INCOME TAX : Disallowance u/s 40(a)(i) is attracted in the year when provision is made without deducting TDS ; no disallowance shall once again be made when on receipt of…
FEMA, BANKING amp; INSURANCE : Law relating to registration and regulation of NBFCs are covered under Chapter IIIB of the RBI Act and, thus, Kerala Money Lenders Act, 1958 and…
The hon’ble Supreme Court, it is respectfully submitted,may have once again reached the infamous ADM Jabalpur moment, even if this is so, in the context of income-tax proceedings.The hon’ble Supreme…
EXCISE/ST/VAT : Relevant date for import by air was to be date of issuance of airway billEXCISE/ST/VAT : Relevant date for import by air was to be date of issuance…
INTERNATIONAL TAXATION : Where certificate was issued under section 195(2) directing payer company, GCI to deduct tax at source at rate of 10 per cent at time of making payment…
COMPANY LAW : SC brings about an amicable end to family feud between mother amp; daughters by making mother the Emeritus Consultant of the companyCOMPANY LAW : SC brings about…
The debate regarding enforcement of arbitration over other laws has been going on for a score and six years in our country.The debate regarding enforcement of arbitration over other laws…
INCOME TAX : Where mortgages are entered into between parties, after initiation of action by Income-tax Department for recovery of arrears, then such mortgages are void and cannot be a…
INCOME TAX: By virtue of insertion of clause (d) to proviso to Section 43 (5) of Income Tax Act, 1961, transactions in respect of trading in derivatives as prescribed in…
FEMA, BANKING amp; INSURANCE : Unless company or firm has committed offence as a principal accused, persons mentioned in sub-section (1) or (2) would not be liable and convicted as…