The quantification of loss, which is well beyond the limited scope of ‘mistake apparent on record’ under section 154], could not have been disturbed in the proceedings under section 154, and what cannot be done under section 154, cannot be done under section 263 r.w.s. 154 either.
The electronics industry is the world’s largest and fastest growing industry with applications in all sectors of the economy. Semiconductors have been a key enabler in the advancement of electronics for over five decades and will play an even greater role with the emergence of new applications including IoT, artificial intelligence, 5G, smart mobility, robotics, etc.
Officers of CGST Commissionerate, Bengaluru West detected a case of import of PV Inverters without payment of IGST and Customs Duty against Advance Authorization. The manufactured PV Inverters were then exported on payment of IGST and a refund of the same was claimed. The entire amount of the erroneously availed refund of more than Rs. 40 Crore has since been recovered.
Part I – Law(s) Governing the eForm CFI – Reply To Call for Information on CSR Rule Number(s) Section 206 of the Companies Act, 2013 regarding compliance of provisions of Corporate Social Responsibility (CSR) u/s 135 r/w section 1 34(3)(o) of the Act. Section 206: (1) Where on a scrutiny of any document filed by […]
The Free Import Policy of Tur/Pigeon Peas (Cajanus Cajan) (ITC(HS) 0713 60 00) and Urad [Beans of the SPP Vigna Mungo (L.) Hepper] (ITC(HS) 0713 3110) shall stand extended up to 31.03.2022.
eForm INC-20 – Intimation to Registrar of revocation/surrender of license issued under section 8 Part I – Laws Governing the eForm INC-20 Section and Rule Number(s) eForm INC-20 is required to be filed pursuant to section 8 (4) & 8 (6) of the Companies Act, 2013 and rule 23 of Companies (Incorporation) Rules, 2014 and […]
Skava Electric Pvt. Ltd. Vs ACIT/DCIT (ITAT Bangalore) ITAT held that assessee would be entitled to deduction of employees’ contribution to PF and ESI provided that the payments were made prior to the due date of filing of the return of income u/s 139(1) of the I.T.Act. It was further held by the ITAT that […]
Part I – Law(s) Governing the eForm AOC-5 Rule Number(s) eForm AOC-5 is required to be filed pursuant to Section 128 of the Companies Act 2013 which is reproduced for your reference. Section 128: (1) Every company shall prepare and keep at its registered office books of account and other relevant books and papers and […]
Revision to Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper
Notification No. 72/2021-Customs (ADD) Dated 17th December, 2021 | Seeks to impose Anti-dumping Duty on Imports of hydrogen peroxide from Bangladesh. MINISTRY OF FINANCE (Department of Revenue) Notification No. 72/2021-Customs (ADD) New Delhi, the 17th December, 2021 G.S.R. 866(E).—Whereas, in the matter of import of ‘Hydrogen Peroxide’ (hereinafter referred to as the subject goods), falling […]
