The very intent of the section 14A of the income tax Act is that no expenditure shall be allowed as deduction, in computing the Total income of the Assessee, if such expenditure is incurred to earn an income, which is exempt under Income tax act. That is to say that no deduction shall be allowed in respect of the expenditure incurred in relation to the income which does not form part of the Total Income of the Act.
Any Indian recognized stock exchange or any stock exchange of a foreign jurisdiction may form a subsidiary to provide the services of stock exchange in IFSC wherein at least fifty one per cent. of paid up equity share capital is held by such stock exchange and remaining share capital may be offered to any other person (whether Indian or of foreign jurisdiction) and such person shall not at any time
Notification No. 18/2020-Customs (ADD)- Seeks to extend anti-dumping duty on import of Phenol originating in or exported from South Africa, imposed vide Notification No. 32/2015-Customs(ADD) dated 10.07.2015, up to and inclusive of 9th January, 2021. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 9th July, 2020 Notification No. 18/2020-Customs (ADD) G.S.R. 435(E).—Whereas, the […]
In re Oswal Industries ltd.( M/s. Nimba Nature Cure Village) (GST AAR Gujarat) The applicant M/s. Oswal Industries ltd. (M/s. Nimba Nature Cure Village) is not eligible to get the benefit of entry No.74 of exemption Notification No.12/2017-Central Tax (Rate) dated 28.06.2017. Read AAAR Order : Nimba Nature Cure Village not eligible for GST Exemption notification […]
The MoU will facilitate the sharing of data and information between CBDT and SEBI on an automatic and regular basis. The MoU will ensure that both CBDT and SEBI have seamless linkage for data exchange. In addition to regular exchange of data, CBDT and SEBI will also exchange with each other, on request and suo moto basis, any information available in their respective databases, for the purpose of carrying out scrutiny, inspection, investigation and prosecution.
Mayank Sikarwar Vs State of U.P. (Allahabad High Court) The petitioner had a registration under the Goods and Services Tax Act, 2017, which when the Assessing Authority cancelled on 19.9.2019 under Section 29(2)(c) of the Goods and Services Tax Act, 2017(hereinafter referred to as ‘the Act), the petitioner filed an application for the revocation of […]
(1) This Order may be called the Bicycles- Retro Reflective Devices (Quality Control) Order, 2020. (2) This order shall come into force with effect from 01.01. 2021.
Sh. Shivam Agarwal Vs Gaursons Realtech Pvt. Ltd. (NAA) Keeping in view the self-admission of the Respondent in which he has stated that he is liable to pass on the benefit of additional ITC as per the provisions of Section 171 of the above Act, the above projects are required to be investigated as there […]
Notification No. 29/2020-Customs- Seeks to further amend notification no. 152/2009 dated 31.12.2009, to increase the rate of duty of customs on imports of Phthalic Anhydride originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement, on recommendation of preliminary findings of Directorate General of Trade Remedies under India-Korea Comprehensive Economic Partnership Agreement […]
MINISTRY OF COMMERCE AND INDUSTRY (DIRECTORATE GENERAL OF TRADE REMEDIES) CORRIGENDUM NOTIFICATION New Delhi, the 6th July, 2020 CASE No. (OI) 08/2019 Subject: – Anti-dumping duty investigation concerning imports of Polystyrene from Iran, Malaysia, Singapore, Chinese Taipei, UAE and USA F. No. 6/10/2019-DGTR.—Having regard to the Customs Tariff Act, 1975, as amended from time to […]
