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IRDAI allows Additional time for filing all returns due on 31st March, 2021

April 30, 2021 990 Views 0 comment Print

Considering the prevailing pandemic situation due to COVID, all insurance intermediaries are allowed additional time upto 31stMay, 2021 to file all returns due on 31st March 2021.

ITAT Chandigarh suggests creation of TAX ADVISORY CELL

April 30, 2021 855 Views 0 comment Print

Ashok Kumar Vs ITO (ITAT Chandigarh) Before parting, it needs be highlighted that for India to achieve the status of a USD 5 trillion economy, the banking industry necessarily needs to have a very robust and transparent mechanisms of zero tolerance of abuse of power without which the Indian ambition can only remain a pipe […]

Request for Extension of Lockdown in Delhi till 15th May, 2021

April 29, 2021 756 Views 0 comment Print

It has been unanimously resolved to request you for extension of lock down in Delhi beyond 3rd May and the. same be extended upto 15th May,2021. The present situation in Delhi caused by covid pandemic is highly chaotic, horrible and grim and therefore calling for more strict measures. along with lock down in order to break the chain of covid.

IRDAI Report for revisiting retail business of Engineering tariff

April 29, 2021 552 Views 0 comment Print

A Working Group was set up by the Authority vide order Ref: IRDAI/NL/WG/ENGG-Retail/240/2020-21 dated 5th November 2020 to revisit the existing Engineering insurance products (Retail) and recommend new suitable standard products in line with advancement in technology for the retail segment.

Approve Insurance claim of COVID-19 patients in 30 to 60 Minutes: HC

April 28, 2021 4053 Views 2 comments Print

Vinay Jaidka Vs Chief Secretary (Delhi High Court) Abhishek Nanda, ld. Counsel who appears for the Insurance Regulatory and Development Authority of India (hereinafter, “IRDAI”) was requested to appear before the Court. He submits that recently, the IRDAI has issued press releases dated 22nd April, 2021 and 23rd April, 2021 as per which it has […]

CS Benevolent Fund reimbursing Covid-19 treatment expenses

April 28, 2021 2655 Views 0 comment Print

We wish to bring to the kind notice of all Members that Company Secretaries Benevolent Fund (CSBF) is reimbursing the medical expenses, in deserving cases, incurred by the CSBF Life Members towards Covid-19 treatment upto Rs.75,000/- (limited to Rs.50,000/- till completion of 3 years of subscription).

Whether Indian Judiciary is equipped to declare ‘Medical Emergency’

April 27, 2021 1989 Views 1 comment Print

COVID-19 is a disaster that has engrossed from Wuhan, China. Although over the last few months this has travelled many countries and the reason for the birth of the Coronavirus is still not known. Some say that it is a virus which is a mixture of several viruses such as swine flu,  bird flu etc., However the virus has spread all over the world and has become irresistible while taking several lives in the universe.

Issue not raised in SCN, cannot be imported into adjudication or Appeal order

April 27, 2021 4530 Views 0 comment Print

Explore the CESTAT Ahmedabad ruling in Huhtamaki PPL Ltd vs C.C.E. & S.T. regarding Cenvat Credit on warehousing services. Know the legal insights and implications.

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2021

April 27, 2021 567 Views 0 comment Print

Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2021 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, 27th April, 2021 No. IBBI/2021-22/GN/REG074.—In exercise of the powers conferred by sections 196, 203 and 205 read with section 240 of the Insolvency and Bankruptcy Code, 2016 […]

Anti dumping duty on imports of Polytetrafluoroethylene (PTFE)

April 26, 2021 816 Views 0 comment Print

Seeks to levy anti dumping duty on imports of Polytetrafluoroethylene (PTFE) originating in or exported from Korea RP, to prevent the circumvention of anti dumping duty levied on Polytetrafluoroethylene (PTFE) originating in or exported from Russia vide  notification No.23/2016-Customs (ADD), dated the 6th June, 2016 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification […]

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