Overview of Form STK-2 under Section 248(2), covering eligibility, ineligible companies, documents, process, filing fee and ROC procedure for strike off.
Bajaj Auto’s buyback schedule illustrates compliance with SEBI buyback timeline requirements using working-day calculations and prescribed tendering periods.
Bombay HC upheld ESOP discount deduction under Section 37, agreeing with Biocon and PVR rulings and dismissing the Revenue’s appeal.
Delhi HC held ESOP discount is allowable under Section 37(1), setting aside the Tribunal’s order by following the Karnataka HC ruling in Biocon.
ITAT Mumbai quashed reassessment as Section 148 notice lacked sanction from the competent authority under Section 151 before the Finance Act, 2023 amendment.
Delhi HC restored a GST registration cancellation appeal, holding Supreme Court limitation extension orders applied to the condonable period under Section 107.
ITAT Delhi deleted Section 36(1)(iii) interest disallowance, holding interest-free loans to a wholly owned subsidiary were advanced for business purposes.
ITAT Amritsar deleted ad hoc expense disallowances and allowed Section 10(23C)(iiiad) benefit after excluding contra van rent entries from turnover.
Madras HC dismissed the Revenues appeal, holding the Section 36(1)(iii) issue was covered by its earlier ruling and no fresh investment was made in AY 2004-05.
NCLAT upheld rejection of a Section 10 IBC application, holding it was initiated fraudulently and with malicious intent under Section 65 of the IBC.
