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E-way Bill – A Journey of Three Years

April 19, 2021 5163 Views 0 comment Print

Milestones Apr 2018 – Launch of EWB for Interstate Jun 2018 – Launch of EWB for Intrastate April 2019 Pin-pin distance calculation Dec 2019 Blocking of EWB for non-filers Dec 2019 100 Crore EWB generated Mar 2020 Integration with VAHAN system Apr 2020 Covid 19 Related Reports Oct 2020 Integration with e-Invoice System Jan 2021 […]

Government of Maharashtra notifies SOPs for long distance trains

April 18, 2021 747 Views 0 comment Print

All passengers to compulsorily wear masks in a proper fashion throughout the journey and at the railway stations. All passengers to maintain proper social distancing while boarding/ alighting from the trains or when getting tested/ checked at the stations when needed. Thermal scanners to be made available at entry/ exit points at all stations.

Government of Maharashtra Notifies Sops For Micro Containment Zones

April 18, 2021 729 Views 0 comment Print

This SOP is intended to lay down controls or measures for confinement of infection to designated areas and stop its spread beyond its boundary i.e. to break the chain of transmission and thus prevent its further spread.

MHA Letter to States to Prohibit Supply of Oxygen to Industry

April 18, 2021 534 Views 0 comment Print

It has recommended to prohibit the supply of Oxygen for industrial purposes by manufacturers and suppliers forthwith from 22.04.2021 till further orders, with the exception of nine specified industries.

IRDAI fines Bajaj Allianz General Insurance Company Ltd.

April 17, 2021 1020 Views 0 comment Print

The inspection, inter-alia, revealed that the insurer had been transacting motor insurance business through certain Automobile Dealers without appointing them as Motor Insurance Service Providers (MISP) to distribute and/ or service motor insurance policies. Based on the motor insurance premium register for the period 1st November, 2017 to 31st January, 2018, submitted by the insurer during the inspection, it was observed that the insurer had transacted the insurance business through automobile dealers who were not appointed as MISPs.

Exchange difference as on date of balance sheet is allowable

April 16, 2021 750 Views 0 comment Print

HSBC Electronic Data Processing India P Ltd Vs ACIT (ITAT Hyderabad) Section 37(1) is a residuary section extending the allowance to items of business expenditure not covered by Sections 30 to 36. This Section, according to the learned Author, covers cases of business expenditure only, and not of business losses which are, however, deductible on […]

ITAT Quashes Ex-Parte Assessment without notice for hearing to Assessee

April 16, 2021 2499 Views 0 comment Print

Blackberry Tradecom Pvt. Ltd Vs ITO (ITAT Kolkata) We find that the ld. CIT(A) has passed an ex-parte order as the assessee had not responded to the notices of hearing on 09.03.2017 and 14.03.2017. The AO also passed an order u/s 144 of the Act. The ld. Counsel for the assessee submits that notice of […]

ITAT grants stay to Dell International till 30.09.2021

April 16, 2021 339 Views 0 comment Print

Dell International Services India Pvt. Ltd. Vs ACIT (ITAT Bangalore) We find that the appeals were listed for hearing and adjourned and the delay for non-disposal of the appeals is not attributable to the assessee. Considering the overall facts and circumstances of the case and following the decision rendered by Hon’ble Delhi High Court in […]

IRDAI fines ‘Liberty General Insurance Limited’ for violating MISP Guidelines

April 16, 2021 918 Views 0 comment Print

Insurance Regulatory And Development Authority of India  Ref: IRDA/NL/ORD/MISC/91/04/2021 Order in the matter of M/s Liberty General Insurance Limited. Based on the (i) Show Cause Notice (SCN) reference no. IRDAI/NL/Liberty/ SCN/207/2020-21 dated 29th September, 2020 in connection with onsite inspection by Insurance Regulatory and Development Authority of India (the Authority or IRDAI) from 30th July, […]

Consideration of matters by committee of creditors on committee members request

April 16, 2021 402 Views 0 comment Print

Regulation 18 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) provides that a resolution professional (RP) may convene a meeting of the committee of creditors (CoC), when he considers it necessary. He shall, however, convene a meeting of the CoC, if a request to that effect is made by members of the CoC representing 33% of the voting rights.

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