Sovereign Wealth Fund

Budget 2021 proposes Relaxation in conditions for Exemption to Sovereign Wealth Fund & Pension Fund [Read Finance Bill]

February 1, 2021

Central Government - MIC Redwood - RSC Limited - sovereign wealth fund - Abu Dhabi - taxscan

Central Govt. specifies the MIC Redwood 1 RSC Limited as Sovereign Wealth Fund for Abu Dhabi [Read Notification]

November 3, 2020

Foreign Tax Exemption - Wealth Fund Investments - Budget 2020 - Taxscan

Budget 2020: Proposal for 100% Tax Exemption for Foreign Sovereign Wealth Fund Investments in India.

February 1, 2020

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concealment in the return of income - ITAT - Taxscan

Penalty can’t be levied when there is No Concealment in Income Tax Return: ITAT [Read Order]

February 24, 2021

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while deleting the penalty under section 271(1)( c) of the Income Tax Act, ruled that the penalty can not be levied when there is no concealment in the return of income. The assessee, M/s. Balee Plastics Pvt. Ltd. is a company engaged in the business of manufacturing […]

GST - Betel Nut - AAAR - Nizam Pakku - AAR - Taxscan

5% GST on ‘Nizam Pakku’ betel nut: AAAR sets aside AAR order [Read Order]

February 24, 2021

The Tamil Nadu Appellate Authority of Advance Ruling (AAAR) while setting aside the AAR’s ruling held that only 5% GST on “Nizam Pakku” betel nut. The appellant, M/s S.A. Safiullah is owned by Abdul Razak Safiullah and is engaged in trading of Betel nut, under the name and style “Nizam Pakku” and the said brand […]

Honda Cars - CENVAT Credit - CESTAT - Taxscan

CESTAT quashes demand for reversal of CENVAT Credit against Honda Cars [Read Order]

February 24, 2021

The Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT) quashed the demand for reversal of CENVAT Credit against Honda Cars. The appellants, Honda Cars are engaged in packing and labelling of automobile parts and safety headgear. The appellants are also engaged in trading of dyes which they get manufactured on job work and appellants are […]

ICSI - Last Date to Register for CSEET - Taxscan

CS Exam: ICSI announces Last Date to Register for CSEET

February 24, 2021

The Institute of Company Secretaries of India (ICSI) notified 15th April, 2021 as a Last Date to Register for CS Executive Entrance Test (CSEET). The CSEET 2021 application form for May session has been released on December 16, 2020. Candidates can register for the exam till April 15, 2021. CSEET 2021 exam for May session […]

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Penalty can’t be levied when there is No Concealment in Income Tax Return: ITAT [Read Order]

February 24, 2021

5% GST on ‘Nizam Pakku’ betel nut: AAAR sets aside AAR order [Read Order]

February 24, 2021

CESTAT quashes demand for reversal of CENVAT Credit against Honda Cars [Read Order]

February 24, 2021

CS Exam: ICSI announces Last Date to Register for CSEET

February 24, 2021

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