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HC Quashes second Provisional attachment order which was passed 4 days after Quashing of First order

April 13, 2022 1248 Views 0 comment Print

The petitioner’s grievance, as noted above, is that immediately, after this Court had quashed the earlier provisional attachment order on 22.03.2021, a fresh order was passed on 26.03.2021.

Reassessment after 4 years not valid If Assessee Made Full & True Disclosure during original assessment

April 13, 2022 987 Views 0 comment Print

Ranjana Aggarwal Vs ITO (ITAT Delhi) When the original assessment is completed u/s 143(3) and the reassessment proceedings have been initiated after a period of 4 years from the end of the relevant assessment year and there is no allegation of any failure on the part of the assessee to disclose fully and truly all […]

Oriental Fire and General Insurance Company Limited (Merger) Amendment Scheme, 2022

April 13, 2022 408 Views 0 comment Print

(1) This Scheme may be called the Oriental Fire and General Insurance Company Limited (Merger) Amendment Scheme, 2022. (2) It shall come into force on the date of its publication in the Official Gazette.

National Insurance Company Limited (Merger) Amendment Scheme, 2022

April 13, 2022 507 Views 0 comment Print

(1) This Scheme may be called the National Insurance Company Limited (Merger) Amendment Scheme, 2022. (2) It shall come into force on the date of its publication in the Official Gazette.

United India Fire and General Insurance Company Limited (Merger) Amendment Scheme, 2022

April 13, 2022 459 Views 0 comment Print

(1) This Scheme may be called the United India Fire and General Insurance Company Limited (Merger) Amendment Scheme, 2022. (2) It shall come into force on the date of its publication in the Official Gazette.

Filing of patents increases by more than 50% in the last 7 years

April 12, 2022 582 Views 0 comment Print

For the first time in 11 years, the number of domestic patent filing surpasses the number of international patent filing in India during Jan-Mar 2022 Shri Piyush Goyal appreciates consistent efforts made by DPIIT to strengthen the IPR regime in India The coordinated efforts by Department for Promotion of Industry and Internal Trade (DPIIT) and […]

Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022

April 12, 2022 16620 Views 0 comment Print

(1) These rules may be called the Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.

GST on Composite supply of works contract involving predominantly earth work

April 12, 2022 3153 Views 0 comment Print

In re Mahalakshmi BT Patil Honai Construction (JV) (GST AAR Maharashtra) The first question raised by the applicant is whether the impugned contract is covered under the term ‘Earth Work’ and therefore covered under SI No 3A- Chapter No. 9954 as per Notification No. 12/2017-C.T. (Rate) dated 28.06.2017, as amended by Notification No. 2/2018-C.T. (Rate) […]

‘Anna Malai Mithai’ classifiable under HSN 2106 90 as ‘Sweetmeat’

April 12, 2022 5238 Views 0 comment Print

In re Anand Products (GST AAR Madhya Pradesh) Whether the product ‘Anna Malai Mithai’, manufactured and supplied by the applicant containing the ingredients Sugar, Vegetable Fat, Skimmed Milk Powder, Whey Powder, Emulsifier and other permitted Flavour’s, which is identical to the commonly known Indian sweet ‘Rabdi’, should be classified under the Tariff Heading 2106 as […]

Peer Review Mandate – Roll Out – (Revised)

April 12, 2022 2748 Views 0 comment Print

It was clarified that holding a valid Peer Review certificate by Practice Units (referred to as ‘firms’ in the Announcement dated 12.02.2022) should be a pre requisite for undertaking audit of all entities falling under phase I; II; III and IV of the mandate from respective dates of mandate becoming operative.

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