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Reassessment Notice Issued with approval of JCIT instead of CIT is invalid

April 15, 2022 2460 Views 0 comment Print

Global Associates Vs DCIT (ITAT Bangalore) In the instant case, undisputed fact is that the assessee was not earlier assessed to tax for assessment year 2005-06 and hence no assessment order u/s 143(3) of the Act is available. In that situation, the provisions of section 151(2) of the Act is applicable to the facts of […]

CBIC Chairman releases National Time Release Study, 2022

April 14, 2022 1356 Views 0 comment Print

Shri Vivek Johri, Chairman, Central Board of Indirect Taxes and Customs (CBIC), presented a set of Time Release Studies (TRS) conducted by the department. TRS are essentially a performance measurement tool for assessing the cargo clearance process of the international trade, as recommended by the World Trade Organization (WTO) under the Trade Facilitation Agreement (TFA) […]

Summary of Report of Company Law Committee (2022)

April 14, 2022 8934 Views 0 comment Print

Report of The Company Law Committee (2022) recommends various changes to the Companies Act, 2013 to recognise new concepts, expedite corporate processes, improve compliance requirements, and remove ambiguities from existing provisions. The Report also includes recommendations to enable producer organisations to incorporate under the Limited Liability Partnership Act, 2008. 1. This Report is in pursuance […]

Surrender of certificate of registration of BNP Paribas Mutual Fund

April 13, 2022 474 Views 0 comment Print

BNP Paribas Assets Management Company Private Limited (BNPP AMC) had informed SEBI that they want to surrender the registration granted to BNP Paribas Mutual Fund by SEBI pursuant to change in control.

Tariff Notification No. 33/2022-Customs (N.T.) | Dated: 13th April, 2022

April 13, 2022 2100 Views 0 comment Print

Notification No. 33/2022-CUSTOMS (N.T.) | Dated: 13th April, 2022 – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 33/2022-CUSTOMS (N.T.) | Dated: 13th April, 2022 S.O. 1824(E).—In exercise of the powers conferred […]

Central GST Registration: Proper Officer for approval for physical verification of place of business

April 13, 2022 1941 Views 0 comment Print

Chief Commissioner, State Tax, Rajasthan, hereby, authorise Joint Commissioner /Deputy Commissioner, Central Registration Unit, State Tax, Jaipur for giving approval for physical verification of place of business to the proper officers.

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

April 13, 2022 1431 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 1224 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 651 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 711 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.

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