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Archive: 02 June 2025

Posts in 02 June 2025

NCLT Approves Nazara’s ₹126 Cr Plan for Smaaash Entertainment Amid Fraud

June 2, 2025 4182 Views 0 comment Print

NCLT approves Nazara Technologies’ ₹126 Cr resolution plan for Smaaash Entertainment, addressing fraudulent transactions and promoter ineligibility under IBC.

From Grey Areas to Clear Lines: SEBI’s Rewriting of Insider Trading Rules for Listed Entities

June 2, 2025 1926 Views 0 comment Print

Explore SEBI’s 2024-2025 amendments to insider trading regulations. Understand expanded UPSI definitions, broadened “connected persons,” and revised trading plan rules for market participants.

Aadhaar Mandatory for ITR Filing: What Taxpayers Need to Know for FY 2024–25

June 2, 2025 2472 Views 0 comment Print

The Income Tax Return (ITR) filing for FY 2024–25 now mandates an active Aadhaar number. Learn why Aadhaar-PAN linking is crucial, who is exempt, and how to link your documents to avoid an inoperative PAN and filing issues.

Suspension of Customs Broker Licence Without Valid Grounds: CESTAT Sets Aside Suspension

June 2, 2025 642 Views 0 comment Print

Delhi CESTAT in the abovementioned matter set-aside order confirming suspension of custom broker license of the appellant and directed that the original license and all the F/G/H cards, if already surrendered to the Customs, shall be returned to the appellant.

Decoding Section 188 (Related Party Transactions) of Companies Act, 2013

June 2, 2025 7677 Views 0 comment Print

Understand Section 188 of the Companies Act, 2013, covering related party transaction approvals, definitions, monetary thresholds, exemptions, and compliance requirements.

Petition to ICAI for Fair Opportunities in Indian CA Profession for small firms

June 2, 2025 1437 Views 1 comment Print

A petition to ICAI seeks transparent and equitable professional opportunities for small and medium-sized Chartered Accountant firms in India, addressing issues like audit allotments and discriminatory practices.

Appeal dismissed as withdrawn post initiation of proceeding under Vivad Se Vishwas Scheme

June 2, 2025 576 Views 0 comment Print

ITAT Raipur held that the appeal is treated as withdrawn due to initiation of proceedings under Vivad Se Vishwas Scheme, 2024 (VSVS 2024) by filing of Form 1. Thus, present appeal dismissed as withdrawn.

RBI FAQs on Coordinated Portfolio Investment Survey – India

June 2, 2025 2415 Views 0 comment Print

Understand the RBI’s Coordinated Portfolio Investment Survey (CPIS) in India, a semi-annual exercise collecting data on resident portfolio investment assets abroad for IMF reporting. Learn about eligible entities, reporting frequency, submission guidelines, and valuation methods.

ITAT Chandigarh Quashes Addition by Gross Profit Rate as Purchases Proven Genuine

June 2, 2025 969 Views 0 comment Print

ITAT Chandigarh held that addition by applying gross profit rate on alleged bogus purchases not justified since it was proved that alleged purchases were made at par and were not under-valued or inflated. Thus, appeal of assessee allowed.

Re-export request allowed as wrong goods sent by supplier under bona fide mistake

June 2, 2025 1704 Views 0 comment Print

ITAT Raipur held that the appeal is treated as withdrawn due to initiation of proceedings under Vivad Se Vishwas Scheme, 2024 (VSVS 2024) by filing of Form 1. Thus, present appeal dismissed as withdrawn.

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