Month: October 2021
CBDT exempts non residents, foreign company and eligible foreign investors from filing return of income CBDT has exempted the following class of persons from the requirement of furnishing a return of income u/s 139(1) from assessment year 2021-2022 onwards subject to fulfilment of certain conditions: Sl. …
CIT approval u/s 153D in bulk draft assessment orders on a single day held to be mechanical approval vitiating entire proceedings. ABCAUS Case Law CitationABCAUS 3555 (2021) (10) ITAT Important case law relied referred:Shri Navin Jain vs. DCIT In the instant case the assessee had taken an additional …
Period of limitation of Revisional order u/s 263(2) is date of order passed by Commissioner and not date when order is received by assessee – SC ABCAUS Case Law CitationABCAUS 3554 (2021) (10) SC In the instant case, the Revenue had challenged the order passed by the Hon’ble …
CBIC Instruction on Submission of Intimation of Arrest Report & Incident Report F. No. 394/05/2021-Commr. (Inv-Cus) Instruction No. 21/2021-Customs Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes & Customs (Investigation – Customs)******* 10th Floor, Tower-2, Jeevan Bharti Building,Parliament Street, New Delhi-110001.Email: inv-customs@gov.inTel. 011-21400625 …
Notice u/s 148 for reassessment proceedings issued when the company was no longer in existence and was dissolved by the orders of the Registrar of the Companies was invalid – ITAT ABCAUS Case Law CitationABCAUS 3553 (2021) (10) ITAT Important case law relied referred:National Thermal Power Co. Ltd. …
SEBI relaxes procedural matters related to Issues and Listing SEBI vide Circular no. SEBI/HO/CFD/DIL2/CIR/P/2020/78 dated May 6, 2020, granted one time relaxations from strict enforcement of certain regulations of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, pertaining to Rights Issue opening upto July 31, 2020. Based …
RBI latest Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances Reserve Bank of India has issued latest Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances. This Circular replaces earlier Master Circular dated 1st July …
CBDT notifies rules for Indirect transfer prior to 28.05.2012 of assets situate in India Central Board of Direct Taxes (CBDT) has notified the Income-tax (31st Amendment) Rules, 2021. The amendment provides for the rules for the Indirect transfer prior to 28th May, 2012 of assets situate in India. …
Extension of last date of filing CRA-4 cost audit report for FY 2020-21 General Circular No. 15/2021 File No: 01/40/2013-CL-V (Pt.I)GOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A’ Wing Shastri Bhawan,Dr. R.P. Road, New DelhiDated:- 10th September, 2020 ToThe DGCoAThe Cost Audit BranchAll Regional Directors,All Registrars of …
ICAI presents its 72nd Annual Report for the year ended 31st March 2021 ICAI has presented its 72nd Annual Report for the year ended 31st March 2021. The Institute was constituted on 1st July 1949 by an Act of Parliament with about 1,700 members but as on 31st …
