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Extension of the last date of filing of Form NFRA-2 for FY 2018-19 to 270 days from the date of deployment of the form on the website of NFRA General Circular No. 26/2020 F. No.7/39/2019-CL-IGovernment of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing Shastri Bhawan, …
For exemption of income u/s 10(23FE)-CBDT notifies business engaged in infrastructure sub-sectors mentioned in Updated Harmonised Master List MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 44/2020 New Delhi, the 6th July, 2020 INCOME –TAX S.O. 2227E).—In exercise of the powers conferred by item (b) …
News report of Merger of CBIC and CBDT factually incorrect – Finance Ministry News report of Merger of CBIC and CBDT factually incorrect – Finance Ministry. Government has no proposal to merge two Boards created under the Central Boards of Revenue Act, 1963 The Finance Ministry has rebutted …
Question of right, title, interest is domain of civil court and cannot be decided by NCLT in proceedings u/s 241 and 242- Supreme Court ABCAUS Case Law Citation:ABCAUS 3327 (2020) (07) SC Important case law relied upon by the parties: Sangramsinh P. Gaekwad and Ors. v. Shantadevi P. …
ICAI Technical Guide on Accounting for Expenditure on CSR Activities ICAI has released the Technical Guide on Accounting for Expenditure on Corporate Social Responsibility Activities on 1st July, 2020. This Technical Guide provides guidance on accounting for expenditure on CSR activities in accordance with the requirements of the …
RBI extends timeline for finalization of audited accounts by NBFC In view of the on-going situation and taking in to account the feedback received from various stakeholders, RBI has decided that every applicable NBFC shall finalise its balance sheet within a period of 3 months from the date …
Delay in filing appeal due to assessee not present at his residence and took time in consulting his Counsel condoned by ITAT ABCAUS Case Law Citation:ABCAUS 3326 (2020) (07) ITAT Important case law relied upon by the parties:Collector, Land & Acquisition vs. Mst. Katiji & Others (1987) 167 …
Lack of enquiry in a particular manner or as per procedures prescribed vitiates the assessment only when relevant provisions are applicable. ABCAUS Case Law Citation:ABCAUS 3325 (2020) (07) ITAT In the instant case, the appeal of the assessee was directed against the action of the Pr. CIT …
Judicial Pronouncements under IBC 2016 – 3rd Series by ICAI. The latest judgment incorporated in the publication is dated 03.12.2019. ICAI has released its third series of Judicial Pronouncements under IBC 2016. The Series 1 and Series 2 of the publication were earlier published. The latest judgment incorporated …
Charging of interest on delayed payments to MSMEs in GeM No. F. 6/18/2019-PPDGovernment of IndiaMinistry of Finance Department of Expenditure Procurement Policy Division 512, Lok Nayak Bhawan,New Delhi Dated the 3rd July 2020 OFFICE MEMORANDUM Subject: Prompt payment to suppliers including MSMEs: Charging of interest on delayed payments …
