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Archive: 29 January 2023

Posts in 29 January 2023

Writ jurisdiction should not substitute findings of an AO with its own: HC

January 29, 2023 945 Views 0 comment Print

HC held that Writ Court should not in exercise of its writ jurisdiction should substitute the findings of an assessing officer in his order with its own.

Payment for breach of contractual obligation pursuant to arbitration award allowable

January 29, 2023 648 Views 0 comment Print

By no stretch of imagination could it be said that the payment for breach of contractual obligation pursuant to an arbitration award in the pending litigation, cannot be said to have been incurred for any purpose which is an offence or which is prohibited by law.

Redemption Fine cannot be demanded merely for issue of PSI certificate by Branch Office

January 29, 2023 558 Views 0 comment Print

When the question is considered in the larger perspective, it is clear that there is no violation as alleged, more so because the PSI certificate issued by the Branch was subsequently ratified by the DGFT (as reflected in paragraph 25 of the Order-in-Original), which serves the purpose.

Dissection of Provision of Entrenchment of Articles under Companies Act, 2013

January 29, 2023 1923 Views 0 comment Print

Applying provisions or conditions that more restrictive in nature than those applicable to the Company is called as Entrenchment of Articles.

Balancing brand loyalty & price sensitivity in Today’s marketplace

January 29, 2023 924 Views 0 comment Print

Uncover the findings of Hindenburg Research’s 2-year investigation, alleging Adani Groups stock manipulation and accounting fraud of INR 17.8 trillion. Delve into the precarious financial situation, debt concerns, offshore entities, and potential delisting repercussions. Navigate the complex landscape of market integrity and corporate governance.

Decoding the Section 35AC of Income Tax Act, 1961

January 29, 2023 3060 Views 0 comment Print

Section 35AC of the Income Tax Act, 1961, provides a deduction in respect of income derived, or any sum of money paid or deposited, out of the gross total income of an assessee who has entered into any eligible project or scheme approved by the Central Government under this Section.

Standup India: Harnessing the power of Enterpreneurship

January 29, 2023 609 Views 0 comment Print

Explore the Stand Up India initiative driving entrepreneurship, capital investment, and economic inclusion. Learn about registration, eligibility, schemes, tax benefits, and how it empowers SC, ST, and women entrepreneurs.

89% Individual Traders dealing in Equity F&O incurred losses: SEBI

January 29, 2023 5889 Views 0 comment Print

89% of the individual traders (i.e. 9 out of 10 individual traders) in equity F&O segment incurred losses, with an average loss of Rs. 1.1 lakh during FY22, whereas, 90% of the active traders incurred average losses of Rs. 1.25 lakh during the same period.

ICSI Presentation On MCA21 V3 Company module – Set 2 of 56 forms

January 29, 2023 2523 Views 0 comment Print

PRESENTATION ON MCA21 V3 Company module – Set 2 forms 23rd January 2023 Go-Live Set 2 – Forms Count Description Count of Forms 1 Set 2 [Incorporation forms] 10 2 Set 2 [Other forms] 46 TOTAL 56 Set 2– Incorporation forms Sl.No. Form Num Form Name Rule chapter 1 SPICe+ PART A Application for reservation […]

3 Grievance Appellate Committees Notified on recently amended IT Rules 2021

January 29, 2023 942 Views 0 comment Print

Centre today established three Grievance Appellate Committees based on the recently amended Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021

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