TaxLiner | Summarizing Laws

2021-05-17 14:38:01 CBIC has started Special Refund and Drawback Disposal Drive from 15.05.2021 to 31.05.2021.

This will help business in obtaining pending refund and duty drawback.

@HubofCA ओपन / कमेंट

2021-05-17 14:15:19 All Orders terminating proceedings are not Awards: Delhi HC sets the record straight

https://corporate.cyrilamarchandblogs.com/2021/05/all-orders-terminating-proceedings-are-not-awards-delhi-hc-sets-the-record-straight/ ओपन / कमेंट

2021-05-17 06:30:12 One Liner Top-Stories Update:

Assessee failed to discharge onus of proving Genuineness of Income from Undisclosed Sources: ITAT upholds addition of Rs.1.81 Cr

ICSI extends deadline of ECSIN and UDIN Amnesty Scheme, 2021

ITAT remands matter back to CIT(A) for determining Tax Liability arising on Assessee Trust on premise of Non-Availability of Registration u/s 12A

Income Tax: PCIT can’t expand Limited Scrutiny while invoking Revisional Jurisdiction, says ITAT

Income Tax: Addition against Wife can’t be made solely relying upon Statement of Husband Recorded u/s 131, rules ITAT

Time Limit for filing Refund Claim of SAD paid by Importer: CESTAT Larger Bench to consider Relief to Importer If Goods are not sold within One Year

GST applicable on Credit Card Expenses incurred by Employees of an Indian Subsidiary: AAAR

Join @HubofCA for Daily #StatNews ओपन / कमेंट

2021-05-16 18:03:06 @HubofCA ओपन / कमेंट

2021-05-16 13:02:09 One-Liner Latest Business News:

• GST Council meet to discuss GST relief on Covid items

• Airtel announces benefits for low-income customers amid Covid crisis

• At 5.7 million, Apple's notebook shipments grow 94% in Q1 2021

• Petrol, diesel price hiked again; petrol price nears Rs 99 in Mumbai

• Cairn looks to seize Air India assets to recover $1.7 billion award due from Indian government

• Petrol, diesel prices reach record high

• Exports jump to $30.63 billion in April

• Carmakers extend warranty, free service amid lockdown

Join @HubofCA for #BizNews ओपन / कमेंट

2021-05-16 05:30:08 One-Liner IBC Updates/News:

• NCLT permits withdrawal of CIRP in an application filed u/s 12A pursuant to order of admission passed by Tribunal

• The Concept of Acknowledgement of Debt – An IBC Perspective

• Closing the backdoor entry to promoters

• NCLT can’t directly ask Govt. to refer matter to SFIO as there is procedure required to be followed u/s 230(b)

• Attached property confiscated by Court of Economic Offences couldn’t be de-attached for liquidation: NCLAT

• Whether the vacation of office of managing director during CIRP, requires to be filled in by the Resolution Professional?

• NCLT refuses to condone delay in filling application u/s 45 for lack of reasonableness

Join: @HubofCA for fitfully #IBCNews ओपन / कमेंट

2021-05-15 08:48:55 @HubofCA ओपन / कमेंट

2021-05-14 20:21:37 Steps You Must Follow to Avoid Hospitalization Due to COVID-19

https://www.uptax.info/post/steps-you-must-follow-to-avoid-hospitalization-due-to-covid-19 ओपन / कमेंट

2021-05-14 14:40:27 Moneycontrol Market Reports
Taking Stock | Market ends flat in volatile trade; FMCG stocks outperform, metals slip

@HubofCA ओपन / कमेंट

2021-05-14 14:30:07 Flash of #Startup News By @HubofCA:

• Embassy Group invests in Pi Labs' fund for proptech startups

• Nikhil Gandhi quits as TikTok India CEO nearly a year after ban

• Coworking space providers stick to expansion plans despite drop in demand

• Son rejigs InMobi bet ahead of $1 billion IPO, transfers shareholding to SVF 2

• ETtech Exclusive: Sofina-led funding may value Mamaearth at $700 million

• Amazon-backed Acko seeks new funds at $1 billion value

• Gaming firm Lakshya Digital to set up Centre of Excellence in Bengaluru

• KFin Technologies acquires 17% stake in insurtech startup Artivatic.ai

• CarTrade set to file for IPO to raise up to Rs 2,000 crore ओपन / कमेंट