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Blog, News, Income Tax

December 29, 2024

Admission Made in Statement Recorded u/s 132(4) Has Evidentiary Value Unless Plea of Force is Made

Case Details: Smt. Konda Sanjeeva … Continue reading “Admission Made in Statement Recorded u/s 132(4) Has Evidentiary Value Unless Plea of Force is Made”

News, Blog, FEMA & Banking

December 28, 2024

HC Upholds Petitioner’s Arrest by ED Citing Fraud Allegations, Need for Further Investigation, and Evidence Tampering Risk

Case Details: Arvind Dham v. … Continue reading “HC Upholds Petitioner’s Arrest by ED Citing Fraud Allegations, Need for Further Investigation, and Evidence Tampering Risk”

Blog, News, FEMA & Banking

December 28, 2024

Reg 5 of Stockbroker Regulations Mandates 15% Interest on O/S Dues of Annual Turnover Fees; SEBI Lacks Discretion to Deviate | SAT

Case Details: ICAP IL India … Continue reading “Reg 5 of Stockbroker Regulations Mandates 15% Interest on O/S Dues of Annual Turnover Fees; SEBI Lacks Discretion to Deviate | SAT”

Blog, News, FEMA & Banking

December 28, 2024

RBI Forms a Committee to Develop the Framework for Responsible and Ethical Enablement of AI in the Financial Sector

Press Release: 2024-2025/1779, Dated: 26.12.2024 … Continue reading “RBI Forms a Committee to Develop the Framework for Responsible and Ethical Enablement of AI in the Financial Sector”

Blog, News, Transfer Pricing

December 28, 2024

[Opinion] Limitation on Interest Deduction in Certain Cases (Section 94B)

CA Rohan Sogani & Samarth … Continue reading “[Opinion] Limitation on Interest Deduction in Certain Cases (Section 94B)”

Blog, News, Income Tax

December 28, 2024

NBFC Not Liable to TDS on Interest Income Credited on Purchase of Portfolio from Another Co

Case Details: Piramal Capital and … Continue reading “NBFC Not Liable to TDS on Interest Income Credited on Purchase of Portfolio from Another Co”

Blog, News, Account & Audit

December 28, 2024

[Global Financial Insights] IFRS Foundation Proposes Handbook Updates and More

This week’s Global Financial Insights … Continue reading “[Global Financial Insights] IFRS Foundation Proposes Handbook Updates and More”

Blog, News, GST & Customs

December 28, 2024

Delay in Filing Appeal Condoned Due to Non-Formation of GSTAT Obstructing Assessee’s Right to Appeal

Case Details: Pramod Kumar Jaiswal … Continue reading “Delay in Filing Appeal Condoned Due to Non-Formation of GSTAT Obstructing Assessee’s Right to Appeal”

News, Blog, Insolvency and Bankruptcy Code

December 26, 2024

NCLT Rejected Re-Filing of Insolvency Petition by FC, as AA Did Not Allow Re-Filing Post-Settlement Failure

Case Details: Subham Capital (P.) … Continue reading “NCLT Rejected Re-Filing of Insolvency Petition by FC, as AA Did Not Allow Re-Filing Post-Settlement Failure”

Blog, News, FEMA & Banking

December 26, 2024

ED Couldn’t Deny NOCs for Remitting Funds Abroad Based on Mere FEMA Summons; Clear Proof of Contravention Was Required | HC

Case Details: Times Internet Ltd. … Continue reading “ED Couldn’t Deny NOCs for Remitting Funds Abroad Based on Mere FEMA Summons; Clear Proof of Contravention Was Required | HC”