Explore the ITAT Bangalore case involving depreciation income versus deferred grant income, directing re-adjudication for proper application under Section 11.
In a significant ruling, Madras High Court grants ICICI Bank priority charge over tax claims, offering relief and legal precedence for secured creditors. Full text of the judgment provided.
Read about the ITAT Chennai case between DCIT and Gemini Traze RFID Pvt. Ltd. regarding deemed dividend status under Section 2(22)(e) of the Income Tax Act.
Read about the adjudication order by the Ministry of Corporate Affairs imposing penalties on M/s Hermes I Tickets Private Limited and its officers for violating Section 171(2) of the Companies Act, 2013.
Read about MCA penalty on Hermes I Tickets Pvt Ltd & directors for not keeping registers. Detailed analysis & decision included.
Understand the RBI circulars guidelines on investments in Alternative Investment Funds (AIFs) for regulated entities. Clarifications on downstream investments, provisioning, and more.
Read about the RBI circular regarding special clearing operations exclusively for government cheques on March 30 & 31, 2024, for timely financial year-end transactions.
Learn about the General Authorization for Export of Telecommunication items (GAET) under SCOMET Category 8A5 Part I. Read Public Notice No. 52/2023 for details.
Introduction: The Government of India, through the Ministry of Commerce & Industry, Department of Commerce, Directorate General of Foreign Trade, has introduced Notification No.82/2023-DGFT on 27.03.2024. This notification pertains to the General Authorization for the export of Telecommunication-related items and Information Security items covered under category 8A5 of SCOMET (Special Chemicals, Organisms, Materials, Equipment, and […]
Learn about the penalty imposed by the Ministry of Corporate Affairs for non-maintenance of registers under Section 171(2) of the Companies Act, 2013 on Hermes I Tickets Pvt Ltd.
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