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Capital gain on a transaction which never materialized cannot be taxed

May 17, 2021 1233 Views 0 comment Print

ITO Vs Amit Murlidhar Kamthe (ITAT Pune) Firstly, no possession was given to the developer under the JDA as an owner. Secondly, a part of the land at the material time in 2008 vested in the Government of Maharashtra. Thirdly, the transaction admittedly fell through and a part of the land was eventually sold to […]

Black fungus – Evidence Based Advisory in the Time of Covid-19

May 17, 2021 1014 Views 0 comment Print

[Screening, Diagnosis & Management of Mucormycosis (black fungus)] Mucormycosis – if uncared for – may turn fatal Mucormycosis is a fungal infection that mainly affects people who are on medication for other health problems that reduces their ability to fight environmental pathogens. Sinuses or lungs of such individuals get affected after fungal spores are inhaled […]

COVID-19- FAQs for Patients with Hypertension, Diabetes & Heart Diseases

May 17, 2021 819 Views 0 comment Print

Are patients with heart disease, diabetes or hypertension at increased risk to get coronavirus infection? No, people with hypertension, diabetes or heart diseases are at no greater risk of getting the infection than anyone else.

Criteria for BUs to become trading/clearing members of IFSCA recognized stock exchanges- clarification

May 17, 2021 453 Views 0 comment Print

IFSC (Banking) Regulation, 2020- Directions for implementation – Criteria for BUs to become trading/clearing members of IFSCA recognized stock exchanges- clarification

Transparent Float Glass (Quality Control) Order, 2021

May 17, 2021 2655 Views 0 comment Print

Compulsory use of Standard Mark.–The goods or articles specified in column (1) of the Table shall conform to the corresponding Indian Standard mentioned in column (2) of the said Table and shall bear the Standard Mark under a licence from the Bureau as per Scheme I of Schedule-II of the Bureau of Indian Standard (Conformity Assessment) Regulations, 2018:

State can allow certain industries to function during unless it shown that such decision was absurd to meanest mind

May 17, 2021 405 Views 0 comment Print

Workmen of Renault Vs State of Tami Nadu (Madras High Court) Workmen of Renault-Nisan, Wipro Infrastructure & MRF filed Petitions with Madras High Court & contended that the safety or health of the workment cannot be compromised to keep the units functioning. High Court Observed as follows:- Prima facie, it appears that a policy decision […]

Penalty order gets vitiated if AO not strikes irrelevant limbs in section 274 notice

May 17, 2021 1848 Views 0 comment Print

Vijay Mohan Harde Vs ACIT (ITAT Pune) A copy of the notice issued u/s 274 of the Act has been placed in the appeal folder, from which it is discernible that the AO did not strike off either of the two limbs viz., concealed the particulars of income or furnished inaccurate particulars of such income, […]

Homoeopathy Central Council (Amendment) Ordinance, 2021

May 16, 2021 396 Views 0 comment Print

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi the 16th May, 2021 THE HOMOEOPATHY CENTRAL COUNCIL (AMENDMENT) ORDINANCE, 2021 NO. 6 OF 2021 Promulgated by the President in the Seventy-second Year of the Republic of India. An Ordinance further to amend the Homoeopathy Central Council Act, 1973. WHEREAS Parliament is not in session and […]

Black-marketing of covid medicines/equipment – Strict action needed

May 16, 2021 1056 Views 0 comment Print

Confederation of all India Traders has written a letter to Shri Amit Shah, Hon’ble Minister for Home Affairs and requested Request to take strict action against alleged black-marketing of covid related medicines and equipment. Full text of the letter is as follows:- “Vyapar Bhawan” 925/1, Naieala, karol Bagh, New Delhi-110005. Phone: +91-11-45032664, Telefax: +91-11-45032663 E-mail: […]

Fake Narrative Vs Truth | Covid-19 | Vaccination | Anurag Thakur

May 15, 2021 1140 Views 0 comment Print

Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur has shared on Whatsapp an Image which replies many of the Questions Posed to his Party related to Covid-19 and Vaccination. Text of the same is as follows:- Narrative: Modi or government did not see second wave coming            Truth: On March 17 2021, at a COVID review meeting with CMs, […]

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