Supreme Court struck down Tribunal Rules formulated u/s 184 of the Finance Act, 2017 being contrary to the parent enactment and the Constitution ABCAUS Case Law Citation:ABCAUS 3188 (2019) (11) SC A Constitution Bench of the Hon’ble Supreme Court have struck down the Tribunal, Appellate Tribunal and other …
Ex commissioner of central excise sentenced to rigorous imprisonment of two years for demanding and accepting illegal gratification of Rs. 15 lakhs As per press release issued by the CBI, the Additional Special Judge for CBI Cases, Visakhapatnam has convicted Sh. Surender Pal Singh @ S.P.Singh(an IRS officer …
Notified unauthorised colony in National Capital Territory of Delhi to be exempted from deemed taxation under section 56(2)(x) of Income Tax Act 1961 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 96/2019 New Delhi, the 11th November, 2019 G.S.R. 836(E).— In exercise of the powers …
RBI withdraws Chapter IIIB exemptions from Housing Finance Companies RBI withdraws exemptions from Housing Finance Companies Housing Finance Institutions (HFIs) as defined under Clause (d) of Section 2 of the National Housing Bank Act, 1987. Such HFIs are currently exempt from the provisions of Chapter IIIB of Reserve …
CBEC FAQ on restriction in availment of ITC in respect of invoices / debit notes not uploaded in terms Rule 36 (4) of CGST Rules, 2017 Circular No. 123/42/2019– GST F. No. CBEC – 20/06/14/2019 – GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and …
Banks not to levy NEFT charge on savings bank account wef January 2020. As per RBI during the period October 2018 to September 2019, the National Electronic Funds Transfer (NEFT) and Unified Payments Interface (UPI) systems handled 252 crore and 874 crore transactions with year on year growth …
