COMPANY LAW : Where directors of company, against which SEBI had initiated prosecution on its failure to comply CIS Regulations, had filed an application for compounding offence on ground that…
Special Economic Zones (‘SEZs’) are demarcated areas within India, that offer incentives to businesses such as competitive infrastructure, duty free procurements, fiscal incentives and other measures designed to make it…
The Central Board of Direct Taxes (CBDT) has notified the Faceless Appeal Scheme 2021, effective from 28-12-2021. The new scheme is notified in supersession of the earlier Faceless Appeal Scheme,…
EXCISE/ST/VAT : Fiscal benefit in form of duty free import of raw materials and consumables for operation and maintenance of Power Plant set up in processing area of SEZ as…
INCOME TAX : Correctness of 'Ikrarnama' (Agreement to sell) showing cash payment by purchaser could not be outrightly discarded on denial by purchaser and addition of amount deposited in bank…
In the interests of investors and the securities market, SEBI has directed the Stock Exchanges to levy fines and take action in case of non-compliance with continuous disclosure requirements by…
The Income-tax Dept. has carried out search and seizure operations on two prominent groups of Raipur and Korba, engaged in the business of manufacturing of iron amp; steel products, coal…
The Central Board of Direct Taxes (CBDT) has notified Rule 16DD and Form 56FF which is required to be furnished by the assessee along with the return of income to…
INCOME TAX : Where main object of assessee-society was running a printing press and publishing a newspaper and profit so generated was being ploughed back for charitable activities and Commissioner…
INCOME TAX : SLP dismissed against High Court's ruling that where delay in disposal of appeal is not attributable to assessee in any manner, Tribunal can grant extension of stay…