Telangana High Court dismissed writ petition as alternative remedy of appeal was available

EXCISE/ST/VAT : Writ jurisdiction of High Court is not invocable when alternative remedy of appeal is available under applicable statuteEXCISE/ST/VAT : Writ jurisdiction of High Court is not invocable when…

Continue ReadingTelangana High Court dismissed writ petition as alternative remedy of appeal was available

Govt. further extends the validity of FCRA registration certificates up to March 31, 2022

In the public interest, the Govt. has further extended the validity of FCRA registration certificates up to 31-03-2022 or till the date of disposal of the renewal application, whichever is…

Continue ReadingGovt. further extends the validity of FCRA registration certificates up to March 31, 2022

SEBI extends the timeframe for applicability of modified reporting requirements for AIFs

The SEBI, through its earlier circular No. SEBI/HO/IMD/IMD-I/DOF6/CIR/2021/549 dated April 07, 2021 specified the revised reporting requirements for AIFs to be applicable for the quarter ending December 31, 202,1 onwards.…

Continue ReadingSEBI extends the timeframe for applicability of modified reporting requirements for AIFs

CCI can entertain plaint against state-owned power Co. for discriminating in load-shedding in different regions

COMPETITION LAW : CCI can entertain plaint against a state-owned power co. for discriminating in load-shedding between different regions of a stateCOMPETITION LAW : CCI can entertain plaint against a…

Continue ReadingCCI can entertain plaint against state-owned power Co. for discriminating in load-shedding in different regions

Exp. incurred towards software licence having one-year validity to be treated as revenue in nature: HC

INCOME TAX : Where assessee-company claimed expenses incurred towards software licence as revenue expenditure but Assessing Officer disallowed claim of assessee, since licence was valid for one year and did…

Continue ReadingExp. incurred towards software licence having one-year validity to be treated as revenue in nature: HC

MCA requires Cos. to file form IEPF-7 within 30 days of remittance of funds to bank a/c of IEPF Authority

MCA specifies Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund), Third Amendment, Rules, 2021. As per the amendment rules, companies remitting any amount to the Fund is…

Continue ReadingMCA requires Cos. to file form IEPF-7 within 30 days of remittance of funds to bank a/c of IEPF Authority