Income Tax appeals cannot be proceeded with during the continuance of the proceedings under IBC ABCAUS Case Law CitationABCAUS 3611 (2022) (09) ITAT Important Case Laws relied upon by parties Ghanashyam Mishra And Sons vs Edelweiss Asset Reconstruction (2021) 126 taxmann.com 132 (SC)Mahavir Roads & Infrastructure Pvt. Ltd., …

CBIC has Guidelines for filing/revising TRAN-1/TRAN-2 in terms of order of Hon’ble Supreme Court.    In terms of Hon’ble Supreme Court’s judgment in Union of India vs. Filco Trade Centre Pvt. Ltd. CBIC has issued Circular No.180/12/2022-GST dated 9th September, 2022    In accordance with the directions of …

GST applicable on service charges levied on cash deposited by non-chest bank branches to the Currency Chests – RBI Clarification  RBI has clarified the applicability of GST on the service charges levied on cash deposited by non-chest bank branches to the Currency Chests. It has been clarified that …

Definition of secured creditor in IBC does not exclude Government or Governmental Authority – Supreme Court ABCAUS Case Law CitationABCAUS 3610 (2022) (09) SC Important Case Laws relied upon by parties Swiss Ribbons (P) Ltd. v. Union of IndiaVishal Saxena & Anr. vs. Swami Deen Gupta Resolution ProfessionalAssistant …

Guidelines for launching of Prosecution under the Central Goods & Services Tax Act, 2017   Finance Ministry has issued Instruction No. 04/2022-23 (GST-Investigation) dated 1st September 2022 issuing Guidelines for launching of Prosecution under the Central Goods & Services Tax Act 2017  Prosecution is the institution or commencement …

MCA amends Charge Forms to accommodate signing by insolvency resolution professional or resolution professional or liquidator   The Companies (Registration of Charges) Second Amendment Rules 2022. MCA has amended  the Companies (Registration of Charges) Rules, 2014 providing for signing of charge e-forms by insolvency resolution professional or resolution …