On and from the date the application for the start of CIRP is filed, there will be an extra interim moratorium on FSPs. The temporary ban will last until the application is approved or denied. The moratorium outlined in Section 14 of the Code shall be in effect following the Adjudicating Authority’s admission of the CIRP application’s initiation.
Navigate the complexities of Related Party Transactions in business. Understand the regulations, disclosure requirements, and legal framework under Section 188 of the Companies Act 2013 in India. Learn about the thresholds, approval processes, and consequences of non-compliance.
ITAT, Ahmedabad in Joshi Technologies International Inc. v. ADIT held that oil wells are plant and machinery, and accordingly, higher depreciation would be allowed
In today’s era, we all must have heard the term ‘Section 8 Companies’ which are a categorized as Non-Profit Organizations (NPOs) or Non-Governmental Organizations (NGOs).
The introduction of Section 245 of the 2013 Companies Act, which grants shareholders and security holders the ability to bring class action lawsuits, is examined in this essay. The idea of class action lawsuits in its current form was also influenced by analogous provisions in these countries
Nazar na Lagey Mere India ko! Amid global economic challenges, India shines with a resilient economy. Explore India’s growth story, economic indicators, and the positive impact of falling commodity prices. Witness the strength of the Indian economy, poised for significant growth and development in various sectors. #IndiaEconomicGrowth
ITAT Hyderabad held that as addition was not made voluntary but was made only after the search and incriminating evidences found during the search, accordingly, penalty u/s 271(1)(c) of the Income Tax Act towards such addition is sustainable.
ITAT Bangalore held that assessee, being a employees housing co-operative society, is eligible for deduction u/s 80P(2)(d) in respect of interest earned from co-operative banks.
ITAT Ahmedabad held that interest paid on money borrowed for the purpose of business is allowable as business expenditure.
ITAT Jaipur reinforces section 54F’s applicability, highlighting the distinction between actual sale consideration and stamp duty value for capital gains exemption, affirming the principle of real consideration over deemed value for investment in new assets.
