Prosecution u/s 276C(1) / 277 based on information / photocopies received under DTAA for third country non sustainable In the instant case, the Income Tax Department (Revisionist) had filed a revision petition against the impugned order passed by the Court of Additional Chief Metropolitan Magistrate (ACMM) discharging the …

Signing of ITRS and appearance by authorised representatives for assessees undergoing bankruptcy. The Income-tax (24th Amendment) Rules, 2021 Signing of ITRS and appearance by authorised representatives for assessees undergoing bankruptcy. Section 140 of the Income Tax Act 1961 prescribes who shall verify the income tax return (ITR) for …

Safe Deposit Lockers/Safe Custody Article Facility provided by the banks – RBI Revised Instructions RBI has issued revised instruction on Safe Deposit Lockers / Safe Custody Article Facility provided by the banks. Recently the Supreme Court had fixed liability of the banks on lockers operation. The Apex Court …

CPC can not adjust refund in excess of 20% for disputed outstanding demand. Order u/s 245 or order u/s 220(6) do not authorise recovery in excess of 20%. ABCAUS Case Law CitationABCAUS 3542 (2021) (08) HC Important case law relied referred:Amrit Singh Ahluwalia vs. State of Punjab & …

Additional Penalty for Repeated Delivery Default by a seller/buyer to be imposed @ 3 % of the value of the delivery default SEBI had stipulated delivery default norms vide Circular SEBI/HO/CDMRD/DRMP/CIR/P/2021/35 dated March 23, 2021. In order to put in place a suitable deterrent mechanism to address instances …

ICMAI proposes multidisciplinary firm for cost accountants – Read Draft Regulations THE INSTITUTE OF COST ACCOUNTANTS OF INDIA Notification No. CWR (1) 2021 Kolkata, the 13th August, 2021 .The following draft of certain regulations further to amend the Cost and Works Accountants Regulations, 1959, which the Council of …