As you are aware that many people every year are losing their lives in road accidents all over India. In some cases accident occurred due to their fault or negligence and on other hand in some cases on the fault and negligence of third parties or the owner of motor vehicles. An person injured in […]
CIT Vs Shankar Krishnan (Bombay High Court) Whether Notional Interest on Security Deposit paid by employer for accommodation of its employee will also be included while calculating perquisites. BRIEF FACTS: 1. The Assessee is a salaried employee with McKinley & Company Inc., India. The Assessee was provided with rent free accommodation in Cuffe Parade, Mumbai […]
Addition cannot be made on the basis of mere confidential information submitted before Settlement Commission without incriminating material found in search and seizure to support addition.
Unlocking the Significance of Certificate of Insurance (COI): Explore the crucial details encapsulated in a COI, from insured particulars to policy conditions. Understand its role in motor insurance, compliance with Motor Vehicles Act, and its legal standing. Delve into rules governing COIs, including transfer procedures and essential uses in accident claims. Navigate the intricacies of COIs with insights into the Central Motor Vehicles Rules and pertinent sections of the Motor Vehicles Act.
Capital Gain credited to Capital Reserve Account instead of Profit & Loss Account cannot be considered while computing Book Profit for the provision of Section 115JB( MAT).
Understand the concept of Advancement of any Other Object of General Public Utility under Income Tax Act, 1961. Learn about the conditions for tax exemptions for religious and charitable trusts.
As you are aware that the management of a company is supposed to work in the best interest of the shareholders, however in practice it may pursue its own agenda and that leads to the agency conflicts. Since corporates are legal entities and managed by natural persons and they collectively called Board of Directors. The […]
A person falling under definition of Corporate Debtor as defined under provisions of IBC, 2016, whether incorporated in India or outside India has right to file CIRP Application under provisions of Section 9 of the IBC,2016 in India.
There is nothing in Section 54/54F which specify that the residential house should be constructed in a particular manner. Any person will construct his house according to his need and on the basis of future requirements.
Understanding Assignment of Marine Insurance Policies: Explore the ins and outs, from the types of marine insurance to the principles of insurable interest. Delve into the legal aspects, discussing policy assignment, restrictions, and key provisions under the Marine Insurance Act, 1963. Learn how the nature of marine insurance policies differs from other insurance types and the critical role insurable interest plays.
