CBDT directions for handling startups grievances and addressing tax related issues CBDT directions for handling startups grievances In August 2019, a Startup Cell had been created at the CBDT level for handling redressal of grievances of Startups and addressing its tax related issues. In furtherance of the above, …
CJM equally competent to process application of secured creditor to take possession of secured asset u/s 14 of the Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act (SRFAESIA) 2002 – Supreme Court ABCAUS Case Law Citation:ABCAUS 3154 (2019) (09) SC Important case law relied …
An order passed in ignorance of binding precedents is erroneous. ITAT deleted penalty u/s 271(1)(c) when in subsequent year it was deleted on similar facts ABCAUS Case Law Citation:ABCAUS 3153 (2019) (09) ITAT Important case law relied upon by the parties:CIT vs. Reliance Petro Products Pvt Ltd (322 …
RBI framework for Turn Around Time (TAT) and customer compensation for failed transactions using authorised Payment Systems Monetary Policy statement of RBI dated April 4, 2019 proposed that the Reserve Bank would put in place a framework on Turn Around Time (TAT) for resolution of customer complaints and …
Evaluation of CA exams answer books – ICAI announces reforms made. Digital & Machine based evaluation, Stepwise marking, online test of examiners etc. In view of the recent news where CA exams answer books were found in possession of unauthorised books, ICAI, for the knowledge of the stakeholders …
Duty drawback permitted on FoB value without deducting foreign bank charges – CBIC Clarification on short realisation of export proceeds due to bank charges Duty drawback permitted on FoB value without deducting foreign bank charges Circular No. 33/2019-Customs F. No. 609/19/2019-DBKGovernment of IndiaMinistry of Finance, Department of RevenueCentral …
