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IBBI extends time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016 Insolvency and Bankruptcy Board of India7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Circular No. IBBI/LIQ/80/2024 09th January, 2025 To All Registered Insolvency Professionals All Recognised Insolvency Professional …
IRDAI has notified the Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2025 The objective of IRDAI (Regulatory Sandbox) Regulations 2025 is to create a Regulatory Sandbox to facilitate innovation in the insurance sector while ensuring orderly development of the insurance sector and protection of interests …
Assessee not expected to prove the negative that he has not availed fictitious loan – ITAT In a recent judgment, Chennai ITAT quashed revisionary proceedings u/s 263 holding that assessee cannot be expected to prove the negative that he has not availed fictitious loan in the absence of …
RBI has not instructed banks to require CA certificate on unaudited Financial Statements or certify identity and address of a loanee. Reserve Bank of India, reply to an application filed by CA Pranav Pramod Ashtikar under Right to information Act (RTI) 2005, has clarified about banks/financial institutions requiring …
In UP schools are exempted from house tax but not from water tax & sewerage tax – Allahabad High Court In a recent judgment, Allahabad High Court has held that In Uttar Pradesh schools are exempted from house tax but no such exemption is available for levy of …
Enabling filing of Application for special procedure for rectification of order as per Notification No. 22/2024-CT, dt. 08/10/24, 2024 GSTN Enables filing of Application for special procedure for rectification of order to be followed by the class of registered persons against whom any order under section 73 or …
One can’t keep possession of End-of-Life vehicle beyond 180 days w.e.f. 01.04.2025 The Ministry of Environment, Forest and Climate Change (Central Government) has notified the Environment Protection (End-of-Life Vehicles) Rules, 2025. They shall come into force from 1st day of April, 2025. The Rules apply all types of …
Procedure for export of certified organic products – DGFT issues Public Notice Director General of Foreign Trade (DGFT) has issued a Public Notice specifying procedure for export of certified organic products. In suppression of its earlier Public Notice No. 73(RE-2013)2009-2014 dated 18.11.2014 and Public Notice No. 10/2015-2020 dated …
CBDT exempts International Financial Services Centre (IFSC) from TCS under sub-section (1H) of u/s 206C Sub section (1H) of Section 206C of the Income Tax Act, 1961 (the Act) provides that every seller, who receives any amount as consideration for sale of any goods of the value or …
Addition of income or levy of taxes or denial of exemption would be a burden of the Revenue Authority – ITAT In a recent judgment, ITAT Jodhpur while holding that the land was not situated within municipal limits, observed that under the present statutory scheme, it is the …
