Author: administrator
Limitation period for making application for initiation of CIRP is three years from date of default. IBC not a money recovery legislation for creditors – SC ABACUS Case Law CitationABCAUS 3365 (2020) (08) SC Important case law relied upon by the parties:B. K. Educational Services Pvt. Ltd. vs. …
Depreciation disallowed on VAT portion of capital goods suspected to be purchased from grey market ABACUS Case Law CitationABCAUS 3364 (2020) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming disallowance of depreciation on capital assets purchased and used …
ICAI releases Frequently Asked Questions for May/November 2020 CA Exams. Students have to fill fresh examination Forms for next exams to be held in November 2020. ICAI, in view of the Covid-19 situation, had cancelled May 2020 Examinations and merged the May 2020 attempt with November 2020 Examinations …
CBDT reconstitutes Regional e-Assessment Centers. Read list of Income-tax Authorities for 30 reconstituted ReACs F. No 187/3/2020 ITA-1Government of India Ministry of FinanceDepartment of RevenueCentral Board of Direct Taxes (ITA Division)******* North Block, New Delhi – 110001Dated the 13th August, 2020 Office Order -2 Subject: Setting up / …
CBDT Guidelines for implementation of Faceless Assessment Scheme 2019 In view of the Faceless Assessment Scheme, 2019 and subsequent notification for the National e-Assessment Center (NeAC) and various Regional e-Assessment Centers (ReACs) across 20 cities. CBDT has issued a detailed guidelines for the implementation of the Scheme and …
Shri GP Garg takes charge as Executive Director, SEBI Shri G P Garg took charge as Executive Director in SEBI on August 13, 2020. Prior to his promotion as Executive Director, Shri Garg was Chief General Manager in SEBI and has handled several important assignments in SEBI since …
CBDT makes massive restructuring in jurisdiction of Income tax Authorities After announcement of Indian Taxpayers Charter and Faceless Assessment from 13.08.2020, the CBDT has made massive changes /restructuring in the jurisdiction of Income tax Authorities Restructuring in jurisdiction of Income tax Authorities (1) CBDT Notification No. 62/2020 Changes …
CBDT diverts IRS in the grade of PCIT, CCIT, CIT to newly created NeAC Delhi and ReACs, re-designates earlier created posts. Read CBDT Order CBDT has diverted 159 existing posts in the grades of CCIT, PCIT and CIT India Revenue Service (IRS) to the newly created National e-Assessment …
Handling of SCORES complaints by stock exchanges and Standard Operating Procedure for non-redressal of grievances by listed companies CIRCULAR SEBI/HO/OIAE/IGRD/CIR/P/2020/152 13 August, 2020 To,All companies whose securities are listed on SEBI recognized Stock Exchanges (through Stock Exchanges)All Recognized Stock ExchangesAll DepositoriesAll Investor Associations Dear Sir/ Madam, Sub: Investor …
E-assessment Scheme 2019 now renamed as Faceless Assessment Scheme 2019 E-assessment Scheme 2019 has now been renamed as Faceless Assessment Scheme 2019. Today, CBDT vide order 119 had directed that from 13.08.2020 all assessment shall be faceless and orders to be passed by the National e-Assessment Centre. These …