The Central Board of Direct Taxes (CBDT) has partially amended the provisions of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 to provide relaxation in…
SEBI has decided to extend the facility to conduct meetings of unit holders, through VC or OAVM for REITs/InvITs. Accordingly, Annual meetings of unit holders in terms of Regulation 22(3)…
Vedanta triggered delisting at the behest of its foreign promoters to cash out public shareholders in COVID stressed market price. The fiduciary duty of the directors demands that delisting approval…
In order to further promote investment by FPIs in corporate bonds, the RBI has decided to exempt FPI from short-term limit and the minimum residual maturity requirement under the MTF.…
INCOME TAX : Apportionment of common expenses of STPI and non-STPI unit of assessee was to be done on basis of turnover of each of these units so as to…
SEBI has decided to extend the facility to conduct meetings of unit holders, through VC or OAVM for REITs/InvITs. Accordingly, Annual meetings of unit holders in terms of Regulation 22(3)…
Citibank, which was acting as Revlon's loan agent, was to transfer about USD 8 million in interest payments to the company's lenders. However, in August 2020, the Citibank had, mistakenly…
INCOME TAX : Where certain assets of block of assets, not being immovable property of assessee, were sold during regular course of business, before it was wound up during relevant…
The Central Board of Direct Taxes (CBDT) has extended the last date to opt for and making payment without any additional charges under the Vivad se Vishwas Act, 2020 by…
INCOME TAX : Where assessee-bank from outset had been treating Broken Period Interest income accrued from sale of government securities as its business income under section 28(i), Broken Period Interest…