Mumbai: The tax uncertainty faced by non-resident Indians (NRIs) which the Budget didn’t address and difficulties that companies may run into following the proposal to dismantle Income Tax Settlement Commission (ITSC) have triggered court cases.
On Wednesday, the Supreme Court directed the apex tax body Central Board of Direct Taxes (CBDT) to respond to a representation from an NRI, who may be exposed to higher tax, for having overstayed in India due to Covid-19. And, on Tuesday, Saravana Bhavan, the largest chain of restaurants serving South Indian food, filed a petition before the Madras High Court to direct ITSC, which was formed to settle complex tax disputes, to accept its application.
On Saturday 30 January, Ramatlakane announced that three Prasa executives had overstayed the five-year terms of their contracts and had their employment terminated. The three are Ngoye, Nkosinathi Khena and Pearl Munthali. Ngoye was group head of legal, risk, and compliance. The other two were on suspension.
Ramatlakane also announced that “Prasa has also resolved to institute legal proceedings against Ms Ngoye for unlawfully approving payment of R58-million to SA Fence & Gate when she had no authority to do so,” and against Khena for, “financial loss it suffered due to unlawful conduct of Mr Khena”.
Ngoye has been the central figure at the rail agency in its fight against corruption. She has helped Prasa win court victories against Swifambo, Siyangena, and Siyaya. It was Ngoye’s defiance that rebuffed Judge Tintswalo Makhubele’s attempt to improperly settle with Siyaya. Further, Ngoye’s testimony at the State Capture Commission revealed the depths of former CEO Lucky
Finance Minister Nirmala Sitharaman in her Budget speech on Monday kept income-tax rates untouched but announced a slew of measures to simplify tax administration, ease compliance, and reduce litigation to boost revenue. These include a dispute resolution committee for small taxpayers, a faceless income tax appellate tribunal (ITAT), addressing double taxation concerns for non-resident Indians, exempting senior citizens from income tax return filing, and reducing the reassessment window to three years from six years in normal cases. Besides, the Budget proposed abolishing the under-performing, authority of advance ruling, to replace it with a two-member board of advance ruling. It will be chaired by an officer not below the rank of chief commissioner. Advance rulings of such a board shall not be binding on the applicant or the department and could be appealed before the high court.
Governor Muhammadu Inuwa Yahaya of Gombe state has congratulated former Director General/ Chief Executive Officer of the National Pensions Commission, Mallam Muhammad Kabir Ahmad on his appointment as the Chairman, Board of Transmission Company of Nigeria, TCN.
Governor Yahaya, in a statement, described Malam MK Ahmad as a man of impeccable character with track records of meritorious service in both public and private sectors.
He also recalled the contributions of Malam MK Ahmad as Chairman of the Gombe state Transition Committee during which he displayed uncommon courage, brilliance and leadership acumen.
He commended President Muhammadu Buhari for appointing the seasoned administrator and financial expert, whom he described as an illustrious son of Gombe and cerebral figure of international recognition.
Galway Bay FM
19 January 2021
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Galway Bay fm newsroom – The interim board of management of the city’s newest secondary school has announced its new name.
The amalgamated school, consisting of St Mary’s College Galway and Our Lady’s College – formerly the Presentation and Mercy Colleges – will be known as Coláiste Muire Máthair.
With its future enrollment estimated at 1,000 pupils, Coláiste Muire Máthair will be located at the current St Mary’s College campus.
The interim board of management says the new secondary school will be an inclusive Catholic co-educational voluntary school under the joint trusteeship of CEIST and the Diocese of Galway, Kilmacduagh and Kilfenora.