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ICAI withdraws Guide to Reporting on Proforma Financial Statements

August 4, 2022 939 Views 0 comment Print

Withdrawal of the Guide to Reporting on Proforma Financial Statements (Pursuant to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009)

MCA notice on Verification of Investors Claims of Heera Group

August 4, 2022 2838 Views 0 comment Print

A list of 6788 claims received as on 18.07.2022 along with deficiencies noticed in the scrutiny of claims, is being posted on the website for the information of investor claimants

Parliament passes National Anti-Doping Bill 2022

August 4, 2022 501 Views 0 comment Print

Parliament passes the National Anti-Doping Bill 2022 to provide for the constitution of National Anti-Doping agency as a statutory body for regulating anti-doping activities in sports It is a landmark occasion when India joins the select group of countries which have their own National Anti-Doping Law: Shri Anurag Thakur The new Law will ensure highest […]

CCPA issues 24 notices for unfair trade practices against e-commerce companies

August 4, 2022 225 Views 0 comment Print

Central Consumer Protection Authority (CCPA) issues 24 notices for unfair trade practices against e-commerce companies CCPA issues two Safety Notices to alert and make consumers cautious against buying household goods that do not conform to the Bureau of Indian Standards The Union Minister of State for Consumer Affairs, Food and Public Distribution, Shri Ashwini Kumar […]

DRI busts factory manufacturing illicit psychotropic substances

August 4, 2022 276 Views 0 comment Print

DRI busts factory manufacturing illicit psychotropic substances; seizes drugs worth Rs 245 crore Continuing its crackdown on drug syndicates involved in the manufacture, sale and distribution of drugs in the country, the Directorate of Revenue Intelligence (DRI) officers busted a clandestine factory in Yamunanagar, Haryana, that was involved in the illicit manufacture of Ephedrine, a controlled substance listed under Schedule […]

Income Tax Claims not part of Resolution Plan stands extinguished on Approval of Resolution Plan

August 4, 2022 531 Views 0 comment Print

On approval of resolution plan by all claims of Income Tax, which are not a part of resolution plan, shall stand extinguished

HC explains when Trademark registration of shape of a product can be granted

August 4, 2022 2667 Views 0 comment Print

Settled legal position is that in order for a shape trademark to be registered, it has to be shown that the said shape is not the generic shape of the product. It has to be a distinctive shape that associates the mark with the source by itself without anything further like a name or logo appended on it.

Telephone expense cannot be disallowed merely for increase in expenditure

August 4, 2022 981 Views 0 comment Print

Bigfoot Retail Solution Pvt. Ltd. Vs ACIT (ITAT Delhi) It is observed that the assessee submitted before the Ld. AO/CIT(A) that all telephones are either installed at office premises or used by officers and the employees of the assessee company and that usage of telephone/internet is done by employees for official purposes only. It was […]

DGAP to ascertain authenticity of VAT Assessment Orders submitted by ‘Town Park Buildcon’

August 4, 2022 360 Views 0 comment Print

Varun Goel Vs Town Park Buildcon Private Ltd. (NAA) a. The Respondent vide his submissions dated 05.04.2022 has contended that the DGAP has not incorporated the ITC of VAT in the pre-GST period for the computation of profiteering which ought to have been done. He has further submitted before this Authority that the said ITC […]

Draft IRDAI (Insurance Intermediaries) (Amendment) Regulations, 2022

August 3, 2022 876 Views 0 comment Print

Insurance Regulatory and Development Authority of India Ref. No: IRDAI/INT/ED/REG/166/8/2022 Date: 03-08-2022 EXPOSURE DRAFT – INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (INSURANCE INTERMEDIARIES) (AMENDMENT) REGULATIONS, 2022 1. In order to facilitate open architecture which will enable the prospects and policyholders to have wider access in purchasing insurance and also to enhance the reach of […]

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