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Paper on review of Regulatory Provisions related to Independent Directors

March 1, 2021 765 Views 0 comment Print

SEBI Consultation Paper on Review of Regulatory Provisions related to Independent Directors – To solicit public comments / views on the proposals on review of regulatory provisions related to Independent Directors (IDs) on the boards of listed entities.

Cabinet extends tenure of CBDT Chief P C Mody till 31.05.2021

February 28, 2021 1602 Views 0 comment Print

The Appointments Committee of the Cabinet has approved extension in the re-appointment of Shri Pramod Chandra Mody as Chairman, Central Board of Direct Taxes (CBDT), for a further period of three months with effect from 01.03.2021 to 31.05.2021 or until further orders, whichever is earlier.

Notification extending various Income Tax due dates

February 27, 2021 100632 Views 5 comments Print

(a) for imposition of penalty under Chapter XXI of the Income-tax Act, (i) the 29th day of June, 2021 shall be the end date of the period during which the time limit specified in or prescribed or notified under the Income-tax Act falls, for the completion of such action; and (ii) the 30th day of June, 2021 shall be the end date to which the time limit for completion of such action shall stand extended;

Sanction of Pending IGST Refund – GSTR-I & GSTR-3B Mismatch Error

February 27, 2021 972 Views 0 comment Print

Extension of Board’s Circular No. 12/2018-customs dated 29.05.2018 for sanction of pending IGST refund claims where the records have not been transmitted to ICEGATE due to GSTR-I and GSTR- 3B mismatch error

Result of CS Examinations December, 2020- Toppers & Analysis

February 26, 2021 8328 Views 0 comment Print

In Executive Programme (Old Syllabus) examination 15.21 percent of candidates passed in Module – I and 21.28 percent in Module – II, while in Executive Programme (New Syllabus) examination 8.27 percent of candidates passed in Module – I and 15.49 percent in Module – II.

No Section 271(1)(c) Penalty when No Concealment In ITR

February 26, 2021 3837 Views 0 comment Print

Balee Plastics Pvt. Ltd. Vs ITO (ITAT Mumbai) We find that on perusal of page 10 read with page 13 of the factual paper book filed by the assessee comprising of the profit and loss account for the year ended 31/03/2009 and the schedule for the other income thereon, the sum of Rs.3 Crores has […]

Tariff Notification No. 25/2021-Customs (N.T.), Dated: 26.02.2021

February 26, 2021 1272 Views 0 comment Print

Tariff Notification No. 25/2021-Customs (N.T.), Dated: 26.02.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver – reg. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 25/2021-CUSTOMS (N.T.) New Delhi, 26th February, 2021 S.O. 937 […]

SEBI extends facility to conduct meetings of REITs & InvITs unitholders through VC or OAVM

February 26, 2021 711 Views 0 comment Print

It has been decided to extend the facility to conduct meetings of unitholders, through VC or OAVM for REITs/InvITs, as under: a. Annual meetings of unitholders in terms of Regulation 22(3) of SEBI (Real Estate Investment Trusts) Regulations, 2014 and Regulation 22(3)(a) of SEBI (Infrastructure Investment Trusts) Regulations, 2014, (which becomes due in the calendar year 2021) to be conducted till December 31, 2021.

Introduction of Concept of “Accredited Investors” in Indian securities market

February 26, 2021 1884 Views 0 comment Print

The objective of Consultation Paper on Introduction of concept of Accredited Investors in Indian securities market is to seek comments from the public and various stakeholders of the securities market, on the proposal to introduce the concept of Accredited Investors in the Indian securities market.

Under CGST Act delay cannot be condoned after expiry of 30+30 days period

February 26, 2021 6708 Views 1 comment Print

N.M.D.C. Vs Authority For Advance Ruling (Karnataka High Court) It is provided categorically under the CGST Act that no delay can be condoned after expiry of 30 + 30 days period. No such contingency was involved in the aforesaid case. Not only this, the doctrine of merger is not applicable in the facts and circumstances […]

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