Measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country. The following trends in India’s Foreign Direct Investment are an endorsement of its status as a preferred investment destination amongst global investors:
Karnataka Rural Infrastructure Development Limited Vs T.P. Nataraja & Ors. (Supreme Court of India) After Considering it’s earlier decisions on the subject, the Hon’ble Supreme Court, in the case of summarised the law on change of date of birth as under: (i) application for change of date of birth can only be as per the […]
CBIC rescinds Notification No. 11/2016-Customs (ADD) dated 29th March, 2016 vide Notification No. 52/2021-Customs (ADD) Dated: 22nd September, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 22nd September, 2021 Notification No. 52/2021-Customs (ADD) G.S.R. 649(E).—In exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act, […]
The exit/withdrawal norms of the Subscribers are defined by PFRDA (Exits and Withdrawals under NPS) Regulations, 2015 and its amendments. As per regulatory mandate, there are certain predefined conditions which fulfill the norms of exit viz premature exit, normal exit and exit due to unfortunate death of the Subscriber.
In Income tax notification number 112/2021 dated the 16th September, 2021, published vide number S.O. 3801(E) dated the 16th September, 2021 in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii), at page 3, in line 9 and 10, for 276522 Ontario Limited read 2726522 Ontario Limited.
K. Ramesh Reddy Vs ACIT (ITAT Bangalore) In this case on 30.11.2006, when the assessment was made, the HUF was not in existence. In such a case, the procedure prescribed under Section 171 will have no application as the assessee was not hitherto assessed as HUF and so, the fiction created under that section to […]
Notification No. 34/2021-Customs (N.T./CAA/DRI) [S.O. 3917 (E).], Dated: 20.09.2021 | Appointment of Common Adjudicating Authority MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence ) New Delhi, the 20th September, 2021 Notification No. 34/2021-Customs (N.T./CAA/DRI) S.O. 3917 (E).— In pursuance of notification No. 60/2015-Customs (N.T.), published vide […]
In view of the continuing situation of Covid 19 pandemic, it is decided by the Authority to further extend the exemptions granted vide the above referred Circulars up to 31/03/2022.
CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 17th September, 2021, vide Notification No. 74/2021 – Customs (N.T.) | Dated: 16th September, 2021 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 74/2021 – Customs (N.T.) New Delhi, dated […]
Anand Automotive challenges service tax demand. Delhi CESTAT order analysis. Legal insights by Anand Bhattacharya. Ruling on BSS category.
