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Extension of time limit for submitting FORM GST TRAN-1 to 31.03.2020 due to technical difficulties on common portal F.No. CBEC-20/06/17/2018-GST (Pt. I)Government of IndiaMinistry of Finance(Department of Revenue)*** New Delhi, the 7th February, 2020 Order No. 01/2020-GST Subject: Extension of time limit for submitting the declaration in FORM GST …
IRDA notifies obligatory cession for the financial year 2020-21 INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 3rd February, 2020 F. No. IRDAI/RI/1/167/2020.—In exercise of the powers conferred by Sub-section (2) and (4) of the Section 101A of the Insurance Act, 1938, the Authority, after consultation …
Unutilised MODVAT credit of Excise Duty not allowable u/s 43B. Paying cost of raw materials does not mean that assessee is liable to pay Excise Duty on such raw material/inputs ABCAUS Case Law Citation:ABCAUS 3247 (2020) (02) SC Important case law relied upon by the parties:Eicher Motors Ltd. and another versus Union of India and …
Penalty u/s 271B deleted. Books of Accounts not finalised due to TDS credit mismatch despite assessee made sincere attempts for its rectification and resignation of accountant ABCAUS Case Law Citation:ABCAUS 3246 (2020) (02) ITAT The assessee had filed an appeal against the order of Commissioner of Income Tax …
Depreciation allowable u/s 11(6) when assessee has not claimed cost of fixed assets as application of income in any previous year. ABCAUS Case Law Citation:ABCAUS 3245 (2020) (02) ITAT In this appeal filed by the assessee, the issue was related to disallowance of claim of depreciation u/s 11(6) …
CBIC introduces Machine based automated clearance of imported goods as pilot at Chennai and Nhava Sheva ports from 06.02.2020 soon be rolled out to all ports CBIC introduces machine Release of Goods India has been improving consistently in the World Bank’s EoDB rankings over the past 5 years …
CIT(A) reduced income on appeal which clearly showed non application of mind by AO while recording the reasons, which made reopening bad in law ABCAUS Case Law Citation:ABCAUS 3244 (2020) (02) ITAT Important case law relied upon by the parties:Ganga Saran & Sons P. Ltd. Vs. ITO (1981) …
Company name reservation/change only by web service SPICe+ and Run to be approved by ROC CRC wef 15.02.2020. Companies Incorporation Amendment Rules, 2020 GOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 6th February, 2020 G.S.R……..(E)._ In exercise of the powers conferred by sub-sections (1) and (2) …
Board Resolution authorising Legal Counsel to file complaint against CA misconduct can be taken on record even at appellate stage if it existed before filing complaint ABCAUS Case Law Citation:ABCAUS 3243 (2020) (02) AA Important case law relied upon by the parties:Uday Shankar Triyar v. Ram Kalewar Prasad …
Income Tax search on prominent persons in Film Industry in Tamil Nadu including Actor Vijay, financier and production house in connection with film Bigil which reportedly collected Rs 300 crore at the box office Income Tax Department conducts search on prominent persons in Film Industry in Tamil …