A critical analysis of Section 10(26) of Income Tax Act 1961 Introduction: Section 10(26) of Income Tax Act 1961 says “In the case of a member of a Scheduled Tribe as defined in clause (25) of article 366 of the Constitution, residing in any area specified in Part I or Part II of the Table […]
Discover the Startup India initiative and its impact on entrepreneurship in India. Learn how it has transformed the country into a hub of innovation and job creators.
NCLAT JUDGEMENT SUMMARY FOR THE MONTH OF MAY’ 2021 ON IBC, 2016 It gives us immense pleasure to share our 3rd Edition of NCLAT Judgement Summary for the month of May’ 2021 covering summary/ gist of finding of the Hon’ble NCLAT. The Judgement summary prepared by us is for the purpose of understanding in short […]
According to the provisions of Section 55 of the Companies Act 2013 a company limited by shares, if authorized by the Articles of Association [AOA] of the company may issue preference shares which are liable to be redeemed within 20 years from the date of their issue. No company shall be allowed to issue irredeemable preference shares.
The three-judge bench of Supreme Court of India in the case of Deputy Commissioner of Income Tax v. M/S Pepsi Foods Ltd struck down the third proviso of Section 254(2A) of Income Tax Act (Act) as unconstitutional and violative of Article 14 of the Constitution of India on account of being arbitrary and discriminatory in nature.
This is an attempt to briefly discuss the provisions with regards to claiming of input tax credit and subsequent levy as outward supply under GST law of the benefits/facilities granted by the employer to the employee during COVID-19 pandemic under GST regime:
Section 188 of the Companies Act, 2013 (the Act) specifically deals with Related Party Transactions which further captivate other provisions of the Act including Section 166, 173, 177, and 184. In this article, an attempt is made to explain and amplify the coverage, scope, and intent of ‘Related Party Transactions.
प्रस्तावना भारत में प्राचीन काल से कर लगाए जाते रहे हैं, चाणक्य के ‘अर्थशास्त्र’ और ‘मनु-स्मृति’ का भी संदर्भ हैं, जिसे दुनिया का पहला संविधान माना जाता है। “यह केवल अपनी प्रजा की भलाई के लिए था कि उसने उनसे कर एकत्र किया, जैसे सूर्य पृथ्वी से नमी को एक हजार गुना वापस देने के […]
List of Documents required for e-Filing of Appeal with ITAT for following types of Appeals – -Income Tax Appeal against Levy of Penalty u/s. 234E of Income Tax Act, 1961 -Income Tax Appeal against Order u/s. 250 (Arising out of Appeal u/s. 248) -Cross Objection against appeal u/s. 253 -Miscellaneous Application against Order u/s. 254(1) […]
No law is perfect, thus giving a wider probability of ambiguity among various stakeholders. Moreover, the business environment being dynamic in nature requires to be at par with the current scenario in order to achieve its ultimate goal and also each situation would not necessarily be same as that of the situation quoted under the law or based upon which a prior judgement has already been pronounced.
