Govt. reconstitutes Advisory Board under Conservation of Foreign Exchange & Prevention of Smuggling Activities Act 1974 ( COFEPOSA ) for detention longer than three months MINISTRY OF FINANCE(Department of Revenue)(CENTRAL ECONOMIC INTELLIGENCE BUREAU) NOTIFICATION New Delhi, the 16th July, 2021 G.S.R. 491(E).—In exercise of the powers conferred by …

Once an asset is part of block, depreciation can not be denied non-use. The concept of “use” of assets has to apply upon block as a whole instead of an individual asset. In the instant case, the assessee had challenged the order passed by the CIT(A) in inter …

Supreme Court  declares requirement of minimum age of 50 years for appointment in Tribunals as void and inoperative ABCAUS Case Law CitationABCAUS 3528 (2021) (07) SC Important case law relied referred:Union of India vs. R. Gandhi, President Madras Bar AssociationMadras Bar Association vs.  Union of India & Anr.Rojer …

CBDT exempts income of Haryana Labour Welfare Board u/s 10(46) from 01-06-2020 to 31-03-2021 and for FY 2021-2022 to 2024-25 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 80/2021 New Delhi, the 14th July, 2021 S.O. 2826(E).—In exercise of the powers conferred by clause (46) …

CBDT exempts income of Himachal Pradesh Computerization of Police Society u/s 10(46) from 01-06-2020 to 31-03-2021 and for FY 2021-2022 to 2024-25 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 81/2021 New Delhi, the 14th July, 2021 S.O.2827(E).—In exercise of the powers conferred by clause …

Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2021 The Insolvency and Bankruptcy Board of India has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. It has been inter alia provided that an …