RBI directs Banks to put in place systems for Automation of Income Recognition, Asset Classification and Provisioning
The Reserve Bank of India (RBI) on Monday has directed banks to introduce an automated IT-based system for asset classification and provisioning. ...
![DGFT notifies Streamlining of UQCs in DGFT’s EDI system & Customs’ ICEGATE [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/09/UQCs-DGFT-EDI-system-ICEGATE-Taxscan.jpeg "DGFT notifies Streamlining of UQCs in DGFT’s EDI system & Customs’ ICEGATE [Read Notification]")
![Assessing Officer rightly disallowed Depreciation on the Purchase of Windmill: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Assessing-Officer-Madras-High-Court-windmill-Taxscan.jpg "Assessing Officer rightly disallowed Depreciation on the Purchase of Windmill: Madras High Court [Read Judgment]")
![Madras HC directs Customs Authority for Provisional Release of Containers of used Rubber Tyre Cut in Two Pieces upon payment of Customs Duties [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Rubber-Tyre-Cut-Taxscan.jpeg "Madras HC directs Customs Authority for Provisional Release of Containers of used Rubber Tyre Cut in Two Pieces upon payment of Customs Duties [Read Order]")
No Retrospective effect for Customs Notification increasing Duty on Peas: Madras High Court [Read Judgment]
The Madurai Bench of Madras High Court consisting of Justice M Sathyanarayan and Justice P Rajamanickam, while dismissing an appeal filed by The Commissioner of Customs, Tuticorin against M/S....
![No Retrospective effect for Customs Notification increasing Duty on Peas: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/retrospective-effect-Customs-Madras-High-Court-Peas-Taxscan-1.jpg "No Retrospective effect for Customs Notification increasing Duty on Peas: Madras High Court [Read Judgment]")
![ITAT deletes Disallowance u/s 14A for want of Recorded Satisfaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-disallowance-Taxscan.jpeg "ITAT deletes Disallowance u/s 14A for want of Recorded Satisfaction [Read Order]")
Madras HC directs E-Ship Global Logistics to release/handover the Bill of Lading to the petitioner [Read Order]
The Madras High Court directed E-Ship Global Logistics to release/handover the Bill of Lading to the petitioner, M/s. Vanathi Exports Private Ltd. The petitioner, M/s.Vanathi Exports Private Ltd....
![Madras HC directs E-Ship Global Logistics to release/handover the Bill of Lading to the petitioner [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/E-Ship-Global-Logistics-Taxscan.jpg "Madras HC directs E-Ship Global Logistics to release/handover the Bill of Lading to the petitioner [Read Order]")
Fly Ash Bricks and Fly Ash Blocks liable to taxed at the rate of 18% and 5% respectively: AAR [Read Order]
The Gujarat Authority of Advance Ruling (AAR) ruled that Fly Ash Bricks and Fly Ash Blocks are liable to be taxed at the rate of 18% and 5% respectively. The applicant M/s. Dipak Kumar Ramjibhai...
![Fly Ash Bricks and Fly Ash Blocks liable to taxed at the rate of 18% and 5% respectively: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/AAR-Fly-Ash-Bricks-Fly-Ash-Blocks-GST-Taxscan.jpg "Fly Ash Bricks and Fly Ash Blocks liable to taxed at the rate of 18% and 5% respectively: AAR [Read Order]")
Patrator liable to take GST Registration and pay GST on Supply of Goods and Services: AAR [Read Order]
The Gujarat Authority of Advance Ruling (AAR) ruled that M/s Patrator liable to take GST registration and pay GST on supply of goods and services. The Applicant, M/s. Patrator is not having GSTIN...
![Patrator liable to take GST Registration and pay GST on Supply of Goods and Services: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/AAR-GST-registration-Taxscan.jpg "Patrator liable to take GST Registration and pay GST on Supply of Goods and Services: AAR [Read Order]")