NCLAT or NCLT cannot sit in an appeal over the commercial wisdom of Committee of Creditors – Supreme Court  ABCAUS Case Law Citation ABCAUS 3601 (2022) (06) SC Important case law relied referred:Arun Kumar Jagatramkav. Jindal Steel and Power Limited and AnotherK. Sashidhar v. Indian Overseas Bank and …

CBDT Clarification regarding Form No 10AC issued till 03.06.2022 for provisional registration/Approval u/s 12AB or 10(23C) CBDT Clarification regarding Form No 10AC issued till 03.06.2022 The Finance Act, 2022 has inserted sub-section (4) in section 12AB of the Income-tax Act, 1961 (the Act) allowing the Principal Commissioner or …

Certificate of Practice (COP) to be given to CA on completion of one year work post qualification experience with a FCA COP to be given to CA on completion of one year experience with a FCA.  ICAI notifies draft of Chartered Accountants (2nd Amendment) Regulations, 2022 to amend …

Functionality of 6% tax rate in GSTR-1 online added except HSN table 12 Addition of 6% tax rate in GSTR-1 online It may be noted that 6% tax rate has been added in the item details section of all the tables of form GSTR-1, except HSN table 12. …

Procedure for seeking prior approval for change in control of Portfolio Managers SECURITIES & EXCHANGE BOARD OF INDIA CIRCULAR SEBI/HO/IMD-1/DOF1/P/CIR/2022/77 June 02, 2022 To,All Portfolio Managers Sir / Madam, Subject: Procedure for seeking prior approval for change in control of Portfolio Managers 1. Regulation 11(aa) of SEBI (Portfolio …

Notice u/s 148 – at this stage what is required is a reason to believe and not to establish fact of escapement of income – Supreme Court upholds High Courts order ABCAUS Case Law CitationABCAUS 3600 (2022) (06) SC Important case law relied referred:Alliance Filaments Ltd. v. The …