New Customs regulations in India enable electronic post-export amendments for Shipping Bills. Learn about revised timelines, approval requirements, and conversion conditions.
Madras High Court held that circular dated 21.12.2023 allowing creditor to recommend a Resolution Professional for appointment is neither ultra vires nor violative of provisions of the Insolvency and Bankruptcy Code [IBC]. Accordingly, writ petition dismissed.
Orissa High Court held that passing of order by Appellate Authority, by mere affirming to the view expressed in review order, without emanating reasons for the conclusion makes it vulnerable and liable to be impeached. Accordingly, appellate order set aside.
Supreme Court held that the accused can apply by invoking the provisions of Section 91 of the CrPC (Section 94 of the BNSS) for providing copies of the documents which are not relied upon by the prosecution.
NCLT Delhi held that the pendency of proceedings before Debt Recovery Tribunal [DRT] does not preclude or bar the initiation of Corporate Insolvency Resolution Process [CIRP] under the Insolvency and Bankruptcy Code, 2016 [IBC].
NCLT Delhi held that application under section 9 of the Insolvency and Bankruptcy Code, 2016 [IBC] for initiation of CIRP not maintainable since there exists genuine and long-standing disputes. Accordingly, petition dismissed.
Delhi High Court held that different floors of a singular house cannot be considered as multiple residential houses. Accordingly, deduction under section 54F of the Income Tax Act cannot be denied. Thus, appeal of revenue dismissed.
Indian startups can claim 100% income tax exemption for three consecutive years within their first decade. Learn about DPIIT recognition, eligibility, application process, and additional benefits for early-stage growth.
RBI’s discussion paper explores new capital raising methods for Urban Co-operative Banks, including “special shares” and secondary market development, to enhance financial stability and growth.
New instructions clarify that Customs field formations will handle the disposal of Red Sanders seized by DRI, streamlining the process and ensuring adherence to export guidelines.
