Month: November 2021
MCA flags DINs of Directors found disqualified for a period of five years Ministry of Corporate Affairs had flagged the DINs of Directors found to be disqualified under sub-section 2(a) of section 164 of the Companies Act, 2013 w.e.f. 1st November 2016 for a period of …
Govt. allows manufacturer of Petroleum/Crude with Centralised billing/accounting one excise registration MINISTRY OF FINANCE(Department of Revenue) Notification No. 02/2021-Central Excise (N.T.) New Delhi, the 10th November, 2021 G.S.R. 787(E).––In exercise of the powers conferred by sub-rule (2) of rule 9 of the Central Excise Rules, 2017, the Central …
CBDT exempts income of Assam Building and Other Construction Workers Welfare Board u/s 10(46) of Income Tax Act 1961 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 10th November, 2021 S.O. 4637(E).—In exercise of the powers conferred by clause (46) of section 10 …
Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2021 Ministry of Corporate Affairs has notified IEPF Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2021. The Form Ni. IEPF-5 of Application to the Authority for claiming unpaid amounts and shares out …
RBI is organising first global hackathon – HARBINGER 2021 to solve the challenges in the payment and settlement landscape Reserve Bank is organising its first global hackathon – “HARBINGER 2021 – Innovation for Transformation” with the theme ‘Smarter Digital Payments’. The Hackathon invites participants to identify and develop solutions …
ITAT can not dismiss appeal ex-parte without addressing merits of issues in appeal- Allahabad High Court ABCAUS Case Law CitationABCAUS 3561 (2021) (11) HC Important case law relied referred:Multiplan India Ltd. 38 ITD 320Estate of Late Tukojirao Holkar vs. vs. CWT 223 ITR 480CIT vs. B. Bhattachargee & …
Govt. revise tenure of Justice (Retd.) Shri A.I.S. Cheema as Judicial Member NCLAT for four years. Shri Venugopal M, Judicial Member, NCLAT to act as Chairperson NCLAT MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 2nd November, 2021 S.O. 4607(E).—In continuation of this Ministry’s notifications S.O. 3855(E) dated …
Expenses allowed in current year though accounted in subsequent year as prior period items and disallowed in computation ABCAUS Case Law CitationABCAUS 3560 (2021) (11) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming disallowance of expenses related to current …
Extension of last date for filing of Cost Audit Report for FY 2020-21 to Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014 The Ministry of Corporate Affairs (MCA) vide General Circular No. 18/2021 dated 29th October 2021 has further extended the …
e-settlement Scheme under Income Tax Act Under section 245D the Central Government is authorised to notify a scheme, for the purposes of settlement in respect of pending applications by the Interim Board, so as to impart greater efficiency, transparency and accountability. Accordingly, CBDT has notified e-Settlement Scheme, 2021 …