COMPANY LAW/RERA : If a promoter fails to complete or is unable to give possession of an apartment duly completed by date specified in agreement promoter would be liable, on…
EXCISE/ST/VAT : Telecom companies which are output service provider, are not required to pay any amount or to reverse Cenvat credit in terms of Rule 3(5A) of Cenvat Credit Rules,…
Compulsory Convertible Preference Shares (CCPS) is one of the sources for raising funds for the corporate sector.Compulsory Convertible Preference Shares (CCPS) is one of the sources for raising funds for…
Notices issued under section 148 to assessees shall be deemed to have been issued undersection 148A of the IT Act as substituted by the Finance Act, 2021- Supreme Court.Notices issued…
INCOME TAX : SLP dismissed against impugned order of High Court that where under scheme of rehabilitation of assessee, assessee had leased out its business to a company named ATL…
INCOME TAX : Section 56 provides for two methods for calculating FMV of shares, i.e., as prescribed in rule 11UA and other is on basis of value of assets as…
SEBI through its informal guidance clarified that the transactions forming part of the amalgamation scheme will be exempt from making open offer under regulation 3 and 4 of SEBI (Substantial…
INCOME TAX: Definition of income as defined in Section 2(24) does not include "interest" referred to in Section 56(2) (viii) or interest received in MACT award and, therefore, interest on…
COMPANY LAW/SEBI : Where possession of a property is given pursuant to an agreement for sale and possession has been taken in part performance of a contract, then such property…
FEMA, BANKING amp; INSURANCE : Failure of Registering authority to verify PoA deed before registering sale deed executed by PoA holder(power agent) can be challenged in writ petition before HCFEMA,…