Ordinance to suspend initiation of corporate insolvency resolution process   The President of India has promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance 2020.   As per the Ordinance, COVID-19 pandemic has impacted business, financial markets and economy and created uncertainty and stress for business. Further the Ordinance …

Govt. rolls out facility of filing of NIL GST Return through SMS Ministry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and Customs***** New Delhi, the 8th June 2020 Press Release Government rolls out facility of filing of NIL GST Return through SMS In a major move toward …

Turant Customs-1st phase of All India roll-out of Faceless Assessment-Setting up of Turant Suvidha Kendras Circular No. 28/2020-Customs   F. No.450/26/2019-Cus IV(Pt)Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect Taxes & Customs)*****   Room No. 229A, North Block, New Delhi.New Delhi, dated the 5th of June, …

Companies (Share Capital and Debentures) Amendment Rules, 2020. Amendment to issue of sweat equity shares, debenture redemption reserve  

155 Assistant Commissioners of Income Tax (Probationers) posted on completion of training at National Academy of Direct Taxes (NADT)  The CBDT has given postings to 155 Assistant Commissioners of Income Tax (Probationers) in the level 10 in the pay matrix of Rs. 56100 – 177500/- on successful completion …

Deduction u/s 80-O was rightly denied as assesse worked only as an agent of foreign enterprises – Supreme Court ABCAUS Case Law Citation:ABCAUS 3317 (2020) (06) SC Important case law relied upon by the parties:E.P.W. Da Costa and Ors. v.Union of India: (1980) 121 ITR 751 (Delhi)Capt. K. …