Schloss HMA Pvt Ltd filed a writ petition before the Bombay High Court, challenging the GST applicability on corporate guarantees issued to its subsidiaries. The petitioner argued that such guarantees ...

The Finance Act (No. 2), 2024, has brought a significant change by imposing a time limit on TDS correction statements. Until now, there was no restriction on how long these corrections could be made, ...

The Supreme Court upheld the ruling of the Tribunal and the High Court, stating that since the original assessment order was set aside, any satisfaction recorded for initiating penalty proceedings ...

Visakhapatnam, partly allowed an appeal filed by the legal heir of a deceased assessee, granting a deduction under Section 54F of the Income Tax Act despite non-compliance with the deposit requirement ...

Mumbai dismissed the Revenue’s appeal in ITO Vs Abdul Aziz Abdul Kadar, ruling that Section 50C of the Income Tax Act, 1961, does not apply to tenancy right transfers. The appeal, filed by the Revenue ...

The Bombay High Court dismissed the Revenue’s appeal in CIT Vs Abdul Aziz Abdul Kadar, ruling that the provisions of Section 50C of the Income Tax Act, 1961, do not apply to the transfer of tenancy ...

“I, Subhash Shyamrao Raut, Authorized Signatory of Police Karmachari Sahakari Pat Sanstha Gondia, aged 38, resident of, ...

The Supreme Court of India dismissed the appeal filed by the Principal Commissioner of Income Tax (Central) 4 against Patanjali Foods Ltd., effectively upholding the Bombay High Court’s judgment. The ...

The court emphasized the “clean slate” principle afforded to the new management of a company after a successful resolution under the IBC. This principle prevents the revival of old tax liabilities ...

Trustees or sponsors of AIFs must ensure compliance with these requirements in their Compliance Test Reports. The circular is effective immediately and aims to regulate investment practices while ...

1. Para 1.24 of Chapter 1 of SEBI Master Circular for Depositories dated December 3, 2024 (“Master Circular”) prescribes the modalities for issuance of ‘Consolidated Account Statement (CAS) for all ...

Securities and Exchange Board of India (SEBI) has released draft circulars seeking public comments on proposed revisions to financial disclosure and compliance norms for Real Estate Investment Trusts ...