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Amendment in import policy of Indian National Flag

October 11, 2019 843 Views 0 comment Print

Import of Indian National Flag not adhering to the specifications prescribed under Part – I, Section 1.2 of Flag Code of India, 2002 is Prohibited.

Reg. inclusion of cesses, surcharge, duties in Brand Rate of duty drawback

October 11, 2019 1056 Views 0 comment Print

CBIC Clarification regarding inclusion of cesses, surcharge, duties, etc. levied and collected under legislations other than Customs Act, 1962, Customs Tariff Act, 1975 or Central Excise Act, 1944 in Brand Rate of duty drawback.

Proceedings for winding up pending before Company Court can be transferred to NCLT under IBC

October 10, 2019 6576 Views 0 comment Print

The statutory scheme found in Section 434(1)(c) clearly is that the proceedings for winding up pending before the Company Court could be transferred to the NCLT and there is no provision for transfer of proceedings from the NCLT to the Company Court.

Confiscation of conveyance & goods – Hearing / passing of speaking order mandatory

October 10, 2019 2586 Views 0 comment Print

Sitaram Roadways Vs State of Gujarat (Gujarat High Court) Observing that principles of natural justice were violated by the adjudicating authority, the Gujarat High Court has set aside the order of confiscation of conveyance and goods, earlier found to be not in possession of mandatory documents. The Court noted that petitioner was not afforded opportunity […]

Govt notifies Promotion of IRS Officers

October 10, 2019 9006 Views 0 comment Print

Appointments Committee of the Cabinet (ACC) has approved Empanelment of the following officers for promotion to the grade of Commissioner of Income Tax (CIT) in the Indian Revenue Service (Income Tax) in Level 14 of the Pay Matrix (Rs.144200-218200/-) for the panel years 2017-18 and 2018, w.e.f. the date of assumption of the charge of the post and until further orders

E-Assessment Scheme 2019- Legal Framework, Organisation Structure, NeAC/ReAC Manpower

October 9, 2019 3207 Views 0 comment Print

E-Assessment Scheme 2019 Finance Minister’s Budget Speech 2019 The Hon’ble FM, in her Budget Speech on 5th July 2019 announced: √ Faceless assessment in electronic mode √ With no human interface √ To be launched in 2019 in a phased manner √ Notices to be issued electronically by a Central cell √ Cases to be […]

HC directs release of goods as appellant already paid tax & penalty

October 9, 2019 669 Views 0 comment Print

Siddhabali Stone Gallery Vs State of Gujarat (Gujarat High Court) Considering the documents placed on record which reveal that the petitioner had paid the integrated goods and services tax on the goods in question at the time of import thereof as well as the fact that after the conveyance came to be intercepted, the petitioner […]

Allow ‘ACTIVE non-complaint’ companies to file Form DIR, INC-22 & INC-28: ICSI

October 9, 2019 7788 Views 0 comment Print

ICSI request MCA that the following forms may be  allowed to be recorded by Registrar of Companies even in case of ‘ACTIVE non-complaint’ companies-  DIR-12 (Changes in Director except cessation),  INC-22 (Change in Registered Office) and INC-28 (Amalgamation, de-merger). THE INSTITUTE OF Company Secretaries of India MCA/PD: 2019 October 09, 2019 Shri Injeti Srinivas, MS […]

Appeal cannot be decided by CIT(A) on personal opinion without any material available on record

October 9, 2019 681 Views 0 comment Print

Smt. R. Santha Vs CIT (Madras High Court) There can be no allegation against the assessee of diversion assessee and her husband, who had established the dhall mill and that the assesee is at an advantage in obtaining finished product from her husband’s dhall mill and she will be assured of time delivery of the processed dhall and assured of quality […]

Vyavhaari Ewan Sewa Pradatta Sammaan Yojana-2019

October 9, 2019 840 Views 0 comment Print

The name of the Scheme shall be known as the “Vyavhaari Evam Sewa Pradatta Sammaan Yojana-2019. The Scheme shall be operative from financial year 2019-20 and shall continue till further orders.

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