Revision of interest rates for Small Savings Schemes for Q3 of 2022-23 (i.e. from 1st October, 2022 to 31st December, 2022) Interest rates of small saving schemes for the Third quarter of financial year 2022-23 starting from 1st October, 2022 and ending on 31st December, 2022. Small saving schemes includes PPF, NSC, Senior Citizen Savings Schemes, Sukanya Samriddhi […]
Existing Foreign Trade Policy 2015-2020 which is valid up to 30th September, 2022 is extended upto 31st March, 2023 vide Notification No. 37/2015-2020 | Dated: 29th September, 2022.
MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi Public Notice No. 27/2015-2020 | Dated: 29th September, 2022 Subject : Amendment in para 5.15 of Handbook of Procedures 2015-20, related to Export Promotion Capital Goods Scheme – reg. F. No. 18/79/AM-21/P-5.—In exercise of powers conferred under Paragraph 1.03 of […]
Procedure for application/Issuance of Registration Certificate for Import of Fresh (green) Areca Nut under ITC(HS) 0802 80 10 without Minimum Import Price (MIP) condition from Bhutan have been notified. Public Notice No. 25/2015-20 Dated 28th September, 2022. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. […]
This circular shall be applicable to credit ratings of securities that are listed, or proposed to be listed, on a recognized stock exchange, and other credit ratings that are required under various SEBI Regulations or circulars thereunder.
CBIC amends notification No 25/2021-Customs to amend prescribed TRQ for specialty sugar to 30,000 tons vide Notification No. 51/2022–Customs | Dated: 28th September, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 51/2022–Customs | Dated: 28th September, 2022 G.S.R. 736(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the […]
CBDT notifies new Income Tax Application for recomputation of income under sub-section (18) of section 155, Form No. 69 –Application for recomputation of income under sub-section (18) of section 155 and Form No. 70 – Intimation to the Assessing Officer of the payment of tax on income recomputed under sub-section (18) of section 155 vide Notification No. 111/2022 – Income […]
Oragem Exim Private Limited faced penalties from MCA for not maintaining a minute book of general meetings, in violation of Section 119 of Companies Act, 2013. Details of the violation and penalties explained.
In this case AO has not applied his own mind before issuing notice and to arrive at conclusion that assessee has escaped an income and made addition on the basis of report submitted by Investigation Wing. So, Learned AO issued notice purely on borrowed satisfaction. In our considered opinion, in such case addition cannot be made.
Books were never rejected by Assessing Officer and thus business loss cannot be disallowed without taking cognizance of all relevant aspect of matter
