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Archive: 22 July 2023

Posts in 22 July 2023

Towards a Stronger Future: Corporate Restructuring Initiatives

July 22, 2023 1701 Views 0 comment Print

Explore the world of Corporate Restructuring – a strategic process reshaping businesses for short-term and long-term objectives. Understand its types, motives, historical context, and crucial role of professionals. Delve into financial, market, technological, and organizational restructuring methods. Stay informed on global and national perspectives shaping the corporate landscape

CCI: No Dominance in Relevant Market, No Abuse of Competition Act

July 22, 2023 1023 Views 0 comment Print

Explore an in-depth analysis of the case between Devendra Nath and M3M India Pvt. Ltd, dealing with allegations of competition act abuse in real estate.

CCI Clears JKG Construction of Anti-Profiteering Charges

July 22, 2023 660 Views 0 comment Print

CCI dismisses anti-profiteering case against JKG Construction Pvt. Ltd., confirming no additional projects beyond JKG Palm Court were executed.

CCI Dismisses Anti-Profiteering Case: L&T Parel Project LLP

July 22, 2023 591 Views 0 comment Print

Read the full text of the Competition Commission of India’s decision to dismiss Anti-Profiteering proceedings against L&T Parel Project LLP.

Denial of DFRC to DEEC Conversion: CESTAT Ahmedabad Directs to Allow Conversion

July 22, 2023 594 Views 0 comment Print

The CESTAT Ahmedabad ordered a crucial conversion from DFRC to DEEC scheme in the case of Vinny Royal Plasticoates Pvt Ltd vs Commissioner Of Customs. Dive in to understand the case details and implications.

CESTAT Quashes Service Tax Demand on foreign Bank Charges

July 22, 2023 1809 Views 0 comment Print

CESTAT Chennai resolves an issue related to the imposition of service tax on bank charges deducted by foreign banks, setting a precedent that upholds the rights of exporters in India.

No reassessment of Completed/Unabated Assessments Without Incriminating Material: SC

July 22, 2023 4065 Views 0 comment Print

The Supreme Court’s ruling sets a precedent on reassessment proceedings, stating no action will be taken on completed or unabated assessments without incriminating material.

Section 11 exemption cannot be denied for Delayed Form 10B submission

July 22, 2023 2055 Views 0 comment Print

Discover the details of the ITAT Kolkata ruling in the case of India Industrial Mission Vs DCIT regarding the delay in filing Form 10B and the implications for exemption under Section 11 of the Income-tax Act.

ITAT Upholds Enhanced Addition for Unsubstantiated Advertising & Marketing Expenses

July 22, 2023 696 Views 0 comment Print

The ITAT Delhi has upheld the enhanced addition of Advertising & Marketing Expenses in the case of HPL Additives Ltd Vs DCIT, citing the failure to substantiate the business purpose of the expenses.

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