There is no statutory bar for the Assessing Officer to rectify the assessment order even if an appeal is pending against it – High Court The instant Writ Petition was filed by the appellant assessee against the notice issued under section 154/155 of the Income Tax Act, 1961 …

Draft list of IPs who submitted EoI in accordance with Insolvency Professionals to act as Interim Resolution Professionals or Liquidators (Recommendation) Guidelines, 2018 The Insolvency and Bankruptcy Board of India (Board/IBBI) early this month, had invited Expression of Interest (EOI) from Insolvency Professionals to be in the Panel …

Discharge of Insolvency Professional only when incapacitated either physically or legally. Other ground to attract debar for 5 years.  Insolvency and Bankruptcy Board of India Discussion Paper 21st June, 2018 Subject: Discharge from Responsibility as Interim Resolution Professional, Resolution Professional or Liquidator of the Corporate Processes under the …

There is no bar in filing revised return of income after issue of income tax notice u/s 143(2). There is no such provision in section 139(5) of the Income Tax Act that the assessee cannot file a revised return of income after issuance of notice – ITAT ABCAUS Case …

SEBI in its Board Meeting dated 21st June, 2018 has taken the following decisions: 1. Review of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 The Board has approved certain amendments to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. As part of the amendments, it …

Fresh cases of Panama Papers leaks released by media today are under scanner of enforcement agencies, shall be addressed within a reasonable time frame-Finance Ministry Soon after fresh records of Panama Papers has been released by media with more than 1.2 million fresh documents of which at least 12,000 …