In the Castleton income tax case, the AAR had ruled, in 2012, that even though it did not have a ‘permanent establishment’ in India, it
Month: August 2018
Opting for presumptive tax scheme? Here’s what to look out for – The Financial Express
Another drawback in these presumptive taxations in the case of partnership firms is that partners’ interest and salary are not allowed as deduction. Once a
NCLAT stays liquidation of Jyoti Structures Ltd – Today’s Paper – The Hindu BusinessLine
The National Company Law Appellate Tribunal (NCLAT) on Monday granted an interim stay on the liquidation of Jyoti Structures Ltd. The National Company Law Tribunal
IBC wins against taxman, yet again – The Hindu BusinessLine
The Supreme Court has ruled that the Insolvency and Bankruptcy Code (IBC) will override Income-Tax rules on claims. “Given Section 238 of the Insolvency and
Creditors of Bhushan Steel stand to lose even after resolution – NEWS – The Hindu BusinessLine
The resolution plan for the debt-ridden Bhushan Steel Ltd is in place with Tata Steel willing to acquire the former for Rs. 35,000 crore, but
For quick loan decisions, consortiums to get slimmer, says SBI Chairman – MONEY & BANKING – The Hindu BusinessLine
To ensure that there is no delay in decision-making on loans, the banking system is looking at reducing the number of members in a consortium
All you wanted to know about… – OPINION – The Hindu BusinessLine
The latest exploit from Elon Musk, the much-adored CEO of electric vehicle maker Tesla, has landed him in hot water with the US regulator, market
NCLAT grants stay on liquidation order passed against Jyoti Structures | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) has granted a stay on the liquidation order passed against insolvent firm Jyoti Structures. The stay order comes after a group of
RBI Deputy Governor bats for umbrella law for public credit registry | Business Standard News
Reserve Bank of India (RBI) Deputy Governor Viral V Acharya on Monday called for enacting a special law to enable the proposed public credit registry (PCR) to come into being,
MCA probes Jet Airways on suspicion of siphoning funds: Sources | Business Standard News
The Ministry of Corporate Affairs is probing allegations of fund siphoning at Jet Airways, the country’s second largest domestic airline by market share. “The probe is at
Big cracks surface among banks over inter-creditor agreement pinpricks | Business Standard News
All’s not well among banks despite a public show of solidarity on the stated merits of the freshly minted inter-creditor agreement (ICA) to clean up the dud-loan
Govt’s amendments must to boost credit bureaus, says NS Vishwanathan | Business Standard News
The Reserve Bank of India (RBI) wants to strengthen the credit bureaus, but to do that the government has to make some legislative amendments, RBI Deputy Governor
IBC helps HBN’s retail depositors claim their dues – The Economic Times
The Insolvency and Bankruptcy Code (IBC), considered an exclusive redressal platform for institutional defaults, has yet again come to the rescue of retail depositors. A
Internal strife hurting Rupee: If government is forcing RBI to loosen its purse strings, money would leave India faster than light – The Financial Express
The depreciation of the rupee and the attendant loss of reserves in managing the volatility should have been seen as a consequence of global forces.
Govt decides against removing RBI nominees from PSB boards, cites NPA issue | Business Standard News
The government has decided to turn down the Reserve Bank of India’s (RBI’s) demand for removing the regulator’s nominees from the boards of public sector banks (PSBs).
Brace for more rupee weakness, advise Rabobank MD and senior economist | Business Standard News
Jan Lambregts MD & global head, financial markets research Rabobank International. Economic turmoil in Turkey affected global financial markets. JAN LAMBREGTS, managing director and global head of financial markets research
Don’t tax intra-firm service supply–Economic Times
Don’t tax intra-firm service supply The Karnataka Authority of Advance Rulings (AAR) has erred in ruling that services by an office to branches in other
GST implementation an example of tax terrorism, says P Chidambaram – The Financial Express
The senior Congress leader also said that stagnant investment, fiscal deficit under pressure and the state current account deficit is having an impact on the
Jaypee Infra case: 3,400 homes offered for possession in one year | Business Standard News
The resolution professional for Jaypee Infratech has, in the past nine months, offered 3,400 houses for possession. A source close to the resolution professional said,
More uncertainty with rupee’s slide | Business Standard Column
Last Tuesday, the commerce ministry said the trade deficit for July was estimated at a little above $18 billion, as against one of nearly $11.5 bn during
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