Regulation 11 of the listing regulations, inter-alia, provides that any scheme of arrangement / amalgamation / merger / reconstruction / reduction of capital etc. to be presented to any Court or Tribunal does not in any way violate, override or limit the provisions of securities laws or requirements of the Stock Exchanges.
Amadeus IT challenges DCIT’s order on CRS income, PE, and attribution. Key issues include tax liability, PE determination, and expenditure disallowance.
Harmeet Singh Vs Union of India (High Court of Delhi) Detention order under COFEPOSA ACT cannot be quashed merely for delay in Execution It cannot be concluded that the livelink between the prejudicial activity in which the petitioner was found involved on 1-2.02.2019 and the purpose and object of detention, when the detention order was […]
Kotak Mahindra Bank Pvt. Limited Vs Ambuj A. Kasliwal & Ors (Supreme Court) The extracted portion indicates that the High Court has proceeded at a tangent while adverting to the aspect of recovery made towards the loan amount from the land acquisition compensation payable to respondent No.3. The conclusion appears to be that the receipt […]
1. (1) These regulations may be called the Competition Commission of India (Manner of Recovery of Monetary Penalty) Amendment Regulations, 2021. (2) They shall come into force on the date of their publication in the official Gazette.
K. R. Ananad Vs Commissioner of Central Goods And Services Tax (Delhi High Court) Petitioner submits that in this case order was passed by ignoring the mandate of Section 34 of the DVAT Act which prescribes limitation for completion of assessment and provides period of four years. In terms of the Section 34, the assessment […]
Reserve Bank of India has released today the Draft Reserve Bank of India (Credit Derivatives) Directions, 2021. Comments on the Draft Directions are invited from banks, market participants and other interested parties by March 15, 2021.
In re Rajasthan State Industrial Development & Investment Corporation Limited (GST AAR Rajasthan) AAR held that applicant cannot claim the ITC on the input services of construction or works contract procured for the development of an industrial area or the special maintenance expenses or the area. It is admitted by the appellant that they are […]
In re Zuberi Engineering Company (GST AAR Rajasthan) The activities of supply, design, installation, commissioning of irrigation project as per tender document floated by Water Resources Department, a unit of Government of Rajasthan shall attract GST @12% (6% CGST and 6% SGST). FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, RAJASTHAN Note: Under […]
An IFSC deliberately provides Indian corporates with easier access to global financial markets, and to complement and promote further development of financial markets in India. The financial services and transactions that are presently administered in offshore financial centres by Indian corporate entities and overseas branches or subsidiaries of Monetary Institutions like banks, insurance companies, etc. to India will be brought back by an IFSC.
