INCOME TAX : Where penalty under section 271(1)(c) imposed on assessee for furnishing inaccurate particulars of dividend income was deleted by Tribunal on ground that assessee had voluminous transactions and…
The Central Government has declared “zero coupon zero principal instruments” as securities for the purposes of Securities Contracts (Regulation) Act, 1956. “Zero coupon zero principal instrument” means an instrument issued…
The SEBI has noticed a cyber security incident on the E-mail system which was undergoing a system upgrade and accordingly an FIR as per the relevant provisions of law has…
INCOME TAX : Assessee was not entitled to reduce book profit by capital loss debited to Pamp;L account which was subject matter of qualification by auditors as such capital loss…
COMPANY LAW : Where registration of one of directors of Registered Valuer Entity (RV-E) as a registered valuer was suspended for his alleged role in misconduct committed by bank and…
INCOME TAX : Where commercial property of assessee remained vacant during whole of previous year due to facts that property was unauthorized property and Government was having a cealing drive…
The major question is when a business can be considered as set up and commenced. The concept of setup and commencement will differ industry to industry. Expenditure is deductible under…
INCOME TAX : Where IWAI had conveyed sanction of payment of interest subsidy to IDBI in respect of loan granted to assessee and amount was credited to account of assessee…
INCOME TAX : Where assessee-company paid certain amount to its parent company located in Sweden towards royalty for use of technical know-how and technical process of licensor and Assessing Officer…
INCOME TAX : Where Assessing Officer issued a reopening notice on assessee-company under section 148 on ground that assessee had received certain capital gain on sale of an immovable property…