Analysis of ITAT Chennai’s decision on taxing share premium: ACIT Vs Luncar Finance Pvt. Ltd. A focus on already taxed income in the hands of Investor Company
ITAT Chennai restores the matter of Salma Ahmed’s capital gain deduction under section 54F to CIT(E) due to inadequate details provision by the assessee.
Swar Maya Infotech’s treatment of rental and facility management income is evaluated by ITAT Delhi, emphasizing on consistency and accurate deduction claims.
ITAT Chennai rules in favor of Mookambika Impex, stating that excess stock is due to regular business activities. Dive into the detailed analysis.
ITAT referred to SC’s judgment in CIT v. Rajasthan & Gujarati Charitable Foundation, Poona, which stated that an entity could claim both depreciation and application of income on asset in its purchase year.
Government of India, Ministry of Corporate Affairs penalizes Mayflower Infra Realty for violating Section 161 of Companies Act, 2013. Detailed analysis of the case and imposed penalty.
IFSCA specifies the following additional measures to be complied by all Regulated Entities: 1. In a cross-border wire transfer where the amount to be transferred is equal to USD 1000, every bank which is an ordering institution shall also comply with the requirements specified under clause 7.7.3(a) of the Guidelines.
Standard Input Output Norms (SIONs) for Leather, Leather Products and Footwear and General Note for Leather & Leather Products stand amended with effect from 15.09.2023. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) Public Notice No. 30/2023-DGFT | Dated: 31st, August, 2023 Subject: Revised SION’s for the leather, leather products […]
Overview of proposed amendments by IFSCA for investments by International Financial Service Centre Insurance Office in 2023. Participate in public consultation.
NSE has now established a provision that requires the filing of the Abridged Prospectus in the XBRL (eXtensible Business Reporting Language) format.
