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ICAI Relaxes CA Inter May 2020 Exam Eligibility for Direct Entry Students

August 27, 2019 2994 Views 2 comments Print

ICAI hereby orders that such students who have registered/applied for Intermediate Course through Direct Entry Route till 30th June, 2019 shall be eligible for admission to the Intermediate examination after completion of six months of Practical Training under Regulation 50 on the first day of the month i.e. May, 2020

Filling up of posts of Judicial and Technical Member in NCLT

August 26, 2019 1044 Views 0 comment Print

Filling up of 06 (six) posts of Judicial Member and 05 (five) posts of Technical Members in the National Company Law Tribunal (NCLT) – inviting online applications for.

Customs duty increase – Effect of notification issued late after BE filed on same day

August 26, 2019 3150 Views 0 comment Print

M/s Rasrasna Food Pvt. Ltd. Vs Union of India & Ors. (Punjab High Court) Observing that the twin conditions of presentation of Bill of Entry and arrival of goods stood complied with on 16-2-2019, prior to the issue of notification dated 16-2-2019 at 8:45 pm raising Customs duty on imports from Pakistan, Punjab & Haryana […]

Suggestions for speedy disposal of matters & effective administration of justice

August 26, 2019 3030 Views 0 comment Print

We desire that in the new India Vision, the role of the judiciary cannot be left behind. As per the newspaper reports, your honour will be addressing the Conference of Chief Justices and Chief Ministers on 1-9-2019. We are making an appeal to your honour to consider the following issues to aid in the speedy disposal of the tax matters before various judicial and quasi-judicial forums and the better administration of justice.

Transfer/Postings (Local Changes) of 35 Additional/ Joint CIT

August 26, 2019 2277 Views 0 comment Print

Order No. 184 of 2019- Transfer/Postings (Local Changes) of the officers in the grade of Additional/ Joint Commissioner of Income Tax-reg. F.No. A-22012/1/2019-Ad-VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 26.08.2019 Office Order No. 184 of 2019 The following transfer/postings (Local […]

HDPE woven tarpaulin not classifiable as textile under GST Tariff Act

August 26, 2019 1419 Views 0 comment Print

In re East Hooghly Agro Plantatron Pvt. Ltd. (GST AAR West Bengal) The HDPE fabric coated/covered with LDPE or LLDPE melt, used for manufacturing the tarpaulin, is not textile material classifiable under Heading 5903. Tarpaulin made from such fabrics of the variety the Applicant supplies, therefore, is not tarpaulin made from textile material, and not […]

Notification No. 38/2019-Customs (N.T./CAA/DRI): Appointment of CAA by DGRI

August 26, 2019 1491 Views 0 comment Print

Notification No. 38/2019-Customs (N.T./CAA/DRI) dated 26th August, 2019: Appointment of CAA by DGRI Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 38/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 26th August, 2019 S.O. 3127(E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number […]

No Deemed Dividend if Assessee was not a Shareholder when amount been advanced

August 24, 2019 1794 Views 0 comment Print

ACIT Vs M/s. Bhaawani Shankar Ginning Factory (ITAT Pune)  The issue in the present ground is with respect to addition u/s 2(22)(e) of the Act. It is an undisputed fact that assessee had received loan from Mahesh Ginning Pvt. Ltd., in which both the partners of the assessee also held 18.19% shares each. We find […]

Failure to make reference to TPO renders TP Adjustments bad in law

August 24, 2019 3765 Views 0 comment Print

In view of the guidelines issued by the CBDT in Instruction 3/2003 the Tribunal was right in observing that by not making reference to the TPO, the Assessing Officer had breached the mandatory instructions issued by the CBDT.

‘Dialyzer’ used in dialysis machine- 5% GST Payable: AAR

August 23, 2019 6597 Views 0 comment Print

In re M/s Nipro India Corporation Private Limited (GST AAR Maharashtra) Question 1. Whether on facts and circumstances of the case, the product Dialyzer be treated as ‘Disposable sterilized dialyzer or micro barrier of artificial kidney’ as mentioned under Entry No. 255 of Schedule I to Notification Number 1/2017-Central Tax (Rate), dated 28 June 2017 […]

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