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Submission of information pertaining to ‘Unclaimed Non-convertible Securities’

September 7, 2022 1134 Views 0 comment Print

Listed entities are advised to take note of the below notice inter alia advising regarding Submission of information pertaining to ‘Unclaimed Non-convertible Securities’ as on August 31, 2022, as per format given in the attached notice. The aforementioned information is to be submitted to the email ids mentioned in the attached notice latest by September […]

FAQs on SEBI Settlement Scheme, 2022

September 7, 2022 2646 Views 0 comment Print

SEBI Settlement Scheme, 2022 would be applicable in respect of entities that have executed reversal trades in illiquid stock options segment of BSE between April 1, 2014 and September 30, 2015

Piyush Goyal asks CAs all over the world to be ambassadors of Brand India

September 7, 2022 822 Views 0 comment Print

Shri Goyal asks Chartered Accountants all over the world to be ambassadors of Brand India Asks Chartered Accountancy firms in India to develop global partnerships and become international firms Asks Chartered accountants to always do justice to the immense legacy of trust, honesty and high standards left behind by their predecessors Calls upon ICAI to […]

CBIC Clarification on procedure for Disposal of gold

September 6, 2022 13212 Views 0 comment Print

New procedure for disposal of gold, wherein it was envisaged that the seized/confiscated gold (other than ornament/jewellery/articles) shall be transferred to Reserve Bank of India (RBI) through Security Printing and Minting Corporation of India Ltd. (SPMCIL).

Uploading of e-BRC for shipping bills on which RoSCTL scrip availed – Extension upto 30.09.2022

September 6, 2022 2703 Views 0 comment Print

It may be noted that the last date for uploading of all such e-brcs, where RoSCTL scrips have been issued for shipping bills upto 31.12.2020 has been further extended till 30.09.2022

HC set-aside Reassessment Order Passed without Considering Reply of Assessee

September 6, 2022 3858 Views 1 comment Print

Rithala Education Society Vs Union of India (Delhi High Court) In the present case, the significance of issuance of a show cause notice at a stage prior to issuance of a re-assessment notice under Section 148 of the Act has been lost on the respondents inasmuch as the impugned order under Section 148A(d) of the […]

If the Assessee disputes GST Interest Liability then revenue to follow Section 73 or 74 procedure

September 6, 2022 2871 Views 1 comment Print

HC held that that if assessee disputes Section 50 GST interest liability then revenue have to follow specific procedure of Section 73 or 74

SC Orders cannot be treated as Paper Orders & must be followed in true sprit

September 6, 2022 3129 Views 0 comment Print

When an order has been passed by SC, it has to be given effect in letter and spirit & it cannot be permitted to be treated as a paper order.

Reassessment order not based on reasons of Notice is not sustainable

September 6, 2022 2283 Views 0 comment Print

Excel Commodity And Derivative Pvt. Ltd Vs Union of India (Calcutta High Court) The appellant/assessee was issued notice under Section 148A(b) of the Act dated 22nd March, 2022. The sum and substance of the allegation in the notice was that the appellant/assessee has done fictitious derivative transactions with M/s. Blueview Tradecom Pvt. Ltd. The assessee […]

No tax on Compensation for compulsory acquisition of agricultural or non-agricultural Land

September 6, 2022 18018 Views 0 comment Print

No distinction between compensation for compulsory acquisition of agricultural & non agricultural land for income Tax exemption under RFCTLARR Act

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