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Auto Let Export Order under Express Cargo Clearance System (ECCS) allowed for goods covered under CSBs and RMS and cleared by x-ray scanning Circular No. 41/2020-Customs F. No. 451/ 13/2020-Cus.VGovernment of India Ministry of Finance Department of Revenue(Central Board of Indirect Taxes & Customs) Dated the 7th September …
Re-lodgement of Share Transfer Deeds. SEBI fixes 31st March 2021 as cut-off date SECURITIES & EXHANGE BOARD OF INDIA CIRCULAR SEBI/HO/MIRSD/RTAMB/CIR/P/2020/166 September 07, 2020 To,All Registered Registrar & Share Transfer Agents (RTA)All Recognised Stock ExchangesAll Listed Companies (through Stock Exchanges) Dear Sir / Madam, Sub: Re-lodgement of Transfer …
Disallowance u/s 40A(3) for cash expenditure incurred in Foreign Country upheld. The Expression “rupee” in section 40A(3) means expenditure incurred in rupee terms ABCAUS Case Law CitationABCAUS 3389 (2020) (09) ITAT Important case law relied upon by the parties:Vodafone India Services Pvt. Ltd. v/s Union of India & …
CIT need not to given separate reasons for his satisfaction in giving approval u/s 151 for reopening of assessment if reasons recorded by AO have a direct nexus with the information and formation of belief of income escapement. ABCAUS Case Law CitationABCAUS 3388 (2020) (09) ITAT Important case …
System computed values of GSTR-1 Statement (Monthly filers), made available in Form GSTR-3B, as PDF statement on GST Portal A pdf statement has been made available to taxpayers, filing monthly GSTR-1 statement, with system computed values of Table 3 of Form GSTR-3B. This PDF will be prepared on …
Can Income Tax Authorities be held in contempt of Court in not following their judgments cited before them by the Assessee ABACUS Case Law CitationABCAUS 3387 (2020) (09) HC Important case law relied upon by the parties:Parents Association of Students Vs. M.A. Khan and another, 2009 (2) SCC …
Jurisdiction of customs appeals officers for bill of entry entered for home consumption or for warehousing for goods imported at customs station MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No.85/2020-Customs (N.T.) New Delhi, the 4th September, 2020 G.S.R. 546(E).—In exercise of the powers …
RBI revises Long Form Audit Report (LFAR) – New formats applicable for audit period covering FY 2020-21 & onwards Keeping in view the large scale changes in the size, complexities, business model and risks in the banking operations, RBI had made a review of the LFAR formats, in …
RBI Releases Revised Priority Sector Lending Guidelines Reserve Bank of India has comprehensively reviewed the Priority Sector Lending (PSL) Guidelines to align it with emerging national priorities and bring sharper focus on inclusive development, after having wide ranging discussions with all stakeholders. Reserve Bank of India (Priority Sector Lending – …
Mere surplus from exhibition not trade commerce or business activities u/s 2(15) making it non-charitable ABACUS Case Law CitationABCAUS 3386 (2020) (09) ITAT Important case law relied upon by the parties:Society of Indian Automobile Manufacturers vs. Income Tax Officer, (2016) 71 taxmann.com 138Assistant Commissioner of Income Tax vs. …
