Shri Sivasubramanian Ramann, IA&AS appointed as Chairman & Managing Director (CMD), Small Industries Development Bank of India (SIDBI)
MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 7th April, 2021
S.O. 1583(E).—In exercise of the powers conferred by clause (a) of sub-section (1) of section 6 read with sub-section (2) of section 6 of the Small Industries Development Bank of India (SIDBI) Act, 1989 (39 of 1989), the Central Government hereby appoints Shri Sivasubramanian Ramann, IA&AS (1991) (D.O.B:25.02.1966) MD & CEO, National E-Governance Services Ltd. as Chairman & Managing Director (CMD), Small Industries Development Bank of India (SIDBI) on deputation basis, in the scale of pay of Rs. 2,05,400/-to Rs. 2,24,400/-(Level 16) for a period of 3 years from the date of his taking over charge of the post or until further orders, whichever is earlier.
[F. No.17/04/2020-IF-II]
LALIT KUMAR, Economic Adviser
- Under POCM, selling/Admin costs allowable despite no revenue declared – ITAT
- AO can’t use reverse computation using TDS amount for disallowance u/s 40(a)(ia)
- Once loans is repaid in subsequent years, addition u/s 68 cannot be made
- Viksit Bharat Guarantee for Rozgar & Ajeevika Mission-Gramin “VB-GRAM-G” notified
- In denovo assessment , AO to apply independent mind without influenced by remarks
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