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Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2020 2nd June, 2020 Corporate Insolvency The Insolvency and Bankruptcy Board of India (Board) is required under the Insolvency and Bankruptcy Code, 2016 (Code) to recommend name of an Insolvency Professional (IP) …
Period of limitation under Rule 68B for sale of attached immovable property-Supreme Court admits SLP due to contrary view of High Courts ABCAUS Case Law Citation:ABCAUS 3316 (2020) (06) SC Important case law relied upon by the parties:M.U. Joshi Vs. Tax Recovery Officer & Ors.Noorudin Vs. Tax Recovery …
Investors claim applications in PACL Ltd. – Last date for checking status and rectifying deficiencies is 31.07.2020 for investors with claims upto Rs. 5000 The Justice (Retd.) R. M. Lodha committee (“Committee”) was constituted as per the direction of the Hon’ble Supreme Court for disposing of the land …
Changing Prospective Restoration of ICAI Membership/ COP to Retrospective Restoration ICAI Announcement on Changing Prospective Restoration to Retrospective Restoration Recently, ICAI had allowed retrospective restoration of ICAI Membership/ COP for 2019-2020 and it was announced that Form 9 and Form 101 for retrospective restoration of membership / certificate …
Revised limits of MSME capital and turnover – Upward revision of MSME definition Cabinet today approved upward revision of MSME definition and modalities/ road map for implementing remaining two Packages for MSMEs. Recently, the Govt. had increased the investment limit for MSME and removed the distinction between manufacturing …
Waiver of late fee on non-filing GSTR 3B returns for the period August 2017 to January 2020 to be taken up in next GST Council meeting Ministry of Finance Press Release Issue of GST late fee for the past period (August 2017 to January 2020) to …
CBDT notifies Income Tax Returns (ITRs) Forms for AY 2020-21. Download Notification CBDT notifies ITRs for AY 2020-21 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 31/2020 New Delhi, the 29th May, 2020 INCOME-TAX G.S.R. 338(E).—In exercise of the powers conferred by section 139 read …
Expenditure for earning interest income allowed u/s 57(ii) as nexus between loan taken and amount invested in FDR not was doubted ABCAUS Case Law Citation:ABCAUS 3315 (2020) (05) ITAT Important case law relied upon by the parties:CIT Vs. RajendraPrasad Moody, 115 ITR 519 (SC) astern Investments Ltd. v. …
Extension of opportunity to NGOs to apply for FCRA registration on filing of Annual Return For non-submission of ARs for the year 2017-18 , FCRA registration of many Associations was cancelled The Ministry of Home Affairs, in view of representations made by many such Associations vide order dated …
Resumption of Limited Insolvency Examination in areas/locations where such activities have been permitted under State and local guidelines. Resumption of Limited Insolvency Examination INFORMATION FOR CANDIDATES The Limited Insolvency Examinations have resumed in areas/locations where such activities have been permitted under State and local guidelines. …
