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Panel of Insolvency Professionals for appointment as Administrator

March 31, 2021 1122 Views 0 comment Print

Panel of IPs prepared in accordance with ‘Guidelines for Appointment of IPs as Administrators under the SEBI (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018 for appointment as Administrator for a period from April 1, 2021 to September 30, 2021.

Emergency Credit Line Guarantee Scheme 1.0 & 2.0 extended upto 30.6.2021

March 31, 2021 957 Views 0 comment Print

ECLGS 3.0 would involve extension of credit of upto 40% of total credit outstanding across all lending institutions as on 29.02.2020. The tenor of loans granted under ECLGS 3.0 shall be 6 years including moratorium period of 2 years.

Sunset review investigation initiated on imports of Cold Rolled/cold reduced flat steel products

March 31, 2021 474 Views 0 comment Print

Case No. AD (SSR)-06/2021Initiation of sunset review investigation concerning imports of ―Cold Rolled/cold reduced flat steel products of iron or Non-Alloy Steel, or other Alloy Steel, of all width and thickness, not clad, plated or coated‖ originating in or exported from China PR, Japan, Korea RP and Ukraine

Assessee has option to choose initial from which it may desire to claim Section 80IA deduction for ten consecutive years

March 31, 2021 1017 Views 0 comment Print

CIT Vs Tamil Nadu Newsprint and Papers Limited (Madras High court) It is abundantly clear from Sub-Section (2) of Section 80IA that an assessee who is eligible to claim deduction u/s 80IA has the option to choose the initial/first year from which it may desire the claim of deduction for ten consecutive years, out of […]

GST on Quality material testing & Geophysical survey investigation

March 31, 2021 7854 Views 0 comment Print

The services provided by the applicant, namely, Quality material testing works is not exempted from Goods and Services Tax in terms of entry no.3 of the Notification 12/2017- Central Tax (rate) dated 28.06.2017 as amended and The service of Geophysical survey investigation is exempted from Goods and service Tax terms of entry no.3 of the Notification 12/2017- Central Tax (rate) dated 28.06.2017 subject to conditions stated in Para 9.7 above.

Faceless Assessment: Assigning role of Pr.CCsIT of region & Pr. CCIT (NaFAC)

March 31, 2021 1323 Views 0 comment Print

Pr. CCsIT of the Region shall be the Cadre Controlling Authority in their area of jurisdiction in respect of all field formations including Faceless charges (ReFACs), Central charges, International Taxation & Transfer Pricing charges, Investigation Directorates, Exemption charges & DTRTI etc., along with the Jurisdictional Hierarchy.

Guidelines pertaining to Surrender of FPI Registration

March 30, 2021 1077 Views 0 comment Print

In terms of SEBI (Foreign Portfolio Investors) Regulations, 2019, any FPI (‘applicant’) desirous of surrendering the certificate of registration may request for such surrender to the DDP.

Promotion of 3 officers to Pr.CCIT grade | Order No. 84 of 2021

March 30, 2021 2460 Views 0 comment Print

Office Order No. 84 of 2021 Consequent upon approval of the Competent Authority, the following officers are, hereby, promoted to the grade of Principal Chief Commissioner of Income Tax (Pr. CCIT) (level 17 in the pay matrix Rs. 2,25,000/-) for the panel year 2021 on in-situ basis w.e.f. 01.04.2021 or the date of assumption of the charge of the post by them, whichever is later:

Freight charges not includable in sale price for calculating taxable turn over under Orissa Sales Tax

March 30, 2021 5280 Views 0 comment Print

Utkal Moulders Vs State of Orissa (Orissa High Court) In the considered view of the Court, the legal position, as explained in Hindustan Sugar Mills and others v. State of Rajasthan and others (supra) and the State of Karnataka and another v. Bangalore Soft Drinks Pvt. Ltd. (supra) supports the case of the Petitioner is […]

SEBI (Stock Brokers) (Amendment) Regulations, 2021

March 30, 2021 2649 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette.

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