Day: January 19, 2021

Waiver of bank guarantee for Transhipment of Import & Export Cargo via Sri Lanka and Bangladesh

  Waiver of bank guarantee for Transhipment of Import & Export Cargo via Sri Lanka and Bangladesh Circular No.01/2021-Customs   F.No.450/96/2020-Cus-IVGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and Customs****** North Block, New DelhiDated the14thof January, 2021   To All Principal Chief Commissioners/Chief Commissioners of …

Deduction u/s 80P allowable despite loans by co-operative societies to members not related to agriculture

Deduction u/s 80P(2)(a)(i) allowable despite loans by co-operative societies to members not related to agriculture.  ABCAUS Case Law CitationABCAUS 3440 (2021) (01) SC Important case law relied referred:Chirakkal Service Co-operative Bank Ltd. v. CIT (2016) 384 ITR 490 (Ker.)Perinthalmanna Service Co-operative Bank Ltd. v. ITO and Anr.(2014) 363 …