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Procedure for opening & operating the designated “FCRA Account” under amended Section 17(1) of The Foreign Contribution (Regulation) Act , 2010 F.No. II/21022/23(35)/2019-FCRA-IIIGovernment of IndiaMinistry of Home AffairsForeigners Division, FCRA Wing First Floor, Major Dhyan Chand National StadiumIndia Gate Circle, New Delhi-110001 Dated : 13th October, 2020 PUBLIC …
Rent of shops let out in shopping Mall if business income or income from house property – SC dismissed Revenue’s SLP ABCAUS Case Law CitationABCAUS 3407 (2020) (10) SC Important case law relied upon by the parties:Raj Dadarkar & Associates v. Assistant Commissioner of Income-taxPrincipal Commissioner of Income …
Inadequate enquiry or insufficient material on record cannot be a ground to invoke powers under Section 263 of the Act ABCAUS Case Law CitationABCAUS 3406 (2020) (10) HC Important case law relied upon by the parties:Malabar Industrial Company vs. CIT 243 ITR 833CIT vs. Max India Ltd. 295 …
ICAI advisory on Website Guidelines for CAs – 29 Prohibited contents and features on the Websites of members and Firms ICAI Advisory on CA website ICAI has issued the following important advisory related to Website Guidelines for chartered Accountants Advisory Dated: 14.10.2020 The members are aware that the …
Faceless Assessment -Measures for timely assessment of Bills of Entry and clarification on defacement of physical documents Circular No. 45/2020-Customs F. No. 450/26/2019-Cus. IV(Pt)Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect Taxes & Customs) Room No.227B, North Block. New Delhi, dated 12th of October, …
Misinterpretation of LTC voucher scheme benefits – Statement of Ministry of Finance Ministry of FinancePress Release 13 OCT 2020 A report has appeared in the Economic Times Markets (ETMarkets.com) which gives the impression that the LTC voucher scheme for Government employees may not be attractive. Unfortunately, the piece …
Finance Minister announces benefits to employees-leave encashment in lieu of LTC, Special Festival Advance Scheme Finance Minister announces measures of Rs 73,000 crore to stimulate consumer spending before end of this Financial Year in fight against COVID-19 Cash payment and leave encashment in lieu of one LTC during …
Assessment of Bill of Entry for imports made at a different Customs station-Functions increased for Superintendent of Customs MINISTRY OF FINANCE(Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 96 /2020-Customs (N.T.) New Delhi, the 12th October , 2020 G.S.R. 629(E).—In exercise of the powers …
Suit for specific performance for sale of immovable property filed within limitation cannot be dismissed on sole ground of delay or laches unless time being of the essence, and sale could not be made due to fault of the purchaser – SC ABCAUS Case Law CitationABCAUS 3405 (2020) …
Procedure for inspection / audit of Inland Container Depots (ICDs) and Container Freight Stations (CFSs) Circular No. 44/2020-Customs F.No.394/86/2020-Cus(AS)Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect Taxes and Customs) Room 512, Hudco Vishala Building New Delhi,dated the 08th October, 2020 To, All Principal Chief Commissioner/ Chief …
