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Concealment Penalty cannot be levied on rejection of a bonafide claim. Even assessee with great expertise could make silly mistake ABCAUS Case Law Citation:ABCAUS 3337 (2020) (07) ITAT Important case law relied upon by the parties:Price Waterhouse Coopers (P) Ltd vs. CIT 348 ITR 306 SCCIT vs. Somany …
Penalty proceedings initiated on one limb and penalty imposed on two limbs invalid ABCAUS Case Law Citation:ABCAUS 3336 (2020) (07) ITAT Important case law relied upon by the parties:Shri Narendra P. Musale vs. ITOCommissioner of Income Tax Vs. Samson Perinchery 392 ITR 4 In the instant case, …
IRDAI allows Insurance Companies to offer Corona Kavach Policy group Insurance product Corona Kavach Policy group Insurance Recenlty, IRDAI had mandated all the general and health insurance companies to offer Individual Covid Standard Health product, “Corona Kavach Policy”. Now, IRDAI, with immediate effect, has allowed the Insurance Companies …
Income of Tamil Nadu e-Governance Agency Exempted for five years from AY 2019-20 to 2023-24 u/s 10(46) of Income Tax Act, 1961 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 50/2020 New Delhi, the 21st July, 2020 S.O. 2403(E).—In exercise of the powers conferred by …
CBIC & CBDT sign MoU to exchange data and information on automatic, regular basis and also on request and spontaneous basis CBIC & CBDT sign MoU Ministry of Finance Press Release CBIC & CBDT sign MoU to facilitate smoother bilateral exchange of data A Memorandum of Understanding …
Review of Stress Testing Methodology for Positions with Early Pay-in CCs permitted to consider ‘margin exemption granted’ or ‘value of early paid-in goods Securities & Exchange Board of India CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2020/128 July 21, 2020 To, The Managing Directors / Chief Executive Officers,All Clearing Corporations having Commodity Derivatives Segment …
Filing Form GSTR-4 Annual Return by Composition Taxpayers enabled on GST Portal Filing Form GSTR-4 enabled 1. What is Form GSTR-4 Annual Return😕 With effect from 1st April, 2019, all Composition Taxpayers are required to file Form GSTR-4 Annual Return, on annual basis, for each financial year. 2. Who are required to file …
Review of existing Customs exemption notifications and Customs laws and procedures – Suggestions invited online from the public Review of existing Customs exemption notifications and Customs laws and procedures Govt. has invited online Suggestions from the public on MyGov portal on review of existing Customs exemption notifications and …
Eligibility Criteria for Selection of Underlying Commodity Futures for Options on Commodity Futures Securities and Exchange Broad of India CIRCULAR SEBI/HO/CDMRD/DNPMP/CIR/P/2020/125 July 20, 2020 To,The Managing Directors / Chief Executive OfficersAll Recognized Stock Exchanges having Commodity Derivatives Segment Dear Sir / Madam, Sub: Eligibility Criteria for Selection of …
Framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments Securities and Exchange Board of India CIRCULAR SEBI/HO/MRD2/DCAP/CIR/P/2020/127 July 20, 2020 ToAll Recognized Stock Exchanges and Clearing Corporations (except Stock Exchanges and Clearing Corporations in International Financial Services Centre) Dear Sir /Madam …