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Abcaus

Supreme Court

Income Tax demands raised subsequent to approval of Resolution Plan invalid – SC

administrator March 20, 2025 bankruptcy, Income Tax, Supreme Court
Approved Resolution Plan is binding on Income Tax Department. Demands raised subsequently are invalid – Supreme Court In a recent judgment, the Hon’ble Supreme Court has held that the approved Resolution Plan is binding on the Income Tax Department and any subsequent demand raised are invalid. ABCAUS Case …
RBI

RBI appoints Indranil Bhattacharyya as Executive Director w.e.f. March 19, 2025.

administrator March 20, 2025 RBI
The Reserve Bank of India (RBI) has appointed Shri Indranil Bhattacharyya as Executive Director (ED) with effect from March 19, 2025. Prior to his promotion as ED, Shri Bhattacharyya was serving as Adviser in the Monetary Policy Department of the Bank. Over a span of nearly three decades, …

Statement recorded u/s 131(1A) instead of section 133A(iii) by survey team invalid

administrator March 20, 2025 Income Tax, ITAT
Statements recorded u/s 131(1A) instead of section 133A(iii) by survey team were invalid hence no addition can be made merely on the basis of invalid statements – ITAT In a recent judgment, ITAT Chennai has held that statements recorded u/s 131(1A) instead of section 133A(iii) by the survey …
additional evidence

ITAT not justified refusing additional evidence without a finding on their relevance

administrator March 20, 2025 High Courts, Income Tax
ITAT was not justified in declining admission of additional evidence without recording finding those documents were not necessary for deciding the case. In a recent judgment, Hon’ble Chhattisgarh High Court held that ITAT was not justified in declining the application for admission of additional evidence as it did …
SEBI digilocker stock market

SEBI to utilise DigiLocker as a means of reducing unclaimed assets in stock market.

administrator March 20, 2025 SEBI
SEBI to utilise DigiLocker as a means of reducing unclaimed assets in stock market. SEBI has decided to use the facility of DigiLocker as a means of reducing unclaimed assets in stock market. As per Circular dated 19.03.2025 SEBI has issued necessary directions and advisory to investors in …
MCA-21 V3 Login

FAQS on MCA-21 V3 Portal Login & Registration, Do’s & Don’ts, common issues & solutions

administrator March 19, 2025 Companies Act
 FAQS on MCA-21 V3 Portal Login & Registration, Do’s & Don’ts, common issues & solutions ICSI has issued Frequently asked Questions on MCA-21 V3 Portal Login & Registration, Do’s & Don’ts, common issues faced and their solutions. FAQS on MCA-21 V3 Portal Login & Registration Q.1 How many …

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