NR can’t be taxed u/s 69 unless it is proved that investments are made out of income generated in India: ITAT

Case Details: ITO v. Rajeev … Continue reading “NR can’t be taxed u/s 69 unless it is proved that investments are made out of income generated in India: ITAT”

NCLT can’t adjudicate a contractual dispute between parties if it is unrelated to corporate debtor’s insolvency: SC

Case Details: TATA Consultancy Services … Continue reading “NCLT can’t adjudicate a contractual dispute between parties if it is unrelated to corporate debtor’s insolvency: SC”

SEBI requires Stock Exchanges/Depositories/Clearing Corporations to disclose complaints against them on websites

CIRCULAR NO. SEBI/HO/MRD1/MRD1_ICC1/P/CIR/2021/664 Dated 213-11-2021 … Continue reading “SEBI requires Stock Exchanges/Depositories/Clearing Corporations to disclose complaints against them on websites”

IBBI removes column for ‘Identification Number’ from list of stakeholders filed u/r 31(5)(d) of liquidation norms

CIRCULAR NO. IBBI/LIQ/46/2021, Dated 24-11-2021 … Continue reading “IBBI removes column for ‘Identification Number’ from list of stakeholders filed u/r 31(5)(d) of liquidation norms”

SEBI permits Category III AIFs to calculate concentration norms in listed equity based on Net Asset Value

Circular no. SEBI/HO/IMD/IMDI/DOF6/P/CIR/2021/663 Dated: 22-11-2021 … Continue reading “SEBI permits Category III AIFs to calculate concentration norms in listed equity based on Net Asset Value”