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Disallowance under Section 43B due to wrong reporting in Audit Report- ITAT restores the issue to AO

December 27, 2021 4830 Views 0 comment Print

Rukmini Polytubes Pvt. Ltd. Vs DCIT (ITAT Delhi) ITAT find the adjustment of Rs. 1,82,543/- under section 43B(b) was made by the CPC on account of belated payment of PF and ESI payment of Bonus and GST. It is the submission of the Learned Counsel for the Assessee that the above payments were made before […]

HC quashes Custom order passed in violation of Principle of Natural Justice (No Cross-examine Opportunity)

December 27, 2021 1125 Views 0 comment Print

It is recorded that this court has set aside the impugned adjudication order only on the ground of violation of principle of natural justice and has not gone into the merits of the case itself.

Govt imposes ADD on import of ‘Decor Paper’ from China

December 27, 2021 2913 Views 0 comment Print

Notification No. 77/2021-Customs (ADD) -Seeks to impose ADD on Decor Paper originating in or exported from China PR for a period of 5 years. OVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 77/2021-Customs (ADD) New Delhi, the 27th December, 2021 G.S.R. 882(E).- Whereas in the matter of ‘Décor Paper’ (hereinafter referred to […]

New Guideline in view of initial signs of surge in Covid-19/Omicron cases

December 27, 2021 525 Views 0 comment Print

Measures that need to be taken in view of initial signs of surge in cases of Covid-19 as well as increased detection of the Variant of Concern (VoC), ‘Omicron’ in different parts of the country.

ICAI CMA institute dissolved ‘Bhadravati-Shimoga Chapter’

December 26, 2021 729 Views 0 comment Print

Council of the Institute of Cost Accountants of India held on 11th and 12th September, 2021 has dissolved the following Chapter of The Institute of Cost Accountants of India: Bhadravati-Shimoga Chapter

Classification of Unfavoured/API/Chikni/Flavoured supari

December 25, 2021 2658 Views 0 comment Print

In re UBS Exports International Pvt. Ltd. (CAAR Mumbai) Advance ruling has been sought on classification of four different goods, each known as ‘supari‘ in common trade parlance, albeit with differentiator, viz. API, Chikni, Unflavoured and Flavoured. The basic raw material for each of the four goods is raw betel nut, which is classifiable under […]

Dealings in Illiquid Stock Options at the BSE – SEBI imposes Penalty

December 24, 2021 6837 Views 0 comment Print

SEBI conducted an investigation into the trading activity in illiquid stock options on BSE Limited for the period April 01, 2014 to September 30, 2015

Empanelment of Senior & Junior Standing Counsel For Income Tax Dept, Odisha

December 24, 2021 2712 Views 0 comment Print

Office of the Pr. Chief Commissioner of Income Tax, Bhubaneswar invites applications from eligible advocates for empanelment as Senior Standing Counsel & Junior Standing Counsel for representing the Department on Direct Tax matters

Amended provisions related to deduction for ESI/PF applicable from AY 2021-22

December 24, 2021 5628 Views 0 comment Print

Abhimanyu Sharma Vs ITO (ITAT Jaipur) In the instant case, admittedly and undisputedly, the employees’ contribution to ESI and PF collected by the assessee from its employees have been deposited well before the due date of filing of return of income u/s 139(1) of the Act and therefore, the legal proposition laid down in aforesaid […]

Form 66 for submission of Compliance Certificate with ROC

December 24, 2021 1425 Views 0 comment Print

FILLING OF EFORM –66 – Form for submission of Compliance Certificate with the Registrar of Companies (ROC) After the eForm 66 has been filled, click the Prescrutiny button to prescrutinise the eForm. If the eForm 66 is not prescrutinised, it shall be rejected when you attempt to upload the eForm 66. This eForm 66 shall […]

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