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News, Blog, Insolvency and Bankruptcy Code

June 27, 2024

Plea for Condonation of Delay in Filing Appeal Rejected as Appellant Failed to Appear Before AA Despite Serving of Notice | Appellate Tribunal

Case Details: Sciknow Techno Solutions … Continue reading “Plea for Condonation of Delay in Filing Appeal Rejected as Appellant Failed to Appear Before AA Despite Serving of Notice | Appellate Tribunal”

Blog, News, Company Law

June 27, 2024

Dispute Between Borrowers & Credit Institutions is Covered u/s 21(3) of CIC Act Which Mandates CIC to Update Credit Info. in 30 Days | HC

Case Details: V. Ramalingam v. … Continue reading “Dispute Between Borrowers & Credit Institutions is Covered u/s 21(3) of CIC Act Which Mandates CIC to Update Credit Info. in 30 Days | HC”

Blog, News, Company Law

June 27, 2024

SEBI Amends Insider Trading Norms | Mandates Compliance Officer to Approve/Reject Trading Plan Within 2 Days of Receipt

Notification No. SEBI/LAD-NRO/GN/2024/184, Dated 25.06.2024 … Continue reading “SEBI Amends Insider Trading Norms | Mandates Compliance Officer to Approve/Reject Trading Plan Within 2 Days of Receipt”

Blog, News, Income Tax

June 27, 2024

No Prosecution for Non-disclosure of Foreign Assets in ITR if It Occurred Before Enactment of Black Money Act | HC

Case Details: Smt. Dhanashree Ravindra … Continue reading “No Prosecution for Non-disclosure of Foreign Assets in ITR if It Occurred Before Enactment of Black Money Act | HC”

News, Blog, Transfer Pricing

June 27, 2024

ITAT Remanded Matter as CIT(A) Dismissed All Grounds of Appeal Based on a Single Issue

Case Details: Computer Sciences Corporation … Continue reading “ITAT Remanded Matter as CIT(A) Dismissed All Grounds of Appeal Based on a Single Issue”

Blog, News, FEMA & Banking

June 26, 2024

Magistrate Denied Interim Compensation for Cheque Bounce as Bank Extracts and Vouchers Clearly Evidenced Partial Payment

Case Details: Bajaj Constructions v. … Continue reading “Magistrate Denied Interim Compensation for Cheque Bounce as Bank Extracts and Vouchers Clearly Evidenced Partial Payment”

Blog, News, FEMA & Banking

June 26, 2024

Trustees Are Liable for Cheques Dishonored by Trust | No Need for Separate Notice to Establish Vicarious Liability

Case Details: Harpreet Sahni v. … Continue reading “Trustees Are Liable for Cheques Dishonored by Trust | No Need for Separate Notice to Establish Vicarious Liability”

Blog, News, Income Tax

June 26, 2024

[Opinion] Pay Capital Gains Tax Only On Unspent Money For Under Construction House

Meenakshi Subramaniam – [2024] 163 … Continue reading “[Opinion] Pay Capital Gains Tax Only On Unspent Money For Under Construction House”

Blog, News, Income Tax

June 26, 2024

No Separate Addition Towards Commission Paid on Bogus Purchases if Gross Profit on Sales Was Offered to Tax | ITAT

Case Details: Seo Lehenga House … Continue reading “No Separate Addition Towards Commission Paid on Bogus Purchases if Gross Profit on Sales Was Offered to Tax | ITAT”

Blog, News, Account & Audit

June 26, 2024

Tax Audit Checklist on Clause 14 of Form 3CD Under the Income Tax Act, 1961

Image Clause 14(a) requires the … Continue reading “Tax Audit Checklist on Clause 14 of Form 3CD Under the Income Tax Act, 1961”