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Bicycles- Retro Reflective Devices (Quality Control) Order, 2021

May 25, 2021 1590 Views 0 comment Print

Goods or articles specified in the column (1) of the Table 1 shall conform to the corresponding Indian Standard mentioned in the column (2) of the said Table and shall bear the Standard Mark under a license from the Bureau as per Scheme-I of Schedule-II of Bureau of Indian Standards (Conformity Assessment) Regulations, 2018.

Disallowance under section 14A cannot exceed exempt income

May 24, 2021 2619 Views 0 comment Print

DLF Universal Ltd Vs DCIT (ITAT Delhi) Ld AO has applied 0.5% of investment of Rs. 53.51 crores whereas the ld CIT(A) restricting 0.5% only Rs. 30.84 holding that balance investment of approximately Rs. 22 crores was made in the subsidiary companies and there was no intention of earning any dividend income. The ld CIT(A) […]

Guidelines for Amalgamation of District Central Co-op Banks with State Co-op Bank

May 24, 2021 2127 Views 0 comment Print

The proposal should be in compliance with the legal requirements, past orders/ rulings of the Courts, if any. The State Government shall verify that there are no Court Orders prohibiting or staying the proposal for amalgamation.

GoM on GST on Casinos, Race Courses and Online Gaming

May 24, 2021 1707 Views 0 comment Print

In pursuance of the decision of the GST Council a Group of Ministers (GoM) on Casinos, Race Courses and Online Gaming has been constituted.

CBIC Notifies Rate of Exchange of Foreign Currencies wef 21.05.2021

May 20, 2021 2781 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 21st May, 2021, vide Notification No. 48/2021-Customs (N.T.), Dated: 20th May, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 48/2021 – Customs (N.T.) New Delhi, dated the 20th May, […]

Take control of Drug used for treatment of Black Fungus: CAIT

May 19, 2021 1383 Views 0 comment Print

To prevent black marketing & hoarding of “Liposomal Amphotericin B” a crucial life saving drug used for treatment of Mucormycosis (Black Fungus), Confederation Of All India Traders has urged Dr. Harshvardhan ji, Hon’ble Minister for Health to take control of the drug & ensure proper supply to all hospitals through State Governments. Text oif their […]

Writ Petition not maintainable against appealable Assessment Order

May 19, 2021 1578 Views 0 comment Print

Omkara Assets Reconstruction Private Limited Vs ACIT (Madras High Court) In view of the fact that the Assessment Order is appealable and such appeal has been filed by the petitioner, I am not inclined to consider the Writ Petition on merits. Nonetheless, in view of the fact that the main issues for consideration in such […]

Extension of ICSI eCSin Amnesty Scheme 2021 till May 31, 2021

May 17, 2021 1851 Views 0 comment Print

The Institute of company secretaries of India The members applying under ICSI eCSin Amnesty Scheme,2021 shall be granted immunity from the application of the provision of the eCSin Guidelines in respect of the eCSin for which request under this Amnesty Scheme has been made and disciplinary proceedings shall not be initiated or entertained in this […]

Capital gain on a transaction which never materialized cannot be taxed

May 17, 2021 1479 Views 0 comment Print

ITO Vs Amit Murlidhar Kamthe (ITAT Pune) Firstly, no possession was given to the developer under the JDA as an owner. Secondly, a part of the land at the material time in 2008 vested in the Government of Maharashtra. Thirdly, the transaction admittedly fell through and a part of the land was eventually sold to […]

Black fungus – Evidence Based Advisory in the Time of Covid-19

May 17, 2021 1467 Views 0 comment Print

[Screening, Diagnosis & Management of Mucormycosis (black fungus)] Mucormycosis – if uncared for – may turn fatal Mucormycosis is a fungal infection that mainly affects people who are on medication for other health problems that reduces their ability to fight environmental pathogens. Sinuses or lungs of such individuals get affected after fungal spores are inhaled […]

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