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Abcaus

Disclosure under RTI

Financial Statements and Audit Report of School exempt under RTI Act

administrator August 19, 2020 RTI
Financial Statements and Audit Report of School exempt under RTI Act. CIC denied disclosure in absence of any larger public interest ABACUS Case Law CitationABCAUS 3367 (2020) (08) CIC Important case law relied upon by the parties:Shailesh Gandhi v. The Central Information CommissionCPIO Supreme Court of India v. …
export import

Eligible Importers may avail benefit of deferred import duty payment without intimation

administrator August 19, 2020 Excise/Custom
Eligible Importers may avail benefit of Deferred Payment of Import Duty without intimation. Amendment to Deferred Payment of Import Duty Rules 2016   MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No.79/2020-Customs (N.T.) New Delhi, the 19th August, 2020 G.S.R. 514(E).—In exercise of the powers …
Aadhaar authentication

Govt notifies 24 Insurance Companies to undertake Aadhaar authentication service

administrator August 19, 2020 Aadhaar, Prevention of Money Laundering Act 2002
Govt notifies 24 Insurance Companies to undertake Aadhaar authentication service under PMLA 2002   MINISTRY OF FINANCE(Department of Revenue)   NOTIFICATION   New Delhi, the 19th August, 2020   G.S.R. 512(E).—In exercise of the powers conferred by sub-section (1) of section 11A of the Prevention of Money-laundering Act, …
income tax disallowance abcaus

Inability of Legal representative to produce evidence alone no basis to disallow expenses 

administrator August 19, 2020 Income Tax, ITAT
Inability to produce evidence by Legal representative of assessee alone should not be a basis to decide allowability of expenses.  ABACUS Case Law CitationABCAUS 3366 (2020) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming disallowance under the head …
NCLT

Term of Office of Acting President, NCLT extended for one month w.e.f. 05.08.2020

administrator August 18, 2020 Companies Act
Term of Office of Acting President, NCLT is extended for one month w.e.f. 05.08.2020 MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 18th August, 2020 S.O. 2796(E).—In continuation of this Ministry’s notifications S.O. No.72(E) dated 03rd January, 2020, S.O. 1393(E) dated 29th April, 2020 and S.O. 2377(E) dated …
Annual General meeting

Relief to companies not able to hold AGM for FY ended on 31.03.2020. Extension to be applied

administrator August 18, 2020 Companies Act
Relief to companies not able to hold AGM for FY ended on 31.03.2020 can apply for extension to ROC in Form GNL-1.  General Circular No. 28/2020 F. No. 2/4/2020-CL-V Government of India Ministry of Corporate Affairs   5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. P. Road, New …

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