posted: "INCOME TAX : Where aspect of non-deduction of TDS on machine hire charges was discussed by Assessing Authority during original assessment and he allowed said charges, on a mere change of opinion, Assessing Authority could not have invoked reassessment pro"
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posted: "TRANSFER PRICING : Where apart from being a distributor of products manufactured by its AE, assessee manufactured its own products in India under license from AE, AMP expenditure to promote brand would not constitute international transaction requiring an"
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posted: "INCOME TAX : Where Assessing Officer dismissed application for stay of recovery of demand filed by assessee on ground that mere filing of appeal against assessment order before Commissioner (Appeals) was not a valid reason for granting stay of demand, sin"
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posted: "In order to provide an additional avenue for liquidity management to Regional Rural Banks (RRBs), the RBI has decided to extend Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) to Scheduled RRBs.In order to provide an additional av"
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posted: "In order to further strengthen the banks' balance sheets, while at the same time support lending to the real economy, the RBI has decided that banks shall not make any dividend payment on equity shares from the profits pertaining to the financial year end"
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posted: "TRANSFER PRICING : Where apart from being a distributor of products manufactured by its AE, assessee manufactured its own products in India under license from AE, AMP expenditure to promote brand would not constitute international transaction requiring an"
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posted: "The Central Board of Direct Taxes (CBDT), vide circular no. 09/2020 dated 22-04-2020, had issued clarification in form of 55 frequently asked questions (FAQs) on issues related to various provisions of the 'Direct Tax Vivad se Vishwas Act, 2020'. In conti"
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posted: "The Reserve Bank of India (RBI) has announced making available the Real Time Gross Settlement (RTGS) system round the clock on all days of the year with effect from 00:30 hours on December 14, 2020.The Reserve Bank of India (RBI) has announced making avai"
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posted: "In order to reduce licensing uncertainties and enable payment system operators (PSOs) to focus on their business as also to optimize utilization of regulatory resources, the Reserve Bank of India has allowed perpetual validity for payment system operators"
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posted: "Based on requests received from stakeholders and given the sufficient protection available to customers, the RBI has decided to increase the limit from Rs. 2000 to Rs 5000/- per transaction, with effect from January 1, 2021.Based on requests received from"
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posted: "To inculcate discipline and encourage submission of applications by serious players as also for effective utilization of regulatory resources, the RBI has decided to introduce the concept of Cooling Period for Payment System Operators in the specified sit"
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posted: "In a move to boost the use of contactless payments, the Reserve Bank of India has increased the limit for contactless card payments to Rs. 5,000 from Rs 2,000.In a move to boost the use of contactless payments, the Reserve Bank of India has increased the "
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posted: "COMPANY LAW/SEBI : Where charge sheet was filed before trial court against accused AFL, its director 'A' for fraudulent transfer of mutual fund and IL&FS and against applicant Chief Business Head of IL&FS for facilitating him in utilization of sai"
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posted: "INCOME TAX : Provision of section 234F does not offend article 14 of constitution of IndiaINCOME TAX : Provision of section 234F does not offend article 14 of constitution of Indiawww.taxmann.com Latest Case LawsRead More"
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posted: "The Central Board of Direct Taxes (CBDT) has issued circular for deduction of tax at source from salaries. CBDT has explained the obligation of employers with regard to deduction of tax at source from salaries under section 192 of the Income-tax Act, 1961"
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posted: "INCOME TAX : Where petitioner filed writ praying to declare that appointed date of Notification No. S.O. 1419 (E), dated 29-3-2018, which increases exemption limit in respect of amount received as gratuity under Payment of Gratuity Act, 1972 from Rs. 10 l"
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posted: "INCOME TAX : So long as assessee adheres to parameters required to be satisfied under section 10(23C) to avail exemption, it is entitled to said exemptionINCOME TAX : So long as assessee adheres to parameters required to be satisfied under section 10(23C)"
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posted: "In order to facilitating more efficient Liquidity Management for Regional Rural Bank, the Reserve Bank of India (RBI) has issued a statement on development and regulatory policies wherein it has been decided to permit the RRBs to participate in the Call/N"
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posted: "On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent.On the basis"
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posted: ""I know now why confusion in government is not only tolerated but encouraged. I have learned. A confused people can make no clear demands.""I know now why confusion in government is not only tolerated but encouraged. I have learned. A confused people can "
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