Over 11.6 lakh women directors are active in public and private companies. New provisions encourage women’s participation in corporate decision-making.
Government has amended the IBC six times and IBBI made over 100 changes to improve insolvency resolution and asset value maximization.
KSCAA highlights practical GST challenges in Sec 128A & Sec 16(4), urging clarifications on appeals, ITC, interest waivers, and multi-year cases for equitable relief.
Explore Section 61 of CGST Act, covering scrutiny of GST returns, officer’s authority, taxpayer obligations, and implications for compliance and discrepancies.
ITAT Surat held that the Fixed Deposits can be treated as stock-in-trade if it forms part of banking business. Further, held that deposits that forms part of banking business, write off such loss will be a loss arising in the course of carrying on banking business.
DRAT Mumbai dismissed Bank of Maharashtra’s appeal, ruling the payment wasn’t made under reserve, with no fault attributed to the exporter.
Delhi High Court held that once the settlement is reached, the substratum of the proceedings itself no longer exists, thus Competition Commission of India [CCI] proceedings cannot continue and deserves to be disposed of.
ITAT Kolkata held that in terms of block assessment under section 153A of the Income Tax Act, reopening of unabated assessment without any incriminating material found with respect to concerned assessment year is impermissible in law.
Madras High Court held that assessee is directed to deposit 25% of the disputed tax amount since the assessee was unable to access GST portal and respond to the notice issued. Accordingly, appeal disposed of.
Madras HC held that passing of order without providing opportunity of personal hearing is against principles of natural justice. Accordingly, order set aside and directed to provide an opportunity to the Petitioner to establish their case on merits.
