INCOME TAX/BENAMI : Definition of 'benami transaction' in sec 2(9) of PBPT Act has no retrospective applicability to transactions entered into prior to 1-11-2016INCOME TAX/BENAMI : Definition of 'benami transaction'…
COMPANY LAW : Where applicant companies i.e. transferor companies and transferee company had jointly filed application in relation of scheme of amalgamation proposed between them along with relevant documents, convening…
INCOME TAX/BENAMI : Madras HC strikes down as unconstitutional the provisions of sec 32(2)(a) of PBPT Act regarding qualifications of Judicial Member of Appellate TribunalINCOME TAX/BENAMI : Madras HC strikes…
INCOME TAX : Section 54 cannot be confined only to a residential house and cannot be interpreted to mean that it has no application to land appurtenant to a residential…
COMPANY LAW : SEBI not justified in penalising company by taking a 'hyper-technical' view of the law on Related Party TransactionsCOMPANY LAW : SEBI not justified in penalising company by…
GST : Amount was mistakenly paid by appellant-assessee and was to be treated as deposit and assessee was entitled to refund of amount as principle of unjust enrichment was not…
SEBI vide SEBI Circular No. IMD/FPIamp;C/CIR/P/2019/124 dated 05-11-2019 issued operational guidelines for FPI, DDP, and FI whereby the designated depository participant is required to grant certificate of registration, bearing the…
COMPANY LAW : Where in FIR filed by CBI as regards inflated valuation of properties registered valuer 'R' was not named as an accused and there was no direct allegation…
RBI vide. Circular no. DOR.CRE.REC.No. 60/03.10.001/2022 dated 22-10-2021 had revised the scale-based framework for NBFCs. Now, RBI has required NBFCs to put in place a Board approved compensation policy in…
The Finance Act, 2022 has introduced a new concept of updated return, wherein it allows up to 24 months to file the return of income. The CBDT has notified a…