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Procedure for import of 250K MT of Urad & 100K MT of tur from Myanmar under MoU

September 6, 2021 597 Views 0 comment Print

2,50,000 MT of Urad and 1,00,000 MT of tur to be imported from Myanmar, during the fiscal year 2021-22 is allowed for import, subject to the following conditions: a. Import will be allowed only through the following 5 ports: (i) Mumbai, (ii) Tuticorin, (iii) Chennai, (iv) Kolkata and (v) Hazira.

Procedure for import of 50k MT of pigeon peas from Malawi under MoU

September 6, 2021 1110 Views 0 comment Print

50,000 MT of tur (pigeon peas) to be imported from Malawi, during the fiscal year 2021-22 is allowed for import, subject to the following conditions: a. Import will be allowed only through the following 5 ports: (i) Mumbai, (ii) Tuticorin, (iii) Chennai, (iv) Kolkata and (v) Hazira

GST on PMC services to RUDSICO under Towns Development Sector Project

September 6, 2021 1362 Views 0 comment Print

In re Consulting Engineers Group Limited (GST AAR Rajasthan) Q. Whether the ‘Project Management Consultancy’ services provided to Rajasthan Urban Drinking Water Sewerage and Infrastructure Corporation (RUDSICO) under Rajasthan Secondary Towns Development Sector Project, where Invoice is raised by the Applicant to the Leading Member, who further raise invoice to RUDSICO of complete amount, can […]

Draft Food Safety and Standards (Prohibition and Restrictions on Sales) Amendment Regulations, 2021

September 6, 2021 759 Views 0 comment Print

These regulations may be called the Food Safety and Standards (Prohibition and Restrictions on Sales) Amendment Regulations, 2021.

Competition Commission of India (General) Amendment Regulations, 2021

September 6, 2021 2100 Views 0 comment Print

(1) These regulations may be called the Competition Commission of India (General) Amendment Regulations, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

Hiring of certain machineries from sister concern not amounts to transfer for Section 80J(4)(ii)

September 5, 2021 936 Views 0 comment Print

The decision of the Hon’ble Supreme Court in Bajaj Tempo Ltd. (supra), was followed in CIT vs.Nayyars Minerals Export (P.) Ltd. reported in (1998) 231 ITR 864 (HP), wherein it was held that hiring of certain machineries from sister concern would not amount to transfer as provided under Section 80J(4)(ii) of the Act.

Permitting Non timely disposal of RTI Application Would Defeat Purpose of RTI Act

September 5, 2021 1179 Views 0 comment Print

Cradle Life Sciences Pvt Ltd Vs Union of India (Delhi High Court) 1. The present petition has been preferred with a short grievance that despite repeated requests, neither the petitioner’s Right to Information (RTI) applications, nor the appeal preferred by it, are being decided by the respondent no.2. 2. Issue notice. Mr. Dev P. Bhardwaj […]

Interest not Payable for Shortfall in TDS for cancellation of TDS certificate without intimation to deductor

September 5, 2021 1050 Views 0 comment Print

Integlobe Aviation Ltd. Vs ITO (ITAT Delhi) The Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that the bonafide assessee is not liable to pay the interest on the amount of shortfall in tax deducted at source (TDS). The Assessee, M/s. Interglobe Aviation Ltd. claimed that short deduction in case of M/s. Federal Travel […]

MP High Court Stays RBI Circular For Controlling Urban Cooperative Banks

September 4, 2021 2454 Views 0 comment Print

Mahanagar Nagrik Sahakari Bank Maryadit Vs Union of India And Others (Madhya Pradesh) Reserve Bank of India Circular Dated 25th June 2021; related to RBI control over Urban Co-Operative Banks; Stayed by Hon’ble MP High Court Jabalpur. While hearing a writ petition challenging constitutionality of Banking Regulation (Amendment) Act, 2020, and consequential Circular dated 25 […]

Check Linking of PAN with Aadhaar for new Account Opening: SEBI

September 3, 2021 795 Views 0 comment Print

Securities and Exchange Board of India Press Release No. 27/2021 Linking of PAN with Aadhaar 1. As per Central Board of Direct Taxes (CBDT) notification G.S.R 112(E) dated February 13, 2020, the Permanent Account Number (PAN) of a person allotted as on July 01, 2017 shall become inoperative if it is not linked with Aadhaar […]

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