In lieu of the appellant discontinuing the commodity brokerage business, BNP Paribas offered compensation of Rs.40 crores. Pursuant thereto, in a meeting held on 23.05.2008, resolution was passed by the Board of Directors of the appellant accepting the said offer.
Madras High Court held that the imposition of penalty for the minor discrepancy in the variance in the address in the Tax Invoices and the E-Way Bill would not justify the penalty under Section 129(5) of CGST Act.
ICAI Audit Quality Maturity Model v2.0 is mandatory for firms auditing listed entities, banks, and insurance companies. It assesses practice management, HR, and digital competency.”
RBI identifies major reasons for asset classification divergence in UCBs, including improper provisioning, NPA mismanagement, and violation of RBI guidelines.
Pioneer Adhesives Pvt. Ltd. faces penalties for failing to file significant beneficial owner details under Section 90 of the Companies Act, 2013.
Explore professional tax slab rates for 2024-2025 across Indian states. Understand how your income determines the tax rate in Andhra Pradesh, Maharashtra, and more.
Health Insurance is gaining popularity among the Indian population because it provides financial security and ensures a stress-free life for family members in case of critical illness of family earner and covers hospitalisation and medical expenses.
The week ending 18 August 2024 saw notable regulatory updates across various domains. In Income Tax, exemptions were granted to the West Bengal Transport Workers Social Security Scheme and Unique Identification Authority of India under Section 10(46) for specified incomes. The Delhi High Court ruled against reassessment under Section 148 post-approval of a resolution plan […]
AIBE की प्रासंगिकता और इसके प्रभाव का विश्लेषण। क्या AIBE वकीलों की गुणवत्ता सुनिश्चित करने में सफल हो रहा है या यह सिर्फ एक औपचारिकता है?
Delhi High Court held that addition of value of shares granted under the Employees Stock Purchase Scheme as perquisite in terms of section 17(2)(iiia) of the Income Tax Act unsustainable in law.
