Month: July 2019
SC uphelds validity of rule 6(4)(m)(i) of Karnataka Sales Tax Rules read with Explanation III to Rule 6(4) ABCAUS Case Law Citation: ABCAUS 3044 (2019) (07) SC Important Case Laws Cited/relied upon by the parties: E.C.I.E. Pvt. Ltd. vs. Additional Deputy Commissioner, Commercial Taxes (Kar.) and Another 1999(114) …
The Companies (Significant Beneficial Owners) second Amendment Rules, 2019. Revised Form BEN-2 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st July, 2019 G.S.R. 466(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with section 90 of the Companies Act, 2013 (18 …
Last date for filing NFRA-1 Form is 31.07.2019 as Form is deployed on the website of NFRA National Financial Reporting Authority 8th Floor Hindustan Times Building, K.G. Marg New Delhi Ph-011-23355013 No. NF-11/1/2019-O/o Secy-NFRA Dated 01.7.19 To, 1. All RDs 2. All ROCs 3. All Stake holders Reference : …
CBDT to reverse assessment proceedings completed based on controversial Circular 10/2018 on the subject of applicability of section 56(2)(viia) Central Board of Direct Taxes had issued Circular 10/2018 dated 31.12.2018 to clarify that provisions of section 56(2)(viia) of the Income-tax Act, 1961 being anti-abuse provisions shall not be …
Taxability of works contract of dredging river-bed. Such supply is exempt with effect from 24/01/2018 ABCAUS Case Law Citation: ABCAUS 3043 (2019) (07) AAR The State Construction Corporation Limited (the recipient) had awarded the applicant a contract for sectioning of rivers (Right Drainage) in the State. The Applicant …
Letter of Allotment can not be considered as agreement to sale by any stretch of imagination. ITAT upheld addition u/s 56(2)(vii)(b) of the Income Tax Act. ABCAUS Case Law Citation: ABCAUS 3042 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties: Babulal Shambhubhai Rakholia v. ACIT …
RBI opens third office of the Ombudsman at New Delhi As announced in the Monetary Policy Statement of December 5, 2018, the Reserve Bank of India (RBI) had launched the Ombudsman Scheme for Digital Transactions (OSDT) on January 31, 2019. The Reserve Bank has set up a third …