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Study on Post-IBC Firm Outcomes: Effectiveness Report

August 26, 2023 498 Views 0 comment Print

Analyzing impact of IBC Resolution process on firms’ post-distress outcomes. Reveals insights on financial recovery, operational efficiency, and stakeholder perspectives.

Consultation on NRI & OCI Participation in SEBI-Registered FPIs at IFSCs

August 25, 2023 1266 Views 0 comment Print

Consultation Paper on permitting increased participation of Non – Resident Indians (NRIs) and Overseas Citizens of India (OCIs) into SEBI registered Foreign Portfolio Investors (FPIs) based out of International Financial Services Centres (IFSCs) in India and regulated by the International Financial Services Centres Authority (IFSCA)

Advisory: Ban on Ads including Surrogate Ads for Online Betting Platforms

August 25, 2023 135 Views 0 comment Print

Stay informed about the latest government advisory banning advertisements for online betting platforms. Learn about the legal implications and consequences for media entities.

IRDAI (Re-insurance) (Amendment) Regulations, 2023

August 22, 2023 3255 Views 0 comment Print

Read about 2023 amendments to IRDAI Re-insurance regulations in India. Learn how these changes aim to enhance domestic capacity, encourage re-insurers, and improve ease of business.

TDS Exemption on HUDA Payments: ITAT Delhi Ruling

August 22, 2023 4545 Views 0 comment Print

An analysis of ITAT Delhi’s order in ITO Vs Santur Builders Pvt Ltd, stating that TDS is not applicable on EDC payments to HUDA on behalf of State Government.

Disallowance of Employees Contribution to PF&ESIC paid after due date

August 22, 2023 6171 Views 0 comment Print

The issues raised were in relation to the non-deduction of TDS for payment of professional services and the disallowance of Employees Contribution to PF&ESIC.

Calcutta HC confirms order on TDS deduction on unsecured loan

August 22, 2023 8154 Views 0 comment Print

Calcutta HC confirms the order on TDS deduction on an unsecured loan for Safex Complex Pvt Ltd. under Section 148A(d) of Income Tax Act for AY 2019-20.

Punjab & Sind Bank Wins Refund Case: Delhi HC Allows Rs.1.3 Cr Tax Refund

August 22, 2023 615 Views 0 comment Print

Delhi High Court grants relief to Punjab and Sind Bank, permitting the refund of Rs.1.3 crores deposited, citing involvement of public funds. Analysis of the judgment.

Delhi HC Closes Appeals, Allows Writ Petition in CIT Vs L.G. Electronics

August 22, 2023 540 Views 0 comment Print

Delhi High Court rules that ITAT cannot recall an order u/s 254(2) of the Income Tax Act after four years. Insights on CIT vs L.G. Electronics Korea.

CESTAT Quashes Excise Duty, Rejects Assumed Diversion of Goods to DTA

August 22, 2023 381 Views 0 comment Print

CESTAT Ahmedabad rules in Quality Technocast case that allegations of goods diversion to Domestic Tariff Area must be based on evidence, not assumptions

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