Disallowance u/s 40A(2)(b) AO has to form opinion if expenses more than FMV according to legitimate needs of business. ABCAUS Case Law Citation:ABCAUS 3344 (2020) (07) ITAT Important case law relied upon by the parties:Flour Mills Vs. ACIT (2009) 314 ITR 1 (Guj.)CIT Vs. Shatrunjay Diamonds (2003) 261 …
Relaxations relating to procedural matters in Takeovers and Buy-back to apply to open offers and buy-back through tender offers Securities and Exchange Board of India CIRCULARSEBI/HO/CFD/DCR2/CIR/P/2020/139 July 27, 2020 ToAll Listed EntitiesAll Recognized Stock ExchangesAll Registered Merchant Bankers Dear Sir/Madam, Sub: Relaxations relating to procedural matters –Takeovers and …
Special Court for trial of u/s 435 of Companies Act 2013 notified for Assam MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th July, 2020 S.O. 2445 (E).—In exercise of the powers conferred by section 435 of the Companies Act, 2013 (18 of 2013), the Central Government, with …
Proceeding against Company Director for FERA contravention. Necessary ingredients are similar to section 141 of Negotiable Instrument Act – SC ABCAUS Case Law Citation:ABCAUS 3343 (2020) (07) SC Important case law relied upon by the parties:S. M. S. Pharmaceuticals Ltd. Vs. Neeta Bhalla and another, (2005) 8 SCC …
ICAI offers Financial Assistance for treatment of Corona disease ICAI Financial Assistance for Corona disease The Institute of Chartered Accountants of India (ICAI) in view of the difficulties being faced by Members due to Covid-19 pandemic, has decided to grant Medical Financial Assistance to its Members and their …
ICAI clarification on illegal and unauthorised use of acronym “ICAI” by Institute of Cost Accountants Illegal and unauthorised use of acronym “ICAI” Institute of Chartered Accountants of India (ICAI) has clarified on the issue of alleged illegal and unauthorised use of the acronym “ICAI” by the Institute of …
