President Approves Promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018. The President today gave assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018. The Ordinance provides significant relief to home buyers by recognizing their status as financial creditors. This would give them due representation in …
The Insolvency and Bankruptcy Board of India (Board/IBBI) has invited Expression of Interest (EOI) from Insolvency Professionals to be in the Panel under Insolvency Professionals to act as Interim Resolution Professionals or Liquidators (Recommendation) Guidelines, 2018. In terms of the aforesaid guidelines, the Board shall prepare a Panel …
Prosecution under section 276B – Name appearing in Traces module would not make accountant a director or principal officer u/s 2 (35) of Income Tax Act. To invoke Section 276B mere fact that accused was working in accounts department would not mean that he automatically becomes person liable …
Prosecution against accountant u/s 276 B for delay in deposit of TDS quashed. The Court asked why instead of treating directors as principal officers the Income Tax Department was hell-bent in prosecuting its small-time employee. The Court warned the ITO that false deposition can make him face criminal …
Draft Customs Finalisation of Provisional Assessment Regulations 2018-CBIC invites Comments. Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes and Customs) ***** Notification No.—-/2018-Customs (N.T.) New Delhi, the ___June, 2018 G.S.R.—(E). – In exercise of the powers conferred by clause (d) of section 157 …
No loss damage to Nirav Modi Mehul Choksi case records-CBDT Clarification on fire at Income Tax Office, Mumbai News reports have been appearing in some sections of the media alleging that records & documents relating to investigation into the Nirav Modi/Mehul Choksi case have been destroyed in the …
