admission and interim relief. Learned counsel for the petitioner submits that the petitioner has challenged the Constitutionality […]

SC explains when HC can entertain writ petition under Article 226

September 3, 2021 5625 Views 0 comment Print

Assistant Commissioner of State Tax and Others Vs Commercial Steel Limited (Supreme Court) In this case respondent had a statutory remedy under section 107. Instead of availing of the remedy, the respondent instituted a petition under Article 226. The existence of an alternate remedy is not an absolute bar to the maintainability of a writ […]

CBDT notifies meaning of specified Bank for Section 194P

September 2, 2021 12060 Views 0 comment Print

For the purpose of Section 194P CBDT notifies specified Bank to mean a banking company which is a scheduled bank and has been appointed as agents of Reserve Bank of India under section 45 of the Reserve Bank of India Act, 1934 (2 of 1934). Notification No. 98/2021-Income-tax | Dated: 2nd September, 2021. MINISTRY OF […]

NPS Functionalities released by CRAs during Quarter I of FY 2021-22

September 2, 2021 906 Views 0 comment Print

The Central Record Keeping Agencies (CRAs) appointed by PFRDA develop system level functionalities as per the evolving needs of NPS stakeholders in accordance with Section 21 of PFRDA Act 2013.

Biopesticides classifiable under chapter 38: CAAR

September 2, 2021 1152 Views 0 comment Print

In re Dow Agro Sciences India Pvt. Ltd. (CAAR Mumbai) Import of insecticides/pesticides is subject to the provisions of the Insecticides Act, 1968. As per provisions of section 9 of the said Act, no insecticides are allowed to be imported without a valid certificate of registration or an import permit issued by the Secretary, Central […]

CAAR cannot give ruling on a issue already pending before an officer of customs

September 2, 2021 705 Views 0 comment Print

In re Larsen & Toubro Ltd. (CAAR Mumbai) This is a request for advance ruling seeking classification of tunnel boring machine and its components, as well as the eligibility of the said goods for exemption from customs duty. The request for advance ruling was filed in the secretariat of the erstwhile AAR, New Delhi on […]

Tello drones with or without camera would merit classification under heading 9503

September 2, 2021 4680 Views 0 comment Print

In re Ingram Micro India Pvt Ltd. (CAAR Mumbai) (i) Tello drones with or without camera would merit classification under heading 9503 of the first schedule to the Customs Tariff Act, 1975 and would attract basic customs duty @ 60% adv., IGST @ 18%, Social Welfare Surcharge @ 6%; (ii) Both AGRAS T16 and Mavic […]

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