Case Covered: S. Dilliraj Versus The Deputy Director, The Directorate of Enforcement Facts of the Case: Undisputed facts: First Leasing Company of India Limited (in short “FLCI”) was a company incorporated under the Companies Act, 1956 and was into the business of giving industrial finance.
Case Covered: R. Viswanathan Versus The Assistant Director, Directorate of Enforcement Facts of the Case: The incontrovertible facts are as under: Viswanathan (1 st petitioner/A.1) was into the business of imports and exports in the name and style of “Mercantile India”. Between 1999-2002, Viswanathan (A.1)
Case Covered: L.Sivaramakrishnan Versus The Deputy Director, The Directorate of Enforcement Facts of the Case: First Leasing Company of India Limited (in short “FLCI”) was a company incorporated under the Companies Act, 1956 and was into the business of giving industrial finance. Of course, it
Case Covered: M/s Bharat Acid And Chemicals Versus Union of India Related Topic: Gujarat HC in the case of Cosmo Films Limited Versus Union of India Facts of the case: The facts of this case are very gross and shocking. Serious allegations have been levelled
Highlights of Budget 2021-22 As we all are aware that the Budget for 2021-22 was announced on 1 st February 2021. Here is the complete compilation of all major amendments. 1. Income Tax Act • For Individual Taxpayers a) There is no change in Tax
Explanatory Memoranda to Notification Nos. 02/2021-Customs to 15/2021-Customs, dated 1st February 2021 S. No. Notification No. Description 1 02/2021-Customs, dated 1st February 2021 Seeks to further amend notification No. 50/2017-Customs dated 30th June 2017 so as to prescribe effective rate of Basic Customs Duty (BCD)
Notification No. 2/2021-Customs [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 2/2021-Customs New Delhi, the 1st February 2021 G.S.R. (E).- In exercise of the powers conferred by
Notification S.O.471(E).- In exercise of powers conferred by section 3 of the Direct Tax Vivad se Vishwas Act, 2020 (3 of 2020), the Central Government hereby makes the following amendment in the notification of the Government of India, Ministry of Finance ( Department of Revenue),
Introduction:- The Hon’ble Union Finance Minister Nirmala Sitharaman has presented the Union Budget 2021 of India on the 1st of February, 2021. Budget 2021 is aimed at reviving an economy that plunged into deepest recorded slump amid the COVID-19 pandemic. In her speech, Hon’ble Madam
Budget 2021 – GST Things You Must Know! Section 7. Scope of supply (To be amended w.e.f. 1.07.2017) For the purposes of this Act, the expression “supply” includes — (a) all forms of supply of goods or services or both such as sale, transfer, barter,
