NCLAT Delhi held that that Provisional Attachment Order has to be treated to cease by virtue of legislative scheme under Section 32A of the Insolvency and Bankruptcy Code and there is no necessity to obtain any order by the SRA from the adjudicating authority under the PMLA.
Himachal Pradesh High Court held that bail application is liable to be dismissed since twin conditions laid down in section 37 of Narcotic Drugs and Psychotropic Substances Act (NDPS) not satisfied. Accordingly, petition dismissed.
Breaks down the purpose and components of a CFS and highlights how it reveals a company’s real liquidity, not just accounting profits.
Covers the Act’s simplification, digital integration, and restructured chapters, highlighting how compliance becomes clearer and more taxpayer-friendly.
Explains how the new wage definition, allowance caps, and statutory triggers reshape salary design. Highlights the risks of misclassification and PF liability.
The Tribunal held that the AO’s rejection of books under Section 145(3) was unsustainable as no specific defects were identified. The ruling confirms that estimation of income cannot be based on assumptions when records are supported by documentation.
Provides clarity on capital gains taxation, high TDS obligations, and FEMA procedures NRIs must follow when selling property in India.
A clear overview of the legal and procedural requirements for transferring shares between non-residents. Explains valuation, documentation, approvals, and statutory updates.
The Tribunal ruled that Section 263 jurisdiction is barred under Explanation 1(c) if the matter is under appeal before CIT(A). AO’s assessment, including enquiry into statements and ledgers, was found proper. PCIT’s revision attempting to tax full Rs.1.59 Cr as bogus purchase was quashed.
Breaks down complete regulatory framework governing corporate guarantees and highlights why GST valuation and related-party approvals are critical compliance risks.
