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Use of mobile and internet in Airplanes flight in India- Provisions relaxed for permitting selective use. MINISTRY OF CIVIL AVIATIONNOTIFICATION New Delhi, the 21st February, 2020 G.S.R. 142(E).—Whereas, the draft of certain rules further to amend the Aircraft Rules, 1937, was published in the Gazette of India, Extraordinary, …
Appointment of CA/CMA firm for Indirect/Direct Tax Consultant & GST Auditor of DICGC for FY 2020-21 / FY 2018-19 Deposit Insurance and Credit Guarantee Corporation (DICGC) has invited following Tenders/RFP: (a) GST Auditor Request for Proposal (RfP) for Appointment of Chartered Accountant/ Cost Accountant firm for carrying out …
Exemptions to Government Companies u/s 462 of the Companies Act 2013 -MCA Notification GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 2nd March, 2020 GSR (E). – In exercise of the powers conferred by clauses (a) and (b) of sub section (1) and in pursuance …
Reversal of earlier order by ITAT based on judgment of non jurisdictional High Court. Question kept open though SLP dismissed by Supreme Court ABCAUS Case Law Citation:ABCAUS 3280 (2020) (03) SC Important case law relied upon by the parties:Honda Seil Ltd (295 ITR 466)CIT v. Manjunatha Cottonand Ginning …
Foreign exchange forward contract incidental to export business to cover up losses due to foreign exchange rate variation not speculative activity – SC dismissed SLP of the Revenue ABCAUS Case Law Citation: ABCAUS 3279 (2020) (03) SC Important case law relied upon by the parties: Bhavani Gems vs. …
Cheque not filled though signed by drawer no defence in trial of offence u/s 138 of NI Act. Accused must prove cheque was not in discharge of a debt/liability ABCAUS Case Law Citation:ABCAUS 3278 (2020) (03) HC Important case law relied upon by the parties:M/s Surveka Distributors Pvt. …
Opening GST Portal to allow filing/Revision of TRAN-1. Supreme Court dismisses SLP of the Government against order of Punjab & Haryana High Court ABCAUS Case Law Citation:ABCAUS 3277 (2020) (03) SC Important case law relied upon by the parties:Krish Authomotors Pvt. Ltd. Vs UOI and otherWillowood Chemicals …
Denial of Registration 12AA for not spending income by trust. CIT to consider issue u/s 12AA(3) if the facts justify Registration – Supreme Court ABCAUS Case Law Citation:ABCAUS 3276 (2020) (02) SC In the instant case, a Special Leave Petition was filed by the Commissioner of Income Tax …
Registration u/s 12AA can not be denied for non-commencement of activities. Registration can be applied for by a new trust. Supreme Court settles the law. ABCAUS Case Law Citation:ABCAUS 3275 (2020) (02) SC Important case law relied upon by the parties:Commissioner of Income Tax-II vs. R.S. Bajaj SocietySelf …
Time limit for existing independent directors to apply for registration / listing in online data bank extended from three months to five months Government of India Ministry of Corporate Affairs Notification New Delhi, dated the 28th February, 2020 G.S.R.- (E). – In exercise of …