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SEBI Master Circular on Surveillance of Securities Market SECURITES AND EXCHANGE BOARD OF INDIA MASTER CIRCULAR SEBI/HO/ISD/ISD/CIR/P/2021/22 March 01, 2021 To 1. All Recognized Stock Exchanges2. All Depositories3. All Listed Companies4. All Market Intermediaries registered with SEBI under Section 12 of the SEBI Act, 1992 5. Fiduciaries as …
No Penalty u/s 271(1)(c) on filing revised return when no such questionnaire was issued with notice u/s 143(2) ABCAUS Case Law CitationABCAUS 3463 (2021) (03) ITAT Important case law relied referred:CIT vs. SSA’s Emerald MeadowsPr. CIT vs. Sahara India Life Insurance Company Ltd.ITO vs. Sitashri Trading & Finance …
Harish Salve gets relief from ITAT. Funding education of Indian law students abroad allowed as business expenditure u/s 37(1) as goodwill measure ABCAUS Case Law CitationABCAUS 3462 (2021) (03) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming disallowance of …
IBC is special statute, must prevail over Companies Act 2013. Section 7 IBC Petition maintainable post admission of winding up Petition – SC ABCAUS Case Law CitationABCAUS 3461 (2021) (03) SC Important case law relied referred:Action Ispat and Power Pvt. Ltd. vs Shyam Metalics and Energy Ltd. 2020 …
SEBI Consultation paper on Review of Provisions related to Independent Directors SEBI issues Consultation paper on “Review of Regulatory Provisions related to Independent Directors.” SEBI has over the years, strengthened the institution of independent directors (IDs) through the recommendations of various committees as also through stakeholder consultations. However, …
SOP for physical hearing of cases before NCLT apart from virtual hearing w.e.f. 01.03.2021. The SOP is applicable to all NCLT Benches File No. 10/03/2021-NCLTNATIONAL COMPANY LAW TRIBUNAL 6th Floor, Block-3,CGO Complex, Lodhi Road, New Delhi- I10003Dated: 26th February 2021 Standard Operating Procedure for physical hearing of cases …
Due date for furnishing GSTR-9 / GSTR-9C for FY 2019-20 extended further to 31.03.2021 The due date for furnishing of the GST Annual returns (GSTR-9 and GSTR-9C) specified under section 44 of the CGST Act read with rule 80 of the CGST rules for the financial year 2019-20 …
CBDT extends deadline for passing income tax Penalty / Assessment/Re-assessment orders and issue of notice/passing orders under Benami Act MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 10/2021 New Delhi, the 27th February, 2021 S.O.966(E).—In exercise of the powers conferred by sub-section (1) …
Pr. CCIT UP (East) Lucknow invites application to empanel Senior and Junior Standing Counsels Office of the Principle Chief Commissioner of Income Tax U.P. (East), Lucknow has invited application to empanel Senior and Junior Standing Counsels to represent the cases of Income Tax Department before the …
Disallowance u/s 40(a)(ia) for non deduction of TDS on amount credited to Provision account deleted by High Court on principles of consistency ABCAUS Case Law CitationABCAUS 3460 (2021) (02) HC Important case law relied referred:Bharat earth movers vs. CIT (2000) 245 ITR 428 (SC)Parashuram Pottery Works Co. Ltd. …
