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Piyush Goyal invites Foreign Investors to be a part of India’s growth story

December 15, 2020 336 Views 0 comment Print

Minister of Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution Shri Piyush Goyal has welcomed the Foreign investors to be a part of India’s growth story.

Notification No. 90/2020-Income Tax, Dated: 15.12.2020

December 15, 2020 2802 Views 0 comment Print

Central Government hereby specifies Secretary, Citizen Resources Information Department, Government of Haryana, for the purposes of the said clause in connection with sharing of information regarding income-tax assessees for identifying the eligible beneficiaries for transfer of financial assistance through Direct Benefit Transfer Scheme.

Company dissolution may be set aside within 2 Years from the date of Dissolution

December 15, 2020 4161 Views 0 comment Print

It was held that Where a company has been dissolved, such dissolution may be set aside within a period of two years from the date of such dissolution under section 356 of the Companies Act, 2013.

No ruling on HSN classification of Tyre Pyrolysis Oil due to non-submission of full details

December 15, 2020 4767 Views 0 comment Print

Tyre is made out of 30% to 35% Carbon, 35% to 40 % rubber and 10% to 15% steel. Once the tyres are removed from the car it becomes a waste. This waste is recycled by the applicant and the rubber component of the tyres is converted into oil which can be used for heating purposes and can be called as pyrolysis oil.

No GST on financial assistance under German Government develoPPP.de programmeme

December 15, 2020 1134 Views 0 comment Print

In re Prettl Automotive India Private Limited (GST AAR Maharashtra) Q1. Whether the financial assistance to be received by the Applicant are covered as consideration for supply and the activity is covered under the meaning of supply of services in terms of Section 7 of the CGST Act, 2017/MGST Tax Act, 2017? Answer:- Answered in […]

Time Table & Programme for ICSI June 2021 Examination

December 15, 2020 1872 Views 0 comment Print

COMPUTER-BASED EXAMINATION FOR FOUNDATION PROGRAMME JUNE, 2021 TIME-TABLE Day and Date of Examination Subjects Batch No. Examination Timings From To Saturday, 5th June, 2021 Paper-1 Paper-2 Business Environment and Law AND I 9.30 A.M. 11.00 A.M. II 12.00 Noon 1.30 P.M. Business Management, Ethics and Entrepreneurship III 2.30 P.M. 4.00 P.M. IV 5.00 P.M. 6.30 […]

CESTAT allowed Interest on service Tax amount already deposited to ‘Sourav Ganguly’

December 14, 2020 1125 Views 0 comment Print

Sourav Ganguly Vs Commissioner of Service Tax (CESTAT Kolkata) It transpires from the records that after the passing of the order dated November 12, 2012 by the Commissioner, the appellant deposited the confirmed demand of Rs. 1,51,66,500/- on February 26, 2014 and subsequently also deposited an amount of Rs. 50 lacs on March 21/26, 2014 […]

Exposure Draft of Lease Liability in a Sale and Leaseback – Proposed amendment to IFRS 16

December 14, 2020 474 Views 0 comment Print

Through this ED, the IASB has proposed to amend IFRS 16, Leases. The proposed amendment would specify the method a seller-lessee uses in initially measuring the right-of-use asset and liability arising in a sale and leaseback transaction and how the seller-lessee subsequently measures that liability.

Bank allowed to Open specific A/cs under statues without Restriction

December 14, 2020 1389 Views 0 comment Print

RBI permit banks to open specific accounts which are stipulated under various statutes and instructions of other regulators/ regulatory departments, without any restrictions placed in terms of the above-mentioned circular dated August 6, 2020.

IP shall not accept an assignment after 31.12.2019 without holding a valid AFA

December 14, 2020 486 Views 0 comment Print

In the present matter it is observed that, Mr. Deora had provided his consent to accept the assignment in Form-2 on 29.07.2019 in the CIRP of SMS Paryavaran Limited before 31.12.2019 and the date of commencement of the CIRP is 03.01.2020. However, it is also observed that Mr. Deora was appointed as a Resolution Professional […]

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