Exemption from TDS u/s 194N to authorised dealers , Money Changer licensed by RBI & franchise agents Exemption u/s 194N to RBI authorised dealers, money changer  MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 80/2019 New Delhi, the 15th October, 2019 INCOME-TAX S.O. 3719(E).—In exercise …

Retrospective applicability of Black Money Act-Supreme Court quashed High Court order that Govt. made the Act retrospectively applicable from 01.07.2015 ABCAUS Case Law Citation:ABCAUS 3172 (2019) (10) SC In the instant case, the Union of India had challenged the  interim order passed by the Division Bench of the Delhi …

Scheme launched to attract investment & support Make in India programme. Single application cum approval form prescribed for uniformity of practice.   CBIC and Customs launches scheme to attract investment and support Make in India programme Central Board of Indirect Taxes and Customs has launched a revamped and …

RBI permits banks to lend to InvITs subject to prescribed conditions which inter alia requires banks to have Board approved policy on exposures to InvITs RBI had allowed banks to invest in units of InvITs subject to the specified conditions. On representation by banks and other stakeholders seeking …

Companies (Meetings of Board and its Powers) Amendment Rules, 2019. MCA Notification GOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 11th October, 2019 G.S.R. __ (E).- In exercise of the powers conferred by sections 173, 177, 178 and section 186 read with section 469 of the …

Addition for Bogus creditors converted into cessation of liability as goods were defective and vendors had not shown amount as receivable proving that liability had ceased. ABCAUS Case Law Citation:ABCAUS 3171 (2019) (10) ITAT The appellant assessee was an individual and was engaged in the trading business. The …