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 Submission of Annual Life Certificate

September 30, 2022 2412 Views 0 comment Print

Every Central Government pensioner has to submit Annual Life Certificate in the month of November for further continuation of pension. It has been observed that a large number of Central Government pensioners physically visit bank branches for this purpose.

Amendment in Import Policy of Fresh (green) Areca Nut from Bhutan

September 28, 2022 3135 Views 0 comment Print

Import of 17,000 MTs of Fresh (green) Areca Nut without Minimum Import Price (MIP) condition shall he allowed from Bhutan every year through LCS Jaigaon (INJIG13), subject to valid Registration Certificate issued by DGFT.

Guidelines for preferential issue & institutional placement of units by a listed REIT amended

September 28, 2022 1035 Views 0 comment Print

Units of the same class, which are proposed to be allotted have been listed on a stock exchange for a period of at least six months prior to the date of issuance of notice to its unit holders for convening the meeting to pass the resolution in terms of clause 2.1 above

Guidelines for preferential issue & institutional placement of units by a listed InvIT amended

September 28, 2022 801 Views 0 comment Print

Amendments to guidelines for preferential issue and institutional placement of units by a listed InvIT vide Circular No. SEBI/HO/DDHS/DDHS_Div3/P/CIR/2022/129 | Dated: September 28, 2022. Securities and Exchange Board of India Circular No. SEBI/HO/DDHS/DDHS_Div3/P/CIR/2022/129 | Dated: September 28, 2022 To All Infrastructure Investment Trusts (“InvITs”) All Parties to InvITs All Recognised Stock Exchanges All Depositories All […]

ITAT allowed section 115BAA benefit as CIT(A) wrongly concluded that assessee not filed return of income

September 28, 2022 3087 Views 0 comment Print

Ujjivan Small Finance Bank Vs ADIT (ITAT Bangalore) In this case The CIT(A) had denied the benefit of lower tax rate u/s 115BAA of the I.T. Act for the reason that the assessee has not filed the return of income on or before the due date specified u/s 139(1) of the I.T. Act. In this […]

IBBI mandates liquidator to appoint only registered valuers wef 01.02.2019

September 28, 2022 858 Views 0 comment Print

IBBI Circular No. IBBI/RV/019/2018 dated 17.10.2018 which mandates the liquidator to appoint only registered valuers with effect from 01.02.2019 to conduct valuation under the Code and Regulations made thereunder.

IBBI (Insolvency Professionals) (Fourth Amendment) Regulations, 2022

September 28, 2022 1980 Views 0 comment Print

These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Fourth Amendment) Regulations, 2022.

GST registration cannot be cancelled based on Legally Flawed Proceedings

September 27, 2022 8493 Views 0 comment Print

Pratibha-Mosinzhstroi Consortium Vs Commissioner of CGST (Delhi High Court) High Court held that Impugned order cannot cancelling GST Registration of Appellant be sustained for the following reasons which proves that entire Proceedings was Legally Flawed (i) Firstly, the SCN dated 08.07.2021 gave no clue whatsoever, as to what was the infraction committed by the petitioner-consortium, […]

Investigation wing Information cannot be considered as external source information

September 27, 2022 2235 Views 0 comment Print

Information received from Directorate of Income tax (investigation) cannot be considered to be information received from an external source.

Mere Emails & Form 16A not Sufficient to prove Employer-Employee Relationship

September 27, 2022 17274 Views 1 comment Print

Mere submission of emails & form 16A, do not, in any way, prove that there existed any relationship of employer employee between parties

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