Ensuring transparency in insolvency proceedings by mandating sharing of the RPs report under Section 99 of the IBC 2016 with both debtor and creditor.
Chandigarh ITAT allows additional evidence in assessments under section 144, ensuring fair taxpayer treatment and legal compliance.
Understanding the implications of Section 43B(h) under the Income Tax Act for payments to MSMEs. Key insights for businesses on compliance, penalties, and tax benefits.
Explore the Mediation Act, 2023, a new ADR mechanism for commercial disputes, enhancing dispute resolution with mediation for a streamlined legal process.
Rajkot ITAT confirms gross profit estimation and stock addition for Raghuvanshi Cotton Ginning, highlighting the importance of accurate stock reporting.
MP High Court condemns unauthorized demolitions, emphasizing due process and legal rights, spotlighting the need for adhering to natural justice principles.
Understand the MSMED Act 2006 payment terms for MSMEs, consequences of delayed payments, and obligations like MSME-1 filing and financial statement disclosures.
Bombay High Court held that just because modified Clause 96 of the General Conditions of Contract states that the decision given by the Committee shall be final and binding upon the parties, the modified clause 96 constitutes the Arbitration Agreement between the parties
Mumbai ITAT decision clarifies that no addition under Section 69 I-T Act is justified once the source of investment is proven, setting a precedent.
Mumbai ITAT reiterates Sec 50C(1) as a measure against tax evasion by undervaluing property sales, emphasizing its retrospective application.
