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Abcaus

condonation of delay

Levy of fee u/s 234E prior 01.06.2015. ITAT explains law on condonation of delay

administrator June 9, 2019 Income Tax, ITAT
Levy of fee us/ 234E prior to 01.06.2015. ITAT explains the law on condonation of delay by assessee in filing these appeals before the CIT(A) ABCAUS Case Law Citation: ABCAUS 2999 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: Collector, Land Acquisition Vs. MST Katiji …
FIR

FIR for GST evasion can be lodged under CPC for cognizable offences punishable under IPC

administrator June 8, 2019 GST, High Courts
FIR for GST evasion can be lodged under CPC if it discloses commission of cognizable offences punishable under IPC – High Court ABCAUS Case Law Citation: ABCAUS 2998 (2019) (06) HC Important Case Laws Cited/relied upon by the parties: Ajit Singh @ Muraha v. State of U.P., 2006 …
coercive steps

Relief granted by CIT(A) accepted in one case in one year can not be challenged in other year

administrator June 8, 2019 Income Tax, ITAT
When relief granted by CIT(A) is accepted in one case in one year, it is not open to revenue authorities to challenge identical relief in other year ABCAUS Case Law Citation: ABCAUS 2997 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: Union of India v. …
Company incorporation

License u/s 8 for new or existing companies with charitable objects – MCA Notification

administrator June 8, 2019 Companies Act
License u/s 8 for new companies with charitable objects to be in Form INC-32 (SPICe) and for existing companies in INC-12. MCA Notification MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 7th June, 2019 G.S.R. 411(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section …
RBI

RBI issues revised Prudential Framework for Resolution of Stressed Assets

administrator June 8, 2019 RBI
RBI issues revised Prudential Framework for Resolution of Stressed Assets Hon’ble Supreme Court, vide its order dated April 2, 2019, had held the RBI circular dated February 12, 2018 on Resolution of Stressed Assets as ultra vires. In light of the same, the RBI Governor had clarified that the Reserve Bank …
MCA SEBI MOU

MCA & SEBI enter into MOU to tighten regulatory oversight by sharing data/ information

administrator June 7, 2019 MCA, SEBI
MCA & SEBI enter into MOU to tighten regulatory oversight by sharing of data and information to keep surveillance on Corporate Frauds affecting economy Ministry of Corporate Affairs Press Release A formal Memorandum of Understanding (MOU) was signed between the Ministry of Corporate Affairs (MCA) and the Securities …

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