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ITAT deletes addition made merely on the basis of diary noting

March 30, 2021 1854 Views 0 comment Print

D .V. Sadananda Gowda Vs ACIT (ITAT Bangalore) Admittedly, the addition of Rs.5 lakh has been made in the case of the assessee only on the basis of diary noting, statement of VP (Finance), RNSIL, and data retrieved by using forensic tools from seized computer server (data was deleted and the same was retrieved by […]

Promotion of 5 officers to Pr.CCIT grade | Order No. 83 of 2021

March 30, 2021 1227 Views 0 comment Print

Office Order No. 83 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 with immediate effect or w.e.f. the date of assumption of the charge of the post by them, whichever is later:

The National Commission For Allied And Healthcare Professions Act, 2021

March 28, 2021 1857 Views 0 comment Print

(1) This Act may be called the National Commission for Allied and Healthcare Professions Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification, appoint; and different dates may be appointed for different provisions of this Act and any reference in any provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

Govt notifies Annual Quota of 4 Lakh MT of Urad for fiscal year 2021-22

March 26, 2021 741 Views 0 comment Print

Annual Quota of 4 Lakh MT of Urad for the fiscal year 2021-22 is notified and will be allowed to be imported by Millers/ Refiners/ Traders. The same will be distributed equally to a pre-determined number of applicants through an algorithm based lottery system.

Freight forwards/NVOCCs/Consolidators Pending Registration as Other Notified Carriers (ANC) under SCMTR – reg

March 26, 2021 2409 Views 0 comment Print

Attention of all Port Terminals, Shipping lines, Shipping Agents, Transhippers, Custodians, Freight forwarders, Customs Brokers, Importers, Exporters, and other stakeholders is invited to Sea Cargo Manifest and Transhipment Regulations (hereinafter referred to as SCMTR) notified through Board Notification No 38/2018-Customs dated 11.05.2018 as amended through Notification No 54/2019-Customs dated 01.08.2019, Notification No. 78/2019-Customs dated 31.10.2019 and Notification No.94/2020- Customs dated 30.09.2020. Attention is also invited to JNCH Public Notice No. 16/2021 dated 12.02.2021

GST refund issues & calculation of Adjusted Total Turnover clarified

March 26, 2021 2382 Views 0 comment Print

Clarification in respect of refund claim by recipient of Deemed Export Supply, Extension of relaxation for filing refund claim in cases where zero-rated supplies has been wrongly declared in Table 3.1(a) and manner of calculation of Adjusted Total Turnover under sub-rule (4) of Rule 89 of KGST Rules, 2017.

Garnishee Notice cannot be issued when appeal is pending & pre-deposit is paid

March 25, 2021 1371 Views 0 comment Print

NG Gadhiya Vs State of Jharkhand & Others (Jharkhand High Court) Considering the facts and circumstances of the case and in view of the specific provision of sub-Sections 6 & 7 of Section 107 of the JGST Act and in view of the admitted position that the subsequent garnishee notices dated 15.01.2021 covers both the […]

SEBI reviews Innovators Growth platform framework & other 10 issues

March 25, 2021 1518 Views 0 comment Print

eview of framework of Innovators Growth platform (IGP) under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 The Board has approved the proposals with respect to framework of Innovators Growth platform (IGP) under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, with an objective to make the platform more accessible to companies in view of the evolving start-up ecosystem.

ICAI Guidelines for Networking of Indian CA firms, 2021

March 24, 2021 39429 Views 0 comment Print

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA The Guidelines for Networking of Indian CA firms, 2021 1. Preamble 1.1 Over the years, our Members have adopted different models of practice viz. Practice in individual name Practice as a sole proprietary firm Practice as a partnership / Limited Liability Partnership firm Merger of two or more […]

PFRDA (Employees’ Service) (Amendment) Regulations, 2021

March 24, 2021 1134 Views 0 comment Print

1. These regulations may be called the Pension Fund Regulatory and Development Authority (Employees’ Service) (Amendment) Regulations, 2021. 2. These shall come into force on the date of their publication in the Official Gazette.

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