Reference in second contract to first contract, would not make arbitration clause ipso facto be applicable to second contract – Supreme Court When there is a reference in the second contract to the terms and conditions of the first contract, the arbitration clause would not ipso facto be …

Mere use of term Islamic world or Islamic Scholars in objects would not make trust created only for a religious community or cast – ITAT In a recent judgment, the Hon’ble ITAT has held that mere use of term Islamic world in objects and particularly the Islamic Scholars …

Disallowance u/s 43B deleted as GST payable was not debited to Profit & Loss account and was paid before due date for filing return of income. In a recent judgment, the Hon’ble ITAT has deleted disallowance u/s 43B as GST payable reported in Tax Audit Report was not …

FAQs – RBI Master Direction on Credit Card and Debit Card – Issuance and Conduct Directions, 2022 Query 1. What should a customer do if a credit card is issued without his/her consent (unsolicited card)? Response: Card issuers are prohibited from issuing unsolicited credit cards and are required to …

Extension of applicability of Peer Review Mandate for CA Firms covered under Phase II & III. Revised Applicability of ICAI Peer Review Mandate  According to FAQ on Peer Review Board issued by ICAI the term “peer” means a person of similar standing. The term “review” means a general …

No disallowance for delayed deposit of PF/ESI prior to judgment of Supreme Court Disallowance of u/s 36(1)(va) for delayed deposit of employees share of PF/ESI contribution prior to the judgment of Hon’ble Supreme Court being debatable, CPC could not have made adjustments u/s 143(1) – ITAT In a …