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SEBI allows conducting of EGMs of unit holders of InvITs & REITs via VC/OAVM

October 8, 2020 525 Views 0 comment Print

SEBI: Extension of facility for conducting extraordinary meeting(s) (EGMs) of unit holders of InvITs and REITs through Video Conferencing or Other Audio-Visual Means (VC/OAVM) Securities and Exchange Board of India CIRCULAR SEBI/HO/DDHS/DDHS/CIR/P/2020/201 Dated: October 08, 2020 All Infrastructure Investment Trusts (InvITs) All Real Estate Investment Trusts (“REITs”) All Parties to InvITs and REITs All Recognized […]

Notification No. 52/2020-Customs (N.T./CAA/DRI), Dated: 08.10.2020

October 8, 2020 663 Views 0 comment Print

Notification No. 52/2020-Customs (N.T./CAA/DRI), Dated: 08.10.2020- Appointment of common adjudicating authority MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence) NOTIFICATION New Delhi, the 8th October, 2020 Notification No. 52/2020-Customs (N.T./CAA/DRI) S.O. 3565(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June […]

ICSI: Relaxation to students from undergoing 15 days Class room EDP

October 7, 2020 2358 Views 0 comment Print

Relaxation to the students from undergoing 15 days Class room EDP out of 30 days EDP as mentioned in Regulation 46BB of CS (Amendment) Regulations 2020, if they have completed 15 days Academic Program under Previous training structure.

ICSI Extension of Last date for submitting the training Quarterly report

October 7, 2020 1389 Views 0 comment Print

Institute of Company Secretaries of India ICSI/TRG/2020 07.10.2020 Circular No : 06/2020 Directorate of Training Extension of Last date for submitting the training Quarterly report (2nd and 3rd Quarter) of trainees up to 31.12.2020. This is in continuation to earlier Circular No ICSI/Trg/06/2020 dated 19.06.2020 wherein the last date of submitting the 1st and 2nd […]

Guidelines for CS trainees attending office during Period of Unlock-5

October 7, 2020 540 Views 0 comment Print

This is in continuation to the Circular No. ICSI/TRG/2020 dated 30th March 2020 vide which the CS trainees were allowed to work from home during the lock down period and the outbreak of COVID-19 pandemic. The period was treated as continuity of Practical training since the trainees were instructed to work in accordance with the direction of their trainers.

Procedure of movement of goods under TIR Carnets

October 6, 2020 1551 Views 0 comment Print

Attention of the Importers, Exporters, General Trade and all other stakeholders is invited to PN No. 153/2018 dt. 06.12.2018 issued by the Commissioner of Customs, JNCH read with Central Board of Indirect Taxes & Customs Circular No. 48/2018-Customs dt.03.12.2018 on the above mentioned subject.

CBIC extends RoSCTL scheme validity

October 5, 2020 1608 Views 0 comment Print

CBIC amends notification No.13/2020-Customs dated 14.02.2020 for extending the RoSCTL scheme validity from 31.03.2020 to 31.03.2021 or until such date the RoSCTL scheme is merged with RoDTEP scheme, whichever is earlier. Notification No. 36/2020-Customs Dated:  5th October, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 36/2020-Customs New Delhi, the 5th October, […]

Depreciation on intangible assets transferred by Firm allowable to Company

October 5, 2020 2085 Views 0 comment Print

Section 32(1) of the Act provides for depreciation in respect of trademarks owned wholly or partly by the assessee. In the instant case, the assessee succeeded to the business of the partnership firm, which had trademarks registered in its name. Therefore, the assessee under Section 32(1) of the Act was entitled for depreciation.

ITAT refers back matter of ₹ 3.2 Crore addition for Share premium to AO

October 5, 2020 801 Views 0 comment Print

Fabline Engineers Pvt. Ltd. Vs ITO (ITAT Kolkata) This appeal preferred by the assessee is directed against the order of the Ld. CIT (Appeals) – 7, Kolkata dated 28-02-2018 passed ex parte, whereby he dismissed the appeal of the assessee for non-prosecution. 2. The assessee in the present case is a company, which is engaged […]

Payments to church, police station, summits, schools, etc are not CSR expense

October 4, 2020 8247 Views 0 comment Print

Vedanta Ltd. Vs ACIT (ITAT Delhi) At the very outside, the Tribunal in the case of National Small Industries Corporation Limited 175 ITD 601 has held that amendments made to section 37 of the Act vide Finance Act [No. 2] 2014 are prospective in nature and hence would not be applicable to the period prior […]

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