Unraveling the NCLAT Chennai verdict in the GVK Energy Vs Axis Bank case, underscoring the supremacy of IBC over RBI’s directions in loan agreements.
Review latest SEBI regulations & amendments in July 2023, along with recent securities and insolvency case laws, and key updates in company law.
Gain insights on how to handle losses under various income heads as per the Indian Income Tax Act, 1961. Know about sections 70-80 in detail.
ITAT Mumbai held that as per Section 56(2)(ix) of the Act money received as advance would be treated as income liable to tax in the hands of recipients under the head ‘Income from Other Sources’ provided such advance is forfeited and the negotiations do not resulted in transfer of the capital assets.
Calcutta High Court held that charges under section 24 of the Prevention of Money Laundering Act, 2002 towards any knowledge of committing crime of the money used is obtained by fraudulent means cannot be pardoned before a full-fledged trial.
Bombay High Court held that initiation of reassessment proceedings u/s 147 after the expiry of 4 years from the end of the relevant assessment years without failure on the part of the assessee to disclose fully and truly all the material facts unsustainable and liable to be quashed.
Analyzing the High Court case, ACIT Vs Sun and Sun Inframetric Pvt. Ltd., focusing on the PCIT’s ability to exercise revisionary jurisdiction under Section 263.
Regulatory requirements, process, and objectives of annual company filing under the Companies Act, 2013 in India. Essential guide for 2022-23.
An exploration of the AAR ruling on the applicability of the margin scheme for GST to suppliers of second-hand gold jewelry.
Uncover the concept of Double Taxation, its types – Juridical and Economic, and learn about relief mechanisms such as Unilateral and Bilateral relief.
