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Blog, News, Company Law

October 18, 2023

[Opinion] Consequences of Failing to Appoint an Independent Director Under the Companies Act, 2013

[2023] 155 taxmann.com 323 (Article) … Continue reading “[Opinion] Consequences of Failing to Appoint an Independent Director Under the Companies Act, 2013”

Blog, News, Insolvency and Bankruptcy Code

October 18, 2023

NCLT Can’t Interfere in CoC’s Discretionary Power to Approve Performance Linked Incentives Claimed by RP | NCLAT

Case Details: Ravindra Kumar Goyal, … Continue reading “NCLT Can’t Interfere in CoC’s Discretionary Power to Approve Performance Linked Incentives Claimed by RP | NCLAT”

Blog, News, FEMA & Banking

October 18, 2023

Reverse Repo Transactions With Non-banks for All Tenors Shall Be Reported Under Loans, Cash Credits Under Bank Credit | RBI

Circular No. RBI/2023-24/68 DoR.RET.REC.43/12.01.001/2023-24, Dated: … Continue reading “Reverse Repo Transactions With Non-banks for All Tenors Shall Be Reported Under Loans, Cash Credits Under Bank Credit | RBI”

Blog, News, FEMA & Banking

October 18, 2023

Govt. Requires REs to Immediately Obtain ‘Client Due Diligence’ Records from Third Parties Under PMLA Norms

Notification No. G.S.R 745(E); Dated: … Continue reading “Govt. Requires REs to Immediately Obtain ‘Client Due Diligence’ Records from Third Parties Under PMLA Norms”

Blog, News, Income Tax

October 18, 2023

Annual Licence Fee Paid by Airtel to DoT is a Capital Expenditure Amortizable Under Section 35ABB | SC

Case Details: Commissioner of Income-tax … Continue reading “Annual Licence Fee Paid by Airtel to DoT is a Capital Expenditure Amortizable Under Section 35ABB | SC”

Blog, News, Income Tax

October 18, 2023

CBDT Exempts IFSC Units from Form 15CA for Non-taxable Remittances and Introduces Form 15CD for Quarterly Reporting

Notification No. 89/2023, dated 16-10-2023 … Continue reading “CBDT Exempts IFSC Units from Form 15CA for Non-taxable Remittances and Introduces Form 15CD for Quarterly Reporting”

News, Blog, Income Tax

October 18, 2023

Tax Dept. Conducts Search and Seizure Operations in Karnataka and AP&TS Region

Press Release, dated 16-10-2023 The … Continue reading “Tax Dept. Conducts Search and Seizure Operations in Karnataka and AP&TS Region”

Blog, News, Income Tax

October 18, 2023

Time Limit for Processing of All Validly Filed Returns Up to AY 2017-18 with Refund Claims Extended to 31-01-2024

Order F. No. 225/132/2023/ITA-II, dated … Continue reading “Time Limit for Processing of All Validly Filed Returns Up to AY 2017-18 with Refund Claims Extended to 31-01-2024”

Blog, Weekly Round-up

October 17, 2023

Weekly Round-up on Tax and Corporate Laws | 09th to 13th October 2023

This weekly newsletter analytically summarises … Continue reading “Weekly Round-up on Tax and Corporate Laws | 09th to 13th October 2023”

Blog, News, Income Tax

October 17, 2023

No Section 40A(2) Disallowance Without Examining Qualification, Experience, and Work Profile of Related Parties | HC

Case Details: Mehra Jewel Palace … Continue reading “No Section 40A(2) Disallowance Without Examining Qualification, Experience, and Work Profile of Related Parties | HC”