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section 43

Latest Articles


Things to Keep in Mind While Disclosing Your F&O Income at the Time of Filing Taxes

Income Tax : F&O traders need to know how their profits are taxed. With the ITR return filing date approaching, it is imperative to know how st...

July 9, 2024 1803 Views 0 comment Print

Payment to MSMEs in 45/15 Days: Section 43B(h) Explained

Income Tax : Explore the impact of Finance Act, 2023, on MSME payment enforcement under section 43B(h) of the Income Tax Act, 1961. Understand ...

February 5, 2024 185310 Views 8 comments Print

Analysing Bail Jurisprudence under PMLA: Unravelling Problematic Twin Conditions

Corporate Law : Explore complexities of PMLA bail conditions, their impact on accused, and constitutional concerns. A comprehensive analysis sheds...

January 6, 2024 1482 Views 0 comment Print

Preference Share Capital And Preference Capital

Company Law : Learn the distinction between preference share capital and preference capital with detailed explanations and examples, exploring t...

March 9, 2023 2847 Views 0 comment Print

Delayed employees PF remittance -Power to disallow u/s 143(1)- Effect of SC decision

Income Tax : Delayed employees PF remittance Supreme Court decision in Checkmate Services - Under s.143(1), power to disallow. Tribunal decisio...

December 21, 2022 3852 Views 1 comment Print


Latest Judiciary


NCLT admits CIRP of Richfeel Health & Beauty Pvt Ltd

Corporate Law : Explore the detailed analysis of Mayur Rajendra Kumar Popat Vs Rajul Mehta & Ors. case from NCLT Mumbai. Learn about the resolutio...

July 2, 2024 243 Views 0 comment Print

Section 44BB does not override provisions related to PE or DTAA benefits

Income Tax : Read the detailed analysis of Computer Modelling Group Ltd. vs. ACIT (ITAT Delhi) regarding interest leviable from the assessee fo...

May 9, 2024 294 Views 0 comment Print

NCLT accepts Resolution Plan of V Hotels Ltd.: Meeting IBC Code & CIRP Regulations

Corporate Law : Resolution Plan met the requirements of Section 30(2) of the Code and the Regulations 37, 38, 38(1A) and 39(4) of the CIRP Regulat...

May 9, 2024 393 Views 0 comment Print

Petitioner Liable for Interest on Erroneous ITC/GST Refund: Madras HC

Goods and Services Tax : Learn about the recent Madras High Court decision in the case of Razack Trading Company vs. The Assistant Commissioner (ST) (FAC) ...

May 3, 2024 4599 Views 1 comment Print

TP adjustment towards brand development services deleted as no contract exists between the parties: ITAT Chennai

Income Tax : ITAT Chennai held that transfer pricing adjustment towards brand development services unjustified in absence of contract amongst t...

March 20, 2024 138 Views 0 comment Print


Latest Notifications


CBDT notifies more modes of e-payments; 6DD limit reduced to ₹ 10000

Income Tax : Notification No. 8/2020-Income-Tax- CBDT has notified Other electronic modes by inserting New Income TAx Rule 6ABBA. It also amend...

January 29, 2020 12909 Views 0 comment Print

CBDT notifies Ace Derivatives and Commodity Exchange Ltd.’ for trading of commodity derivative U/s. 43(5)

Income Tax : Notification No. 15/2014-Income Tax entral Government hereby notifies the Ace Derivatives and Commodity Exchange Limited, Ahmedaba...

March 20, 2014 808 Views 0 comment Print


Latest Posts in section 43

Things to Keep in Mind While Disclosing Your F&O Income at the Time of Filing Taxes

July 9, 2024 1803 Views 0 comment Print

F&O traders need to know how their profits are taxed. With the ITR return filing date approaching, it is imperative to know how stock options trading taxes work.

NCLT admits CIRP of Richfeel Health & Beauty Pvt Ltd

July 2, 2024 243 Views 0 comment Print

Explore the detailed analysis of Mayur Rajendra Kumar Popat Vs Rajul Mehta & Ors. case from NCLT Mumbai. Learn about the resolution plan, creditors’ approvals, and financial implications.

Section 44BB does not override provisions related to PE or DTAA benefits

May 9, 2024 294 Views 0 comment Print

Read the detailed analysis of Computer Modelling Group Ltd. vs. ACIT (ITAT Delhi) regarding interest leviable from the assessee for short payment of tax due to payer’s TDS default before FY 2012-2013.

NCLT accepts Resolution Plan of V Hotels Ltd.: Meeting IBC Code & CIRP Regulations

May 9, 2024 393 Views 0 comment Print

Resolution Plan met the requirements of Section 30(2) of the Code and the Regulations 37, 38, 38(1A) and 39(4) of the CIRP Regulations. The Resolution Plan was not in contravention of any of the provisions of Section 29A of the Code and was in accordance with law.

Petitioner Liable for Interest on Erroneous ITC/GST Refund: Madras HC

May 3, 2024 4599 Views 1 comment Print

Learn about the recent Madras High Court decision in the case of Razack Trading Company vs. The Assistant Commissioner (ST) (FAC) regarding the applicability of interest on erroneous refunds under Section 50 of the CGST Act.

TP adjustment towards brand development services deleted as no contract exists between the parties: ITAT Chennai

March 20, 2024 138 Views 0 comment Print

ITAT Chennai held that transfer pricing adjustment towards brand development services unjustified in absence of contract amongst the assessee and its associated enterprises. Accordingly, AO directed to delete addition made towards brand fee adjustment.

Deemed dividend u/s 2(22)(e) assessable in hands of beneficial shareholder having substantial interest: ITAT Kolkata

March 19, 2024 423 Views 0 comment Print

Apeejay Surrendra Management Services Pvt Ltd Vs DCIT (ITAT Kolkata) ITAT Kolkata held that deemed dividend under section 2(22)(e) of the Income Tax Act can be added in the hands of beneficial shareholder who is having controlling interest (substantial interest). Facts- Assessee is engaged in the business of Brand Owning and Consultancy. During the year […]

Delhi HC Quashes Look Out Circular Against Guarantor (Hulas Rahul Gupta Case)

March 3, 2024 366 Views 0 comment Print

Delhi High Court, in Hulas Rahul Gupta vs. Union Bank of India, quashed a Look Out Circular (LOC) issued against a loan guarantor. The Court held the LOC violated due process as criminal charges were absent and the bank failed to justify its request under relevant guidelines.

NCLAT Rules NCLT Can Decide Trademark Issues in IBC Cases

March 3, 2024 453 Views 0 comment Print

Gloster Cables claims ownership of the GLOSTER trademark in a dispute with Fort Gloster during insolvency proceedings. Learn about the arguments on jurisdiction, assignment validity, and the impact of the BIFR order.

No Interest on incorrectly availed ITC if assessee has sufficient credit in their account

February 22, 2024 2202 Views 0 comment Print

Madras High Court orders refund without interest charge when no revenue loss occurs, setting a precedent for GST and tax refund cases.

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