RBI’s Master Directions 2024 mandates guidelines for issuing Commercial Papers and NCDs up to one year, focusing on eligibility, investment, and compliance.
NCLT Hyderabad held that the provisions of the Insolvency & Bankruptcy Code, 2016 (IBC) override the provisions of the State enacted law, such as, Andhra Pradesh Revenue Recovery Act, 1864.
ITAT Mumbai held that exclusion of comparables for the reason that those companies are loss making or low profit making is not correct. Accordingly, TPO directed to include these comparables and re-compute the Arm’s Length Price (ALP).
Delhi ITAT’s landmark ruling in Sarika Bindal vs. ITO establishes that capital gains from share sales cannot be deemed sham, safeguarding taxpayer rights.
ITAT Ahmedabad rules deduction u/s 80P of the Income Tax Act not applicable to interest earned on FDRs from Bank of Baroda in a landmark case.
Unlock the power of Section 43B(h) in the Indian Income Tax Act. Learn how timely payments impact your business, boost cash flow, and gain negotiating leverage. Guide for 2024
Explore the adjudication order penalizing CA. Phalgunee Banerjee for violations under Section 143 of the Companies Act, 2013. Understand the penalties imposed and the implications.
Calcutta High Court sets aside Audit Report for ignoring assessee’s reply, highlighting the importance of considering replies for adhering to natural justice.
Discover the Water (Prevention and Control of Pollution) Amendment Act, 2024 aimed at decriminalizing minor offenses to improve governance and business ease.
On February 15, 2024, President Droupadi Murmu granted his assent to the Finance Act 2024 (Budget 2024), officially bringing the government’s budgetary proposals for the financial year 2024-25 into effect. This act, passed by both houses of Parliament, outlines the government’s plans for income tax, indirect taxes, and other financial matters. MINISTRY OF LAW AND […]
