• bankruptcy

Pendency of criminal proceedings u/s 498A of IPC makes a person not fit and proper to become IP

7 years ago

Pendency of criminal proceedings u/s 498A of IPC makes a person not fit and proper to become an Insolvency Professional.…

  • bankruptcy

Income Tax/Sales Tax Department are Operational Creditor under IBC 2016 – NCLAT

7 years ago

Income Tax/Sales Tax Department and local authority are Operational Creditor under Insolvency and Bankruptcy Code, 2016 - NCLAT ABCAUS Case…

  • GST

Transporters can be proceeded against under UPGST Act despite not seller/purchaser of goods

7 years ago

Transporters/Trucks owners can be proceeded against under UPGST Act despite not doing business in respect of sale/ purchase of goods…

  • Finance Ministry

Rate of Exchange of conversion of Foreign Currencies from 21.03.2019

7 years ago

Rate of Exchange notified for conversion of the Foreign Currencies into Indian currency or vice versa with effect from 21st…

  • Income Tax

The “Yeddy Diaries” entries prima-facie of doubtful nature-CBDT refutes media report

7 years ago

The "Yeddy Diaries" entries prima-facie of doubtful nature- CBDT refutes media report The Congress today demanded an investigation after a…

  • GST

IGST/Compensation Cess exemption under Export promotion Schemes extended upto 31.03.2020

7 years ago

Extension of IGST/Compensation Cess exemption under Advance Authorisation, EPCG & EOU scheme upto 31.03.2020. Amendments to FTP 2015-2020 MINISTRY OF…

  • Income Tax

Section 50C can be applied after claiming exemption u/s 54EC – High Court

7 years ago

Section 50C can be applied after claiming exemption u/s 54EC of the Income Tax Act. Any other interpretation would render the provisions redundant…

  • Income Tax

No deemed dividend u/s 2(22)(e) when assessee not beneficial owner of shares – High Court

7 years ago

No deemed dividend u/s 2(22)(e) when assessee not the beneficial owner of shares. Issue pending before larger bench of Supreme…

  • Income Tax

Seat of ITAT not AO decides jurisdiction of High Court to which appeal would lie

7 years ago

Seat of ITAT not AO decides jurisdiction of High Court to which appeal would lie. High Court explains the law…

  • Income Tax

Amount forfeited on default of installment for purchase of property held capital in nature

7 years ago

Amount forfeited on default of installment for purchase of property was capital in nature as the amount was fixed irrespective…