The tide up grants for a specific purpose would only mean that the assessee which was voluntarily organization, had agree to act as a trustee of a special fund granted by the donor with the result that it need not be pooled or integrated with the assessee is normal income or corpus.
State Bank of India (SBI), in the XVIII Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches ( as per list enclosed) w.e.f. 01.10.2021 to 10.10.2021.
Competent Authority appointed under FEMA has confirmed the seizure order of Rs. 5551.27 Crore dated 29.04.2022 passed by the ED against Xiaomi Technology India Private Limited under the provisions of FEMA. Press Release – 30.09.2022 The Competent Authority appointed under Section 37A of the Foreign Exchange Management Act has confirmed the seizure order of Rs. 5551.27 […]
ED has freezed bank account balance to the tune of Rs. 21.14 Crore, of M/s OctaFX and related entities in the case of Illegal Online Forex Trading through International Brokers namely OctaFx Trading App and website www.octafx.com under FEMA. Press Release – 29.09.2022 Directorate of Enforcement (ED) has freezed Account balance to the tune of Rs. […]
ED has carried out search operation and freezed account balances of Rs. 9.82 Crore of various Chinese controlled entities in respect of an investigation relating to the misuse of App-based token named ‘HPZ’ and other similar applications by several entities. Total freezing in this case now stands at Rs. 56.49 Crore. Press Release – 29.09.2022 Directorate […]
ED has conducted searches in 3 premises pertaining to M/s Coda Payments India Pvt Ltd in connection with an ongoing investigation under PMLA, 2002 Press Release – 27.09.2022 Directorate of Enforcement (ED) has conducted searches in 3 premises pertaining to M/s Coda Payments India Pvt Ltd in connection with an ongoing investigation under Prevention of Money […]
Office Order No.212 of 2022 Transfer/postings of 343 officers in the grade of Commissioners of Income Tax/Directors of Income Tax (CIT/DIT) F.No. A-22011/5/2022-Ad-VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Office Order No. 212 of 2022 | Dated: 30.09.2022 The following transfer/postings […]
Gujarat State Electricity Corporation Ltd. Vs DCIT (ITAT Ahmedabad) During the course of assessment, the Assessing Officer has noticed that assessee has accounted interest expenses twice of Rs. 11.90 crores, therefore, the same was disallowed and also levied penalty of Rs. 1,46,48,271/- u/s. 271(1)(c) of the act on the combined amount of disallowance u/s. 14A and […]
Notification No. 86/2022- Customs (N.T.) | Dated: 30th September, 2022 in relation to Land Customs Stations and routes ‘the pipeline of M/s Numaligarh Refinery Ltd. connecting NRL Siliguri Marketing Terminal in India to Parbatipur in Banlgadesh’ as a route of Phulbari LCS by amendment of Principal Notification No. 63/1994-Customs (N.T.) dated 21st November, 1994 GOVERNMENT […]
Every small company not employing a whole time CS U/s. 203(1) of companies Act to file with ROC a certificate from a CS in Form no. MGT
