Proposal Form in Insurance: Understanding the Vital Role in Policy Structure. Dive into the Purpose, Usage, and Legal Perspectives. Explore Case Laws – Warranty or Mere Description of Risk? Learn from Farr vs. Motor Traders and Roberts vs. Anglo Saxon. Know the Impact on Validity and Liability.
Unique Estates Development Co. Ltd. Vs. DCIT (ITAT Mumbai) INCOME FROM UNSOLD FLATS SHALL BE TREATED AS BUSINESS INCOME OF THE DEVELOPER AND NO INCOME FROM HOUSE PROPERTY ON THE BASIS OF ANNUAL LETTING VALUE OR NOTIONAL VALUE OF RENT. FACT OF THE CASE 1. the assessee company is engaged in the business of development […]
As you are aware that, before implementation of IBC, 2016 there are various laws governing individual as well as corporate insolvency and bankruptcy matters in India. There were a lengthy and cumbersome method for creditors /financiers for recovery of their dues from the defaulting corporate debtors. For individuals insolvency and bankruptcy matters there were three […]
Whether Income from Sub-leasing of properties will be considered as Income from Profits and Gain from Business or Profession (Section 28) or Income form House Property (Section 22).
As you are aware that provisions of Section 153A of the Income Tax Act, 1961 deals with assessment of an assessee in searched cases u/s. 132 of the IT Act, 1961. The Assessing Officer in this section allowed to assess income of an assessee for previous six assessment years preceding assessment year in which search […]
Understanding the Reversal of Input Tax Credit in the Real Estate Sector under GST Act, 2017. Learn about the impact and compliance requirements.
Explore the dynamic world of Alternative Risk Transfer (ART) and discover innovative solutions beyond traditional re-insurance. From risk retention groups and insurance pools to captives and securitization, learn how ART can enhance your risk management strategies. Delve into the complexities, benefits, and evolving landscape of ART in this comprehensive guide.
Can capital contribution of the individual partners credited to their accounts in the books of the firm be taxed as cash credit in the hands of the firm, where the partners have admitted their capital contribution but failed to explain satisfactorily the source of receipt in their individual hands?
Vodafone Idea Cellular Ltd. vs Ajay Kumar Agarwal (Supreme Court of India) HELD THAT : It would be open to a consumer to opt for the remedy of arbitration , but there is no compulsion in law to do so and it would be open to a consumer to seek recourse to the remedies which […]
As you are aware that Corporate Social Responsibility (CSR) is a concept that a business has a responsibility to do good. CSR means a company should self-regulated regulate its transactions so that it will be accountable for its stakeholders such as shareholders, suppliers, creditors, financial institutions, social environment, government etc. CSR means a business entity […]
