Addition for unsecured loans tenable when profits are estimated as it is not trading account but balance sheet item ABACUS Case Law CitationABCAUS 3368 (2020) (08) ITAT Important case law relied upon by the parties:Addl. CIT vs Hanuman Agarwal 151 ITR 150 (Pat)Mather & Platt (India) Ltd vs …
Accounting Standards to be followed by entities issuing and/or listing debt securities in IFSC for preparation of statement of accounts Securities and Exchange Board of India CIRCULAR SEBI/HO/MRD1/DSAP/CIR/P/2020/154 August 21, 2020 All Recognised Stock Exchanges in International Financial Services Centres (IFSC) Dear Sir / Madam, Subject: Securities and …
The Customs (Administration of Rules of Origin under Trade Agreements) Rules 2020 MINISTRY OF FINANCE(Department of Revenue) Notification No. 81/2020-Customs (N.T.) New Delhi, the 21st August, 2020 G.S.R. 521(E).—In exercise of the powers conferred by section 156 read with section 28DA of the Customs …
Rules for No Confidence motion against Office Bearers, members of Bar Council of India, and Officer Bearers of State Bar Councils The Bar Council of India has passed a resolution for all the State Bar Councils laying down rules / guidelines for passing of No-Confidence Motion against their …
Value of Plant & Machinery or Equipment for MSMEs new Definition-RBI withdraws its Circular in view of Govt. clarification The Government had recently notified new criteria for classifying MSMEs. The RBI then issued a circular suggesting documents that can be relied upon by banks for arriving at investment …
Aadhaar number authentication for GST Registration made optional. Registration in such cases to be granted after physical verification of place of business Aadhaar Authentication process has been introduced, for the persons applying for GST registration as Normal Taxpayer/ Composition/ Casual Taxable Person/ Input Service Distributor (ISD)/ SEZ …
