Author: administrator
CCI imposes Rs 200 crore penalty on Maruti for restricting discounts by dealers The Competition Commission of India (CCI) passed a final order against Maruti Suzuki India Limited (MSIL) for indulging in anti-competitive conduct of Resale Price Maintenance (RPM) in the passenger vehicle segment by way of implementing Discount …
Resolve glitches in e-filing portal by 15.09.2021 – Finance Minister told Infosys. Finance Ministry had a meeting with Infosys on glitches in e-filing portal of Income Tax Department Resolve glitches in e-filing portal by 15.09.2021 – this is reported to be demanded by Finance Minister from Infosys Yesterday …
Once capital gain taxed in hands of individual member of society, same cannot be taxed again in the hands of society ABCAUS Case Law CitationABCAUS 3544 (2021) (08) ITAT Important case law relied referred:Corporation of India Ltd. – 187 ITR 688 (SC)Mohinder Kaur JoshPunjabi Coop House Building Society …
Export of COVID-19 Rapid Antigen Testing kits – Procedure and Criteria for submission and approval of applications DGFT has clarified procedure and Criteria for submission and approval of applications for export of COVID-19 Rapid Antigen Testing kits. Earlier, vide Notification No. 18/2015-20 dated 16.08.2021 it had restricted the …
Prosecution u/s 276C(1) / 277 based on information / photocopies received under DTAA for third country non sustainable In the instant case, the Income Tax Department (Revisionist) had filed a revision petition against the impugned order passed by the Court of Additional Chief Metropolitan Magistrate (ACMM) discharging the …
Signing of ITRS and appearance by authorised representatives for assessees undergoing bankruptcy. The Income-tax (24th Amendment) Rules, 2021 Signing of ITRS and appearance by authorised representatives for assessees undergoing bankruptcy. Section 140 of the Income Tax Act 1961 prescribes who shall verify the income tax return (ITR) for …
Safe Deposit Lockers/Safe Custody Article Facility provided by the banks – RBI Revised Instructions RBI has issued revised instruction on Safe Deposit Lockers / Safe Custody Article Facility provided by the banks. Recently the Supreme Court had fixed liability of the banks on lockers operation. The Apex Court …
CPC can not adjust refund in excess of 20% for disputed outstanding demand. Order u/s 245 or order u/s 220(6) do not authorise recovery in excess of 20%. ABCAUS Case Law CitationABCAUS 3542 (2021) (08) HC Important case law relied referred:Amrit Singh Ahluwalia vs. State of Punjab & …
Additional Penalty for Repeated Delivery Default by a seller/buyer to be imposed @ 3 % of the value of the delivery default SEBI had stipulated delivery default norms vide Circular SEBI/HO/CDMRD/DRMP/CIR/P/2021/35 dated March 23, 2021. In order to put in place a suitable deterrent mechanism to address instances …
ICMAI proposes multidisciplinary firm for cost accountants – Read Draft Regulations THE INSTITUTE OF COST ACCOUNTANTS OF INDIA Notification No. CWR (1) 2021 Kolkata, the 13th August, 2021 .The following draft of certain regulations further to amend the Cost and Works Accountants Regulations, 1959, which the Council of …
