Month: August 2020
MCA relaxes dispatch of notice u/s 62(2) of Companies Act, 2013 by listed companies for rights issues opening upto 31st December, 2020 inability to dispatch the relevant notice to shareholders through registered post or speed post or courier would not be viewed as violation of section 62(2) of …
All Faceless e-Assessments are expected to be completed by mid-September 2020 – MoF As per the press release issued today by of Ministry of Finance, the Income Tax Department is hoping to complete all Faceless e-Assessments by mid-September 2020. The scheme of Faceless Assessment was announced by the …
ICAI to open Additional Examination Centres in view of Covid-19 Pandemic. Uttar Pradesh, Bihar and Madhya Pradesh tops the list with maximum centres ICAI, in view of the COVID-19 pandemic has decided to open Additional Examination Centres subject to sufficient number of candidates offering themselves to appear. The …
Grievance Resolution between listed entities and proxy advisers. Listed entities may approach SEBI to examine non-compliance with Code of Conduct Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD1/CIR/P/2020/119 August 04, 2020 All listed entities that have listed their specified securitiesAll Recognized Stock Exchanges Madam / Sir, Subject: Grievance …
SEBI Procedural Guidelines for Proxy Advisors related to disclosure, sharing of information and communication with clients. Securities & Exchange Board of India CIRCULAR SEBI/HO/IMD/DF1/CIR/P/2020/147 August 3, 2020 All SEBI registered Proxy Advisors Sir / Madam Subject: Procedural Guidelines for Proxy Advisors 1. Regulation 24(2) read with 23(1) of …
Treating expenses bogus without appreciating replies received u/s 133(6) unfair. AO always expected to examine replies of the recipients of such expenditure. ABACUS Case Law CitationABCAUS 3355 (2020) (08) HC In the instant case, the assessee had filed the Writ Petition under articles 226 and 227 of the …
Penalty 271(1)(b) deleted as assessee had furnished medical certificate of treatment for depression and AO did not bring anything against the evidences of ill-health. ABACUS Case Law CitationABCAUS 3354 (2020) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming …
Filing Income Tax Form with scanned signature held only procedural defect and curable in nature. ITAT allowed Form 35A filed with DRP. ABACUS Case Law CitationABCAUS 3353 (2020) (08) ITAT Important case law relied upon by the parties:MSM Satellite (Singapore) Pvt. Ltd. vs. JDIT In the instant case, …
Delay in Appeal against TDS CPC order downloaded after two years condoned as the order was never served on assessee ABACUS Case Law CitationABCAUS 3352 (2020) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the late fee for …
Extension of transitional provisions of Sea Cargo Manifest and Transhipment Regulations 2018 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 66/2020-Customs (N.T.) New Delhi, the 31st July, 2020 G.S.R.486(E).—In exercise of the powers conferred by section 157, read with sections 30, 30A, 41, …