Author: administrator
GST Council website now hosting Advance Ruling Orders The need was much felt for having a repository for orders of Authority for Advance Ruling (AAR) where they can be accessed by traders/general public Under Section 97(2) of SGST Act, 2017, various categories for Advance Rulings are as under …
IBBI rejects IP registration application for pending criminal proceedings as it impacts the reputation making applicant not a fit and proper person ABCAUS Case Law Citation: ABCAUS 2383 (2018) 06 IBBI The applicant who was a professional member of the ICSI Institute of Insolvency Professionals (ICSI IIP) submitted …
SEBI list of defaulters SEBI has issued list of defaulters as on 31st March 2018 for non-payment of Penalty imposed through orders passed upto December 31, 2017 The List contains the name and address of the defaulters, nature of violation, the amount of penalty and the date of …
Capital gain deduction u/s 54 for purchase of two flats on different floors allowed as flats were one above the other and converted into a single residential duplex unit The instant appeal was filed by the appellant assessee against he order of the CIT(A) in upholding the action …
RBI warns banks on vulnerability of ATMs running on windows XP or unsupported version of operating system and non-implementation of other security measures Control measures for ATMs – Timeline for compliance RBI has expressed concerns over the ATMs running on Windows XP and/or other unsupported operating systems. In …
Clarification Regarding Date of declaration of Results of CA Exams ICAI Clarifies on date of CA exams results The Institute of Chartered Accountants of India (ICAI) has issued a clarification over a fake announcement circulated in the social media regarding the date of declaration of the Common Proficiency …
Income tax notice issued in the name of dead person is illegal. Revenue can nor plead ignorance as there is no provision requiting legal representative to to intimate death or cancel PAN– High Court The instant Writ Petition was filed by the appellant assessee seeking quashing of the …
There is no statutory bar for the Assessing Officer to rectify the assessment order even if an appeal is pending against it – High Court The instant Writ Petition was filed by the appellant assessee against the notice issued under section 154/155 of the Income Tax Act, 1961 …
Draft list of IPs who submitted EoI in accordance with Insolvency Professionals to act as Interim Resolution Professionals or Liquidators (Recommendation) Guidelines, 2018 The Insolvency and Bankruptcy Board of India (Board/IBBI) early this month, had invited Expression of Interest (EOI) from Insolvency Professionals to be in the Panel …
Discharge of Insolvency Professional only when incapacitated either physically or legally. Other ground to attract debar for 5 years. Insolvency and Bankruptcy Board of India Discussion Paper 21st June, 2018 Subject: Discharge from Responsibility as Interim Resolution Professional, Resolution Professional or Liquidator of the Corporate Processes under the …