The National Company Law Tribunal (NCLT) approved the Resolution Plan, emphasizing the paramount importance of the CoC’s commercial wisdom in such matters. The approval included various directions regarding the plan’s implementation, extinguishment of existing shares, reliefs, amendments to MoA and AoA, and cessation of the moratorium.
Section 54F nowhere envisages that sale consideration obtained by assessee from original capital asset is mandatorily required to be utilized for purposes of meeting cost of new asset. Section 54 Exemption allowable despite start of construction of new house before sale of old house
Explore the intricacies of Section 40A(2)(b) with insights from the M S Hostel Vs DCIT case. Learn why salary disallowance requires thorough examination of fair market value and legitimate business needs.
Learn how to choose the right insurance policy wisely for long-term security. Get insights on factors to consider and make informed decisions.
Read about Pahari Mata Sahkari Awas Samiti Ltd. Vs ACIT (ITAT Lucknow). The Commissioner (Appeals) cannot dismiss the appeal for non-prosecution and must decide on merits.
Read about the record-breaking GST collections of April 2024, highlighting tax buoyancy, enforcement actions, and officer recognition in the latest newsletter from the Central Board of Indirect Taxes & Customs.
Explore the latest DGFT notification permitting the export of 14,000 MT of Non-Basmati White Rice to Mauritius through National Cooperative Exports Limited (NCEL).
The Election Commission directs political parties to use social media ethically, warning against misuse of AI-based tools. Read more about the legal framework and directives.
Explore the recent amendments made by CBIC in List 34A & 34B of Customs notification No. 50/2017-Customs dated 30.06.2017.
Stay informed about the latest amendment to the SEBI (Employees’ Service) Regulations 2001, focusing on employee accountability, even post-service, effective from May 6, 2024.
