Read about the Insolvency and Bankruptcy Board of India’s (IBBI) amendment regulations for insolvency professionals in 2023.
Director General of Foreign Trade (DGFT) has announced Trade Notice No. 16/2023-DGFT on 20th July, 2023, stating the extension of the last date for submitting applications to obtain a license for exporting broken rice to Senegal, Gambia, and Indonesia on humanitarian grounds. The new deadline for submission is 27th July, 2023. Government of India Ministry […]
Institute of Chartered Accountants of India has announced the further deferment of the second phase of the Peer Review Mandate. Learn more about the new applicability date and prerequisites for Practice Units.
The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce & Industry, has recently announced two new Quality Control Orders (QCOs) for ‘Resin treated compressed wood laminates’ and ‘Insulated Flask, Bottles and Containers for Domestic Use.’ These QCOs, set to take effect six months after their notification, are designed to […]
In a recent Supreme Court ruling, IBC has been found to give higher priority to dues owed to secured creditors than to electricity dues. This analysis examines the court’s interpretation of IBC and its implications for creditors and power sector.
The ITAT Delhi nullifies the penalty imposed under Section 271(1)(c) of the Income Tax Act on Meena Singhal, as the notice issued did not specify the particular charge.
ITAT Delhi has quashed the revision order in the C. M. Buildcon Pvt. Ltd. vs PCIT case, emphasizing the legitimacy of transactions through proper banking channels. Get insights from the case analysis
The ITAT Pune overturned a revisionary order of Pr. Commissioner of Income Tax-1, asserting that no revision is necessary under section 263 of the Income Tax Act if the Assessing Officer (AO) conducts appropriate verification during the assessment.
Get insights into the obligations of reporting entities under the Prevention of Money Laundering Act, 2002. Read about the role of the Institute of Company Secretaries of India (ICSI) and the AML & CFT guidelines for professionals.
Union Home Minister Amit Shah launches the CRCS – Sahara Refund Portal, enabling genuine depositors of Sahara Group Cooperative Societies to submit claims for refund. Under the leadership of Prime Minister Narendra Modi, crores of people will finally get back their hard-earned money
