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Reply to RTI on cost and tender process for new Income Tax portal

July 9, 2021 12564 Views 8 comments Print

The Integrated E-filing and CPC2.0 project cost was determined through an open tender based on the L1 criteria. The tender was published on Central Public Procurement Portal (CPPP).

Cabinet approves MoU between ICoAl and ACCA, UK

July 8, 2021 2538 Views 1 comment Print

Cabinet approves Memorandum of Understanding (MoU) between Institute of Cost Accountants of India (ICoAl) and the Association of Chartered Certified Accountants (ACCA), United Kingdom (UK)

IBBI bans RP for a period of one year

July 8, 2021 2979 Views 0 comment Print

In the matter of Mr. Anupam Tiwari, Insolvency Professional under Section 220 of the Insolvency and Bankruptcy Code, 2016 (Code) read with Regulation 11 of the Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulations, 2016.

Vacancy with MCA as Drafting Counsel for CA, CS, CMA & LLB

July 8, 2021 1737 Views 0 comment Print

Office of the Official Liquidator is in the process of recruiting Chartered Accountants, Company Secretaries, Cost and Works Accountant and LLB as Associates on contract basis for a period of 12 months on a monthly remuneration of Rs.40,000/- p.m. subject to TDS and on the terms and conditions governing such appointment.

Relating Giloy to Liver Damage is completely Misleading

July 8, 2021 540 Views 0 comment Print

The Ministry of Ayush has noticed a media report based on a study published in Journal of Clinical and Experimental Hepatology, a peer reviewed journal of the Indian National Association for the study of the liver. This study mentions that use of herb Tinospora Cordifolia (TC), commonly known as Giloy or Guduchi, resulted in liver failure in six patients in Mumbai.

Modi Government creates a new Ministry of Co-operation

July 8, 2021 1425 Views 0 comment Print

Cabinet Secretariat Modi Government creates a new Ministry of Co-operation Posted On: 06 JUL 2021 In a historic move, a separate ‘Ministry of Co-operation’ has been created by the Modi Government for realizing the vision of ‘Sahkar se Samriddhi’. This ministry will provide a separate administrative, legal and policy framework for strengthening the cooperative movement […]

Shivalik Small Finance Bank included in Second Schedule of RBI Act, 1934

July 7, 2021 525 Views 0 comment Print

We advise that Shivalik Small Finance Bank Limited has been included in Second Schedule to Reserve Bank of India Act, 1934 vide Notification dated June 15, 2021

Assessee not become beneficial Owner because in account opening form name of the Assesse written as beneficial Owner

July 7, 2021 2637 Views 0 comment Print

Addl. CIT Vs Jatinder Mehra (ITAT Delhi) It is apparent that assessee does not own any share capital in case of Watergate advisors Limited as well as it also does not controls the above company as he does not have any shareholding or management rights in that With respect to the mention of the name […]

HC directs Condonation of delay in filing revocation application of GST registration

July 7, 2021 7443 Views 0 comment Print

Gautam Construction Vs Commissioner of CT and GST (Orissa High Court) The delay in Petitioner’s invoking the proviso to Rule 23 of the Odisha Goods and Services Tax Rules (OGST Rules) is condoned and it is directed that subject to the Petitioner depositing all the taxes, interest, late fee, penalty etc. due and complying with […]

‘Deemed Dividend’ provisions not applicable if Advances were given to Shareholder for Business Purpose

July 6, 2021 2583 Views 0 comment Print

ACIT Vs Krishna Coil Cutters Pvt. Ltd. (ITAT Ahmedabad) On facts, it has emerged that the lender company has charged interest on the advances made to the assessee company. In the circumstances, the Hon’ble Calcutta High Court in the case of Pradip Kumar Malhotra vs. CIT (2011)338 ITR 538(Cal) has observed that advances given by […]

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