Stay up to date with the latest amendments in IBBI (CIRP Regulations) 2016. Learn about the changes in CIRP timelines and improved information availability.
Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs North Block, New Delhi-110 001 Tel. : +91-11-23092849, Fax : +91-11-23092890 E-mail : [email protected] Vivek Johri Chairman DO No. 43/CH(IC)/2022 | Dated: 27th September, 2022 Dear Colleague, As an organization, we have had a close association with Salt. The collection […]
Asha Devi Vs PCIT (ITAT Bangalore) In the present case, limited scrutiny was to be done for verification of cash deposits and the source of cash deposits from the safe custody account is not examined by the AO by calling for relevant details from the assessee. The AO ought to have examined the same to […]
Income from supply of CAS and middleware products to indian customers, does not fall under ‘royalty’ as defined under Section 9(l)(vi) of Income Tax Act, 1961 and Article 12(3) of India- Swiss DTAA.
Where an entity engages multiple investment managers (MIM) for managing its investments, the entity can obtain multiple FPI registrations mentioning name of Investment Manager for each such registration.
CBDT extends timeline for filing of modified ITR in Form ITR-A by a successor company under section 170A of Income Tax Act till March 31, 2023 in in cases where the order of business reorganization of the competent authority was issued between the period 1st April 2022 and 30th September 2022. F.No. 370142/41/2022-TPL Government of […]
Registrar of Companies in Rajasthan fines M/s STARNET BREEDING AND RESEARCH FARMS PRIVATE LIMITED and its directors for failing to comply with section 118 of Companies Act, 2013 read with SS-2 regarding minutes of annual general meetings.
There is no dispute that the MS items were used for fabricating and installing paint plant within the premises of the appellant. The said paint plant is also integral to the manufacturing activity. After appreciating the facts and applying the decision in the case of India Cements Ltd. (supra), CESTAT hold that the credit availed on MS items has to be allowed to the appellant.
Unless, there is an evidence of remission or cessation of liability, provisions of Section 41(1) of the Act does not apply.
Amendments in IBBI (Liquidation Process) Regulations, 2016 and IBBI (Voluntary Liquidation Process) Regulations, 2017 1. Streamlining the constitution of SCC Present framework ❖ Reg. 31A -*Stakeholders’ Consultation Committee (SCC) be constituted within 60 days from LCD and decision(s) taken prior to that be placed before it, for information only. ❖ Liquidator takes significant decisions related […]
