Statement of income of investment fund to unit holders u/s 115UB to be in electronic form. CBDT amends form 64C and 64D MINISTRY OF FINANCE(Department of Revenue) Notification No. 55/2020 New Delhi, the 28th July, 2020 INCOME-TAX G.S.R.469(E).—In exercise of the powers conferred by sub-section …
Addition based on statement recorded deleted as witness did not appear for cross examination on Departments notice ABCAUS Case Law Citation:ABCAUS 3345 (2020) (07) ITAT Important case law relied upon by the parties:Kishanchand Chellaram 125 ITR 713 (SC)Andaman Timber Industries 281 CTR 214 (SC The Assessee had challenged …
Disallowance u/s 40A(2)(b) AO has to form opinion if expenses more than FMV according to legitimate needs of business. ABCAUS Case Law Citation:ABCAUS 3344 (2020) (07) ITAT Important case law relied upon by the parties:Flour Mills Vs. ACIT (2009) 314 ITR 1 (Guj.)CIT Vs. Shatrunjay Diamonds (2003) 261 …
Relaxations relating to procedural matters in Takeovers and Buy-back to apply to open offers and buy-back through tender offers Securities and Exchange Board of India CIRCULARSEBI/HO/CFD/DCR2/CIR/P/2020/139 July 27, 2020 ToAll Listed EntitiesAll Recognized Stock ExchangesAll Registered Merchant Bankers Dear Sir/Madam, Sub: Relaxations relating to procedural matters –Takeovers and …
Special Court for trial of u/s 435 of Companies Act 2013 notified for Assam MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th July, 2020 S.O. 2445 (E).—In exercise of the powers conferred by section 435 of the Companies Act, 2013 (18 of 2013), the Central Government, with …
Proceeding against Company Director for FERA contravention. Necessary ingredients are similar to section 141 of Negotiable Instrument Act – SC ABCAUS Case Law Citation:ABCAUS 3343 (2020) (07) SC Important case law relied upon by the parties:S. M. S. Pharmaceuticals Ltd. Vs. Neeta Bhalla and another, (2005) 8 SCC …
