Judgement:- The Delhi High Court restrained the Solar Energy Corporation of India (SECI) from invoking bank guarantees furnished by Solar Energy Developer. Facts of the case:- The dispute between Petitioner, Solar Energy Developer and SECI was regarding the delay in commissioning of solar power project caused …
1. The Ministry of Finance has extended the deadline for making a declaration under Vivad Se Vishwas Scheme till 31′ January 2021 from 31st December 2020. The date for the passing of orders under Vivad Se Vishwas Scheme, which are required to be passed by 30th …
1. The government on Wednesday further extended the deadline to file income tax returns (ITRs) for the financial year 2019-20 (the assessment year 2020-21) for individual taxpayers by 10 days till January 10, 2021, in wake of the ongoing Covid-19 pandemic. In a tweet, the I-T …
1. The Security and Exchange Board of India (SEBI) imposed a penalty of Rs 5 crore on NDTV for its failure to disclose price-sensitive information about VCPL loan agreements. However, the company denied the charges and said it will appeal against the ruling of the Market …
1) The Committee on Public & Government Financial Management of ICAI is pleased to announce the 7th(morning) & 8th (evening) online batch of Certificate Course on Public Finance & Government Accounting commencing from 10th January 2021 in the morning (on weekends only-Saturday & Sunday) as per the schedule …
1. The Quality Review Board (QRB) reviewed all aspects of how an audit was performed in entities selected on a risk-based approach and came up with the Audit Quality Review 2019-20. 2. Dr Parvinder Sohi Behuria, Chairperson of the QRB said that with closed businesses and …
Judgement:- The Customs, Excises, Service Taxes Appellate Tribunal (CESTAT), New Delhi Bench held that the mistake in Depositing Service Tax can’t be a reason to deny Refund. Facts of the case: The appellant is operating as a unit of M/s Seaview Developers Ltd. in a Special …
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench in a major relief to the Tata Trusts quashed the revised assessment order passed by the tax department. Facts of the case:- The Commissioner of Income Tax had taken a view that the Trusts may have violated the …
1. The Digital Accounting Assurance Board of The Institute of Chartered Accountants of India (ICAI) invites comments on the following exposure drafts of Forensic Accounting and Investigation Standards(FAIS): Exposure Draft on Standard on Forensic Accounting and Investigation (FAIS) – Communication with Stakeholders – 250 (Click here to …
1. Ministry of Corporate Affairs has inserted Rule 9A w.e.f. 26th January 2021 in the Companies (Incorporation) Rules, 2014 to further extend the time period of the name reserved through SPICE+ under Rule 9 upon payment of certain fees. 2. Rule 9A provides that the Registrar …