Denial of Registration 12AA for not spending income by trust. CIT to consider issue u/s 12AA(3) if the facts justify Registration – Supreme Court ABCAUS Case Law Citation:ABCAUS 3276 (2020) (02) SC In the instant case, a Special Leave Petition was filed by the Commissioner of Income Tax …
Registration u/s 12AA can not be denied for non-commencement of activities. Registration can be applied for by a new trust. Supreme Court settles the law. ABCAUS Case Law Citation:ABCAUS 3275 (2020) (02) SC Important case law relied upon by the parties:Commissioner of Income Tax-II vs. R.S. Bajaj SocietySelf …
Time limit for existing independent directors to apply for registration / listing in online data bank extended from three months to five months Government of India Ministry of Corporate Affairs Notification New Delhi, dated the 28th February, 2020 G.S.R.- (E). – In exercise of …
Rs 50 per gram discount on Sovereign Gold Bond Scheme 2019-20 (Series X) for digital purchase. Government of India has decided to allow discount of Rs 50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through …
Tale of an Investor-SEBI publishes book titled as “एक निवेशक की कहानी” SEBI has published a book titled as “एक निवेशक की कहानी” under original hindi book writing scheme The book has been authored by SEBI officials. The book is in a very simple language and with the …
Waiver of outstanding interest and penalty scheme of UP Commercial Tax Department As per the Notification issued in this regard, the waiver scheme shall apply to pending demands /penalty arising out of all orders passed till 31.03.2019. The Scheme applies to all orders passed under U.P. Trade Tax …