TaxLiner | Summarizing Laws

2021-04-21 06:44:00 Team TBC Wishes You A Happy Ram Navami

!TeamTBC ओपन / कमेंट

2021-04-21 06:35:46 One Liner Top-Stories Update:

GST: ITC can’t be availed on distribution of promotional product done for marketing and brand promotion, rules AAAR

Relief to Lifestyle International: ITAT deletes the disallowance on Professional Fee

Cabinet approves Amendments to the Finance Bill, 2021

Cabinet approves MoU between ICAI and Chartered Accountants Australia and New Zealand

MSME certificate required to take benefit under Section 240A of IBC: NCLAT

Bank’s Internal Policy mandatory for CA certified documentation for Loan Advances: RBI responds to RTI Application

GST: Power to order Provisional Attachment of Property including Bank Account is draconian in nature, all conditions to be strictly fulfilled, rules Supreme Court

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2021-04-20 20:14:01 CMA Exams Postponed: New dates are from July 26 to Aug 2nd for Inter & Final.

Lets see what other Institute takes stand, most prolly it will be in same line as they all are inter-linked.

@HubofCA ओपन / कमेंट

2021-04-20 17:56:00 Moneycontrol Market Reports
Taking Stock: Selling continues on D-St as IT stocks tumble; auto, pharma outshine

@HubofCA ओपन / कमेंट

2021-04-20 17:08:46 Insolvency and Bankruptcy Code: Re-affirming its primacy over the Prevention of Money Laundering Act, 2002

https://corporate.cyrilamarchandblogs.com/2021/04/insolvency-and-bankruptcy-code-re-affirming-its-primacy-over-the-prevention-of-money-laundering-act-2002/ ओपन / कमेंट

2021-04-20 12:20:12 Posted as Received ————————— Donate Plasma Save Lives!! If you have recovered recently from COVID, Pls come forward to help CA fraternity Donate Plasma Online Form: Here Regds: ICAI-JAIPUR @HubofCA ओपन / कमेंट

2021-04-20 10:07:40 ‘CASH ONLY’ to dissenting financial creditors – Supreme Court in Jaypee

https://corporate.cyrilamarchandblogs.com/2021/04/cash-only-to-dissenting-financial-creditors-supreme-court-in-jaypee/ ओपन / कमेंट

2021-04-20 06:30:10 One Liner Top-Stories Update:

GST applicable on Reverse Charge basis on Amount Paid for Reimbursement of Stamp Tax as Pure Agent: AAR

Interest of only refundable duty is admissible under Section 11BB and not of Penalty and fine: CESTAT

If Tax has not reached Govt, then the Liability may have to be borne by One Party, either the Seller or the Buyer: Madras HC

Customs Duty paid in Good faith shall be Refunded to victims of Fraud: Madras HC allows Partial Refund

Mere Transfer of Possession of Land to Developer under MoU not sufficient to prove ‘Sale’: ITAT Quashes Assessment solely based on TDS Statement

Tribunal’s Power to Review does not include reappreciation of facts and modification of Order: ITAT

Investment in Penny Stock can’t be a sole ground for Disallowance If Assessee’s Intention was not to make Gain out of Share Transactions: ITAT

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2021-04-20 06:27:00 Another IBC suspension on cards? FinMin begins industry consultations.

According to industry sources, the Finance Ministry has started consultations with the industrialists and industry officials to understand the impact of second wave on businesses.

As the second wave of COVID-19 intensifies across the country, the government is looking to reintroduce mortorium on new cases being tried under Insolvency and Bankruptcy Code (IBC).

The government's earlier suspension of bankruptcy action against corporate defaulters expired on March 24 this year.

The banks have been planning to take a new set of defaulters to the NCLT to retrieve loans through insolvency process.

"Many corporate defaulters have been hiding behind suspension and extracting the maximum possible financial benefits in the last one year," said a banker.

@HubofCA ओपन / कमेंट

2021-04-19 18:03:57 Posted as Received
—————————
Donate Plasma Save Lives!!

If you have recovered recently from COVID, Pls come forward to help CA fraternity

Donate Plasma

Online Form: Here

Regds:
ICAI-JAIPUR

@HubofCA ओपन / कमेंट