Government puts in place measures to protect Commercial decision making by Banks The Finance Minister has repeatedly assured Bankers that adequate measures would be taken to protect honest commercial decisions taken by them and distinction would be made between genuine commercial failures and culpability.Every Bank was also required …

MCA notifies Companies (Winding Up) Rules 2020 w.e.f 1st April 2020 The Companies (Winding Up) Rules 2020 provides rules for : (i) Winding up by Tribunal (ii) Liquidators (iii) Winding up Order (iv) Application for stay of suits etc. on winding up order (v) Report by Company Liquidator …

Amendment in the jurisdiction of Principal Commissioner/ Commissioner of Income-tax, Guwahati & Assam MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 6/2020 New Delhi, the 27th January, 2020 (Income-Tax) S.O. 387(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of …

Income Tax Department Bihar & Jharkhand, Patna has invited application from Chartered Accountants firms for empanelment as Auditors to carry out special Tax Audit u/s 142(2A) of Income Tax Act 1961  Last date is 8th February 2020 Empanelment of CA firms for Special Tax Audit u/s 142(2A) Eligibility …

Appeal not allowable against computer extract of demand raised by CPC-TDS at traces website. Assessee granted liberty to file appeal after obtaining order ABCAUS Case Law Citation:ABCAUS 3235 (2020) (01) ITAT Important case law relied upon by the parties:Rajesh KouraniM/s. Asan Memorial Association In the instant case, the …

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) (Amendment) Rules, 2020. MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 24th January, 2020 G.S.R. 45(E).—In exercise of powers conferred by sub-section (1) and clauses (c) to (g) of sub-section (2) of section …