posted: "INCOME TAX : Where AO issued a reopening notice against assessee on ground that an information was received from AIMS module that shares sold by assessee were of penny stock, since such information with regard to transactions of penny stock entered into b"
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posted: "COMPANY LAW : Since provisions of section 122 provide for specific performance of contract to subscribe for debentures and same can be enforced by a decree, action pertaining to allotment or forfeiture of debentures can be questioned before civil courts a"
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posted: "MCA has notified the Companies (Appointment and Qualification of Directors) Amendment Rules, 2021 whereby rule 6 has been amended to exempt (a) an advocate of a court; or (b) in practice as a chartered accountant; or (c) in practice as a cost accountant; "
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posted: "MCA has notified the Companies (Creation and Maintenance of databank of Independent Directors) Second Amendment Rules, 2021. A new rule 6 has been inserted requiring the Institute to submit an annual report on the capacity building of independent director"
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posted: "The Central Board of Indirect Taxes and Customs has notified the rate of exchange of conversion of the foreign currencies into Indian currency or vice versa, with effect from 20th August, 2021, for import and export of goods.The Central Board of Indirect "
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posted: "INCOME TAX : Where Assessing Officer computed disallowance of expenses incurred on earning exempt income by invoking provision of rule 8D by having regard to books of account of assessee and considering fact that although assessee had made investment in s"
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