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Monday, 21 March 2022

Daily digest for Gupta Chandan & Associates, on March 21, 2022

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posted: "INCOME TAX : Where assessee engaged in business of installation of computer and providing after-sale services had been making provision consistently for replacement of batteries qua computers and in past, whatever provisions remained unutilized were offer"
posted: "The Income-tax Dept. has conducted a Search amp; Seizure operation on a Pune amp; Thane based unicorn start-up group. During the search operation, a complex hawala network of some Mumbai and Thane-based shell companies was unearthed. Preliminary analysis "
posted: "COMPANY LAW/SEBI : Section 188 of Companies Act as well as regulation 23 of LODR does not prohibit related party entities from voting for recalling/rescinding resolution which is passed earlier by companyCOMPANY LAW/SEBI : Section 188 of Companies Act as "

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