ITAT Mumbai held that addition u/s. 68 of the Income Tax Act towards unexplained cash credit unjustified as sale consideration of shares duly reflected in the profit and loss account of the assessee.
सुप्रीम कोर्ट ने दिल्ली बार एसोसिएशन और काउंसिल सदस्यता प्रतिबंधों के एक साथ चुनाव पर दिल्ली HC के निर्देश को चुनौती देने वाली याचिका पर एक नोटिस जारी किया है।
SC’s landmark ruling clarifies that royalty on mining leases is not a tax, resolving a long-standing dispute with an 8:1 majority.
Chennai Customs issues guidelines for expediting faceless assessment. Ensure correct and timely submission of documents to avoid delays.
NCLAT New Delhi held that prior NOC from stock exchanges under Regulation 37(1)(2) the SEBI (Listing Obligation and Disclosure Requirements), Regulations, 2015 [LODR] is not required for schemes for revival of companies undergoing liquidation under the Code.
The 2024 amendment to the Securities Contracts Rules introduces key changes for companies listed in International Financial Services Centres (IFSCs).
The Board of Discipline investigated CA Atul Jain for facilitating share capital transactions with firms lacking financial credibility. Findings issued in June 2024.
ITAT Mumbai held that holding period of the capital goods includes the date on which asset is acquired and also date of sale/ transfer of the same. Accordingly, shares held for exactly 12 months treated as long term.
Calcutta High Court held that application for setting aside of an award under section 34 of the Arbitration and Conciliation Act, 1996 cannot be made after three months from the date of arbitral award. Thus, application made after the time period is barred by limitation.
CESTAT Delhi held that the amount of redemption fine imposed by the Commissioner in the impugned order is equal to the value of the goods itself, the same is harsh, accordingly, concluded that the amount of redemption fine must be reduced.
