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CJM equally competent to process application of secured creditor to take possession of secured asset u/s 14 of the Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act (SRFAESIA) 2002 – Supreme Court ABCAUS Case Law Citation:ABCAUS 3154 (2019) (09) SC Important case law relied …
An order passed in ignorance of binding precedents is erroneous. ITAT deleted penalty u/s 271(1)(c) when in subsequent year it was deleted on similar facts ABCAUS Case Law Citation:ABCAUS 3153 (2019) (09) ITAT Important case law relied upon by the parties:CIT vs. Reliance Petro Products Pvt Ltd (322 …
RBI framework for Turn Around Time (TAT) and customer compensation for failed transactions using authorised Payment Systems Monetary Policy statement of RBI dated April 4, 2019 proposed that the Reserve Bank would put in place a framework on Turn Around Time (TAT) for resolution of customer complaints and …
Evaluation of CA exams answer books – ICAI announces reforms made. Digital & Machine based evaluation, Stepwise marking, online test of examiners etc. In view of the recent news where CA exams answer books were found in possession of unauthorised books, ICAI, for the knowledge of the stakeholders …
Duty drawback permitted on FoB value without deducting foreign bank charges – CBIC Clarification on short realisation of export proceeds due to bank charges Duty drawback permitted on FoB value without deducting foreign bank charges Circular No. 33/2019-Customs F. No. 609/19/2019-DBKGovernment of IndiaMinistry of Finance, Department of RevenueCentral …
TDS payable as at year end is allowable expenditure in cash basis of accounting. it can not be said that the above sum had not been paid by the assessee ABCAUS Case Law Citation:ABCAUS 3152 (2019) (09) ITAT In the instant case, an appeal was filed by the …
Exemption from TDS on cash withdrawals u/s 194N to commission agents/traders of Agriculture Produce Market Committee (APMC) Exemption from TDS on cash withdrawals to commission agents/traders of Agriculture Produce Market Committee MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 70/2019 New Delhi, the 20th September, …
CBDT allows higher depreciation on motor cars, buses, lorries & taxis with retrospective effect in a bid to support slump struck automobile sectors CBDT allows higher depreciation on automobiles with retrospective effect MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 69 /2019 New Delhi, the …
Jurisdiction of PCIT / CIT extended in respect of specified cases/persons in the addition to their existing jurisdiction. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 71/2019 New Delhi, the 20th September, 2019 (Income-tax) S.O. 3426(E).—In exercise of the powers conferred by sub-section (1) and …
GST Rate on Goods as Recommended by The GST Council in Its 37th Meeting GST Rate on Goods as Recommended by The GST Council in Its 37th Meeting – The 37th GST Council met in Goa on 20.09.2019 under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala …
