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It is impossible to maintain list of gifts given and demonstrate that a particular sales order was received as a result of a particular gift ABCAUS Case Law Citation:ABCAUS 3330 (2020) (07) ITAT In the instant case, appeal had been preferred by the assessee against order passed by …
Govt. appoints Chairman and members of Investor Education and Protection Fund Authority (IEPF) MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 8 July, 2020 S.O. 2282(E).—In exercise of the powers conferred by sub-sections (5) and (6) of section 125 of the Companies Act, 2013 (18 …
GST classification and rates for Popcorn – AAR Ruling for HSN Code and CGST / SGST / IGST rates Popcorn falls under HSN Code 1904 1090 and attract 9% CGST and 9% SGST or 18% IGST – AAR Ruling ABCAUS Case Law Citation:ABCAUS 3329 (2020) (07) AAR Important …
Turant Customs –Turant Suvidha Kendra and Other Initiatives for Contactless Customs Circular No.32/2020-Customs F. No.450/78/2020-Cus IVGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect Taxes & Customs) Room No. 229A, North BlockNew Delhi, dated 6th of July, 2020 To,All Principal Chief Commissioners/ Chief Commissioners of …
CBDT notifies NPS Tier II-Tax Saver Scheme 2020 for Section 80C deduction MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 45 /2020 New Delhi, the 7th July, 2020 S.O. 2232(E).—In exercise of the powers conferred by clause (xxv) of sub-section (2) of section 80C of …
Rejection of books of accounts for non maintenance of stock register or incorrect valuation method or non compliance with accounting standard not sufficient. ABCAUS Case Law Citation:ABCAUS 3328 (2020) (07) ITAT Important case law relied upon by the parties:ACIT vs. Yerra Nagabhushanam (1997) 226 ITR 843, 849 (AP)Kunhambu …
Extension of the last date of filing of Form NFRA-2 for FY 2018-19 to 270 days from the date of deployment of the form on the website of NFRA General Circular No. 26/2020 F. No.7/39/2019-CL-IGovernment of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing Shastri Bhawan, …
For exemption of income u/s 10(23FE)-CBDT notifies business engaged in infrastructure sub-sectors mentioned in Updated Harmonised Master List MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 44/2020 New Delhi, the 6th July, 2020 INCOME –TAX S.O. 2227E).—In exercise of the powers conferred by item (b) …
News report of Merger of CBIC and CBDT factually incorrect – Finance Ministry News report of Merger of CBIC and CBDT factually incorrect – Finance Ministry. Government has no proposal to merge two Boards created under the Central Boards of Revenue Act, 1963 The Finance Ministry has rebutted …
Question of right, title, interest is domain of civil court and cannot be decided by NCLT in proceedings u/s 241 and 242- Supreme Court ABCAUS Case Law Citation:ABCAUS 3327 (2020) (07) SC Important case law relied upon by the parties: Sangramsinh P. Gaekwad and Ors. v. Shantadevi P. …
