DGFT extends the launch of the enhanced eCoO 2.0 system to January 17, 2025, and mandates electronic filing of Non-Preferential CoO from January 1, 2025.
SEBI revises the process for Scheme Information Document submission, reducing the public comment period to 8 working days, effective immediately for mutual funds.
SEBI updates data sharing policy for research by accredited institutions, segregating public and restricted data for better research access.
SEBI introduces industry standards for BRSR Core reporting by listed entities for FY 2024-25 onwards, developed in collaboration with ASSOCHAM, FICCI, and CII.
Held that the Appellant-E.D. is directed to handover and the Respondent successful Resolution Applicant JSW is directed to take over the control of the properties of Corporate Debtor-Bhushan Power and Steel Ltd.
Punjab and Haryana High Court held that the Labour Court in exercise of power under Section 33C(2) of Industrial Disputes Act, 1947 cannot determine entitlement of retrenchment compensation. It can order to employer to pay already determined compensation.
AO on perusal of the details submitted by the assessee observed that the assessee could not prove the bad debts written off in its books of accounts are, in fact bad debts and irrecoverable with relevant evidences.
Supreme Court held that petition under section 11(6) of the Arbitration and Conciliation Act, 1996 is not maintainable since disputed that are related to non-payment of wages and legality and propriety of termination are non-arbitrable.
AO also made an addition on account of refundable security deposits paid by the developer to the assessee while entering the Joint Development Agreement as income of the assessee.
ITAT Mumbai held that benefit of cost inflation index admissible as per second proviso to section 48 of the Income Tax Act. Accordingly, indexation benefit admissible even in respect of assets held in foreign countries.
