• bankruptcy

Non-redemption not make preference shareholders creditors or debt of company

10 months ago

Non-redemption does not result in preference shareholders becoming creditors or debt of the company – Supreme Court In a recent…

  • Income Tax

CIT CPC to initiate rectification of orders passed through interface between AO & CPC

10 months ago

CBDT has issued Notification No. 155/2025 dated 27.10.2025 authorising Commissioner of Income Tax, Centralized Processing Centre, Bengaluru  to pass rectification…

  • GST

CBIC assigns Proper Officer u/s 74A, u/s 75(2) & u/s 122 of CGST Act, 2017

10 months ago

CBIC assigns proper officer under section 74A, section 75(2) and section 122 of the Central Goods and Services Tax Act,…

  • Companies Act

MCA establishes ten new offices of ROC for registration of LLPs

10 months ago

MCA establishes Ten new offices of Registrars of Companies in India for registration of LLPs The Ministry of Corporate Affairs…

  • Income Tax

Reliance on decision which is sub-judice wouldn’t make assessment order erroneous

10 months ago

Merely because the decision of the High Court followed by Ao was sub-judice before the Supreme Court it would not…

  • Income Tax

Deduction of interest on borrowings invested in capital of firm allowed against interest on capital

10 months ago

Deduction of interest on borrowings invested in capital of firm allowed against interest on capital under the head profit and…

  • DGFT

DGFT clarifies applicability of restriction on silver jewellery import by units in SEZs

10 months ago

DGFT Clarification on applicability of restriction imposed on silver jewellery import by units located in Special Economic Zones (SEZs) Government…

  • Income Tax

Information gathered in an illegal search can’t be used in an illegal proceeding

10 months ago

Even if search held invalid, information or material gathered may be relied upon by revenue only in a proceeding which…

  • Excise/Custom

FAQs on new merged Customs notification dated 24.10.2025 & consequential amendments 

10 months ago

FAQs on the new merged Customs notification dated 24.10.2025 and consequential amendments  CBIC has issued Notification No. 45/2025-Customs dated 24.10.2025…

  • Income Tax

Amendment to section 50C w.e.f. 01.04.2019 to apply retrospectively w.e.f. 01.04.2003

10 months ago

Amendment to section 50C w.e.f. 01.04.2019 was to apply retrospectively w.e.f. 01.04.2003, when the section 50C was brought into statute…