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Relaxations in Point of Sales- Life Insurance Master Circular

December 29, 2020 504 Views 0 comment Print

Insurance Regulatory and Development Authority Ref: IRDAI/Life/Cir/MISC/302/12/2020 29th Dec 2020 This has reference to the Master Circular on Point of Sales Products and Persons — Life Insurance Ref: IRDAI/Life/Cir/M ISC/215/12/2019 dated 2nd December 2019. On consideration of representations received from Life Insurers, the following relaxations/modifications are allowed with immediate effect. Annexure II (a) – Pure […]

Engagement of Research Associates in Law/Economics/Public Policy in IBBI on Contract Basis

December 29, 2020 1527 Views 0 comment Print

IBBI invites applications from eligible candidates for engagement as Research Associates on contract basis to assist the Board in discharge of its functions under IBC, 2016 in the following disciplines:

Food Safety and Standards (Food Products Standards and Food Additives) Tenth Amendment Regulations, 2020

December 29, 2020 1638 Views 0 comment Print

(1) These regulations may be called the Food Safety and Standards (Food Products Standards and Food Additives) Tenth Amendment Regulations, 2020. (2) They shall come into force on the date of their publication in the Official Gazette and Food Business Operator shall comply with all the provisions of these regulations by 1st July, 2021 except for the provisions as specified therein.

Countervailing/Anti-subsidy investigation on imports of Clear Float Glass originating in or exported from Malaysia

December 29, 2020 879 Views 0 comment Print

(CASE No. CVD 04/2019) Countervailing/Anti-subsidy investigation on the imports of Clear Float Glass originating in or exported from Malaysia.

No Section 68 addition if Assessee under Presumptive Scheme not maintains Books

December 28, 2020 2544 Views 0 comment Print

Dineshkumar Verma Vs ITO (ITAT Mumbai) Under the provisions of section 44AD of the Act, where the assessee is engaged in eligible business and has total turnover or gross receipts in the previous year not exceeding Rs.60,00,000/-, the assessee is eligible to file return of income on the basis of presumptive income @ 8% of […]

Section 115JB applies to banking companies after 2012 amendment

December 28, 2020 2358 Views 0 comment Print

Bank Of India Vs ACIT (ITAT Mumbai) We find that Section 11 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, provides that ‘for the purposes of the Income Tax Act, 1961, every corresponding new bank shall be deemed to be Indian company and a company in which public is substantially interested’. This […]

IRDAI: De-notification of All India Fire Tariff, 2001 for certain risks

December 28, 2020 8256 Views 0 comment Print

This notification issued in terms of Section 64 ULA (1) of the Insurance Act, 1938 provides for de-notification of the rates, advantages and terms and conditions laid down by the Tariff Advisory Committee under Section 64 UC of the said Act which were deemed to continue to be in force until such de-notification.

IRDAI notifies Obligatory Cession for financial year 2021-22

December 28, 2020 1497 Views 0 comment Print

Obligatory Cession for the financial year 2021-22- This notification shall be applicable to Indian Re-insurers and other applicable insurers as per the provisions of Section 101A of the Insurance Act, 1938.

Weekly newsletter from Chairman, CBIC dated 28.12.2020

December 28, 2020 744 Views 0 comment Print

For a quick recap of the year, our commitment to the trade and industry to move to a ‘Faceless. Paperless. Contactless’ environment, even before the advent of Covid- 19. had given us a head start.

Anti-circumvention investigation on imports of ‘Cold-Rolled Flat Products of Stainless Steel’

December 28, 2020 657 Views 0 comment Print

FINAL FINDINGS: Anti-circumvention investigation concerning imports of Cold-Rolled Flat Prod-ucts of Stainless Steel originating in or exported from China PR, Korea, European Union, South Africa, Taiwan, Thailand and USA remanded by Hon’ble CESTAT through Order no. 51204-51205/2019 dated 12.9.2019.

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