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Export of PPE Kit, 2/3 ply surgical masks, N-95 and equivalent masks allowed DGFT vide Notification No. 29 dated 25.08.2020 has removed restriction on export of PPE medical coveralls & 2/3 ply surgical masks & allowed export of N-95 and equivalent masks under monthly quota. The Notification issued …
IBBI bans Insolvency Professional for three months for appointing unregistered valuer ABACUS Case Law CitationABCAUS 3372 (2020) (08) IBBI In a recent case, Disciplinary Committee of IBBI has banned an Insolvency Professional for a period of three months for appointing unregistered valuer Under regulation 27 of the corporate …
SEBI issues Master Circular for Mutual Funds For effective regulation of the Mutual Fund Industry, Securities and Exchange Board of India (SEBI) has been issuing various circulars from time to time. In order to enable the industry and other users to have an access to all the applicable …
Research and development activity of Covid-19 vaccine, drugs and medical devices brought under CSR Policy of companies MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th August, 2020 G.S.R. 526(E).—In exercise of the powers conferred by section 135 and sub-sections (1) and (2) of section …
Contribution to more R&D activities brought under CSR by amending Schedule-VII of the Companies Act 2013 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th August, 2020 G.S.R.525(E).—In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the …
Special Drive to complete disposal of all un-claimed/un-cleared/seized/confiscated goods due for disposal Instruction No 17/2020-Customs F .No. 450/179/2017- Cus.IVGovernment of India Ministry of Finance Department of Revenue(Central Board of Indirect Taxes and Customs)**** Room 277, North BlockNew Delhi, dated the 10th August, 2020 ToAll Principal Chief Commissioner/Chief Commissioner …
Law does not debar assessee from making a claim which he believes is plausible and knowing that it will be examined by AO ABACUS Case Law CitationABCAUS 3371 (2020) (08) HC Important case law relied upon by the parties:Alpati Venkataramiah v/s. CIT – 57 ITR 185 (SC)Union of …
Second reopening notice u/s 148 issued without completing earlier reassessment proceedings is invalid ABACUS Case Law CitationABCAUS 3370 (2020) (08) ITAT Important case law relied upon by the parties:A.S.S.P. & Co. vs. CIT 172 ITR 274 (Mad)CIT vs. P. Krishnankutty Menon, 181 ITR 237 (Ker)Tao Publishing (P) Ltd. …
Revised guidelines for mandatory personal hearings in virtual mode under GST Customs, Excise Act F.No. 390/Misc/3/2019-JCGovernment of IndiaMinistry of Finance, Deptt of RevenueCentral Board of Indirect Taxes & Customs(Judicial Cell)New Delhi.*** Dated 21 August 2020 INSTRUCTION To1. All Principal Chief Commissioner/ Chief Commissioner (Customs, CGST & Central Excise)2. …
Capital gain to be computed first applying exemption and then provisions for set off of capital loss ABACUS Case Law CitationABCAUS 3369 (2020) (08) ITAT Important case law relied upon by the parties:CIT vs Vijay M. Mahtaney 35 taxmann.com 228 (Mad) In the instant case, the assessee had …
