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Rule of Merit cannot be compromised & obstructed by unreasonable time schedule for admission.

May 17, 2019 2631 Views 0 comment Print

Rajiv Pratap Singh Vs Guru Ghasidas Vishwavidyalaya (Chhattisgarh High Court) The Supreme Court in case of Asha v. Pt. B.D. Sharma University of Health Sciences and others (supra) has held that if the rule of merit is defeated by inefficiency, inaccuracy or improper method of admission, then it can be interfered and otherwise it would […]

GST on conference and exhibition Services to delegates & exhibitors

May 17, 2019 93036 Views 0 comment Print

In re Ms. All Rajasthan Corrugated Board and Box Manufacturers Association (GST AAR Rajasthan) I. The Service provided by the applicant to the delegates and exhibitors is a composite supply and classifiable under Service Code 998596 having Service description ‘Events, exhibitions, conventions and trade shows organizations and assistance services’ as per Annexure: Scheme of Classification […]

GST on construction of Affordable Houses in Mumbai Metropolitan Region

May 17, 2019 1962 Views 0 comment Print

List of metropolitan cities provided in the said clause includes Mumbai (whole of MMR i.e. Mumbai Metropolitan Region) with its respective geographical limits prescribed by an order issued by the Central or State Government in this regard.

5 important tax benefits to be aware of as you apply for a home loan

May 16, 2019 9300 Views 0 comment Print

The Income Tax Act specifies home loan tax benefits pertaining to both the principal and interest component of your loan. These help you save on taxes annually and allow you to finance your home even more affordably. As you apply for a home loan, here are 5 important tax benefits that you need to be aware of.

Unrealized loss due to foreign fluctuation debited to P&L A/c allowable

May 16, 2019 3498 Views 0 comment Print

Pr. CIT Vs Suzlon Energy Limited (Gujarat High Court) Where assessee had debited unrealized loss due to foreign exchange fluctuation in foreign currency transaction on revenue items to its profit and loss account on the last date of accounting year, the same should be allowed as deduction under section 37(1). FULL TEXT OF THE HIGH […]

CA Busy with ICAI Election | ITAT condones Delay

May 16, 2019 1053 Views 0 comment Print

Shri Manoj Dewan Vs ACIT (ITAT Jaipur) We note that though sufficient opportunities were granted by the ld. CIT (A) to the assessees for presenting their cases, however, when the assessee has explained a reasonable cause for not appearing on 20.11.2018 and also filed an application in advance wherein it was stated that the ld. […]

CBIC notifies constitution of GST AAAR in Union territories

May 16, 2019 1119 Views 0 comment Print

Central Government, hereby, notifies the constitution of the Appellate Authority for Advance Ruling in the Union territories- Andaman and Nicobar Islands, Chandigarh, Daman and Diu, Dadra and Nagar Haveli and Lakshdweep vide Notification No. 04/2019-Union Territory Tax MINISTRY OF FINANCE (Department of Revenue) Notification No. 04/2019-Union Territory Tax New Delhi, the 16th May, 2019 G.S.R. […]

Govt amends GST Authority for Advance Ruling in Union territories

May 16, 2019 1398 Views 0 comment Print

Govt amends GST Authority for Advance Ruling in Union territories of Andaman and Nicobar Islands and Dadra and Nagar Haveli vide Notification No. 03/2019-Union Territory Tax.

Format of Certificate of Non-Disqualification of Directors for listed companies

May 16, 2019 7071 Views 0 comment Print

CERTIFICATE OF NON-DISQUALIFICATION OF DIRECTORS (pursuant to Regulation 34(3) and Schedule V Para C clause (10)(i) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015) To, The Members of (Name) (Registered Office) I/We have examined the relevant registers, records, forms, returns and disclosures received from the Directors of_______Limited having CIN _______ and having registered […]

Bombay Public Trusts (Second Amendment) Rules, 2019

May 15, 2019 71565 Views 5 comments Print

These rules may be called the Bombay Public Trusts (Second Amendment) Rules, 2019. 2. In rule 1 of the Bombay Public Trusts Rules, 1951, in sub-rule (1) i.e., in the short title and throughout the principal Rules, for the words and figures Bombay Public Trusts Rules, 1951 the words Maharashtra Public Trust Rules shall be substituted.

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