posted: "INCOME TAX : Where even prior to assessment, assessee produced material before Assessing Officer which evidenced that each of Units of assessee employed more than 10 workers, assessee fulfilled conditions required for claiming deduction under section 80-I"
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posted: "GST/EXCISE/ST/VAT : Where appellant had entered into agreement with FSE, whereby FSE had agreed to cause appearance and participation of Vijay Amritraj a renowned player in a tournament organized by appellant against payment of agreed consideration, servi"
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posted: "INCOME TAX : Where Assessing Officer on meticulous appreciation of evidence on record allowed claim of assessee of depreciation on leasehold right held by it in a land by treating it as intangible asset, impugned invocation of revision under section 263 a"
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posted: "The Market Regulator, SEBI has come up with consultative paper on re-classification of promoter/ promoter group entities and disclosure of the promoter group entities in the shareholding pattern. As a result, listed entities shall make an application to S"
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posted: "INCOME TAX : Where reopening notice was issued against assessee on basis of information obtained from Investigation Wing that assessee had operated undeclared account with a bank located outside India and carried out unaccounted transactions and made depo"
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posted: "SEBI : Mere withdrawal of trading facility in stock exchange would not ipso facto absolve a trading member of stock exchange from keeping up with other obligations towards Exchange for continuation of its Membership; where after withdrawal of trading faci"
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posted: "INCOME-TAX: Mesne profits and interest on mesne profits received under direction of Civil Court for unauthorised occupation of immovable property of assessee by Indian Overseas Bank being erstwhile tenant of appellant, was liable to tax under section 23(1"
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posted: "INCOME TAX : No fee can be levied u/s 234E in terms of section 200A where date of filing of TDS statement and date of intimation are much prior to 1-6-2015INCOME TAX : No fee can be levied u/s 234E in terms of section 200A where date of filing of TDS stat"
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posted: "INCOME TAX : State Book Publishing Corporation distributing books free of cost, was not liable to tax on government subsidyINCOME TAX : State Book Publishing Corporation distributing books free of cost, was not liable to tax on government subsidywww.taxma"
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posted: "INCOME TAX : Where there was no doubt about genuineness of objects of society for grant of registration under section 12AA, Tribunal was correct in directing Commissioner (Exemption) to grant registration to society, irrespective of findings of Commission"
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posted: "INCOME TAX : Where assessee did not disclose about sale of lands and windmill in return of income and it was only when AO, on basis of information received from Registration Department, issued notice u/s 143(2) that assessee, for first time stated that du"
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posted: "In addition to the ASBA, the SEBI has decided to provide an option to investors to apply in public issues of debt securities through the app / web interface of Stock Exchange(s) with a facility to block funds through Unified Payments Interface (UPI) mecha"
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posted: "CBIC has received request from field formations for clarification on holding of Pre-Show Cause Notice Consultation with assessee. Now, it is clarified that Pre-Show Cause Notice consultation with assessee mandatory in cases where demand of duty is above 5"
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posted: "CBIC received representation regarding the eligibility of the exemption for durable containers which do not conform to the standard marine container dimensions, but which are intended for temporary import and eventual re-export. Now, CBIC issued procedure"
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posted: "Since the late 1990s/ early 2000, there have been reports of Indian's having astronomical sums of unaccounted money and assets stashed away overseas, that have raised severe apprehensions. Even the Hon'ble Supreme Court in Ram Jethmalani v/s Union of Indi"
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posted: "During the course of a Search and Seizure action, it is seen in practice that incriminating material in the form of documents, diaries and other evidences are found which sometime reflects undisclosed income of an assessee only for a particular limited pe"
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posted: "Regular receipt of money from a specified source is chargeable to tax as income. Thus occasional capital receipt whether would obtain the character of income was debated long ago and the income-tax law of most of the countries now provide for taxation of"
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posted: "'Technical' contravention subject to minimum compoundable amount, format for public disclosure of compounding orders revised.'Technical' contravention subject to minimum compoundable amount, format for public disclosure of compounding orders revised.taxma"
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posted: "INCOME TAX : Where settlement was just, fair and proper and in interest of revenue, and stood accepted without any protest or demur, after a period of one year from settlement, revenue could not be allowed to challenge said order only on basis of a single"
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posted: "COMPANY LAW : Once Act itself provides for a voluntary revision of financial statements or Board's reports, in circumstances mentioned therein, contention of Income-tax Department that allowing petitioner-company to revise its financial statements affects"
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posted: "INCOME TAX : Where assessee claimed deduction on account of miscellaneous expenditure under section 37(1) but failed to produce relevant evidence to justify said expenditure, Assessing Officer was justified in making adhoc disallowance of sameINCOME TAX :"
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posted: "Reserve Bank of India had constituted an Internal Working Group (IWG) on June 12, 2020 to review extant ownership guidelines and corporate structure for Indian private sector banks. ON Nov 20 2020, the RBI's IWG panel in its report has suggested major rec"
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posted: "The International Financial Services Centres Authority has notified the International Financial Services Centres Authority (Banking) Regulations, 2020 whereby various provisions related to setting up of a banking unit, prudential regulatory requirements, "
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posted: "The Income Tax Department started a search and survey action in the case of a leading cattle feed producer in Northern India. The main allegations against the group are that it has taken accommodation entries of more than Rs.100 crore in the form of non-"
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posted: "The Income-tax Act 1961 (the Act) is an engaging enactment and one of the most interesting chapters is. "Capital Gains". In the chapter dealing with capital gains, the legislature felt the necessity to make adequate provisions to safeguard the interest o"
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posted: "Assessment framed catering the demonetization period - To start with, demonetization was announced on the night of 8th November 2016 due to which the Specified Bank Notes (SBN) did not remain the legal tender. The said period falls in the financial year 2"
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posted: "The Reserve Bank of India had constituted an Internal Working Group (IWG) on June 12, 2020, to review extant ownership guidelines and corporate structure for Indian private sector banks.The Reserve Bank of India had constituted an Internal Working Group ("
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posted: "The market regulator, SEBI has proposed to reduce the minimum offer size in an initial share-sale, whereby companies with a post-issue capital of above Rs 10,000 crore would be required to offer at least 5 per cent stake in IPOThe market regulator, SEBI h"
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posted: "To further streamline and strengthen the delisting process / regulations, SEBI has proposed to enhance disclosures to help investors to take informed investment decisions, refine process, rationalilse existing timeline and plug gaps.To further streamline "
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posted: "The market regular. SEBI has issued report on disclosure pertaining to analyst meets, investor meets and conference calls. The report suggested that written transcripts of post-earning conference calls should be made available on websites of listed compan"
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posted: "INCOME TAX : SLP dismissed against impugned order of High Court holding that assessee having resorted to remedy of appeal against section 144 assessment order and section 271(1)(c) proceedings, Writ Petition against same cause of action and same orders wo"
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posted: "The market regulator, SEBI on November 18.11.2020 has issued an informal Guidance to the Manaksia Aluminium Company Limited (MACL) whereby it has clarified that company-MACL shall be required to pass Special Resolution under 17(6)(e)(ii) of the LODR norms"
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posted: "The Govt. has notified the International Financial Services Centres Authority (Global In-house Centres) Regulations, 2020. The regulations provides a framework for recognition and operation of Global in- House Centres and for matters connected therewi"
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posted: "SEBI has made amendment to the guidelines for preferential issue and institutional placement of units by a listed InvIT whereby an explanation has been added to the clause 4.1 providing that where any person belonging to sponsor(s) has sold/transferred th"
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posted: "RBI vide Notification dated 18.11.2020 has declared that the provisions of Sections 45-IA, 45-IB and 45-IC of the Reserve Bank of India Act, 1934 (2 of 1934) shall not apply to a NBFC which is a Housing Finance Institution as defined in section 2(d) of th"
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posted: "The Govt. has notified the International Financial Services Centres Authority (Employees' Service) Regulations, 2020. The regulations shall apply to every whole-time employee appointed by the Authority under sub-section 1 of section 11 of the IFSCA Act, 2"
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posted: "Equity is a stranger in the field of taxation laws. However, in recent years there has been a tentative relaxation of the aforesaid principle by the Courts in India especially the Supreme Court while interpreting the provisions of the fiscal statutes alth"
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