SEBI Procedural Guidelines for Proxy Advisors related to disclosure, sharing of information and communication with clients. Securities & Exchange Board of India CIRCULAR SEBI/HO/IMD/DF1/CIR/P/2020/147 August 3, 2020 All SEBI registered Proxy Advisors Sir / Madam Subject: Procedural Guidelines for Proxy Advisors 1. Regulation 24(2) read with 23(1) of …

Treating expenses bogus without appreciating replies received u/s 133(6) unfair. AO always expected to examine replies of the recipients of such expenditure. ABACUS Case Law CitationABCAUS 3355 (2020) (08) HC In the instant case, the assessee had filed the Writ Petition under articles 226 and 227 of the …

Penalty 271(1)(b) deleted as assessee had furnished medical certificate of treatment for depression and AO did not bring anything against the evidences of ill-health. ABACUS Case Law CitationABCAUS 3354 (2020) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming …

Filing Income Tax Form with scanned signature held only procedural defect and curable in nature. ITAT allowed Form 35A filed with DRP. ABACUS Case Law CitationABCAUS 3353 (2020) (08) ITAT Important case law relied upon by the parties:MSM Satellite (Singapore) Pvt.  Ltd.  vs.  JDIT In the instant case, …

Delay in Appeal against TDS CPC order downloaded after two years condoned as the order was never served on assessee ABACUS Case Law CitationABCAUS 3352 (2020) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the late fee for …

Extension of transitional provisions of Sea Cargo Manifest and Transhipment Regulations 2018 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 66/2020-Customs (N.T.) New Delhi, the 31st July, 2020 G.S.R.486(E).—In exercise of the powers conferred by section 157, read with sections 30, 30A, 41, …