Clipped from: https://www.financialexpress.com/opinion/how-budget-2021-has-reduced-taxpayers-rights/2215634/ The decision to abruptly replace two quasi-judicial authorities (the Income-Tax Settlement Commission and the Authority for Advance Rulings) with administrative Boards negatively impacts
Category: Legal
Soft-touch regulation for digital lending – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/soft-touch-regulation-for-digital-lending/2215702/ A data protection law could help, as also formally recognising industry efforts to certify genuine platforms Similarly, on the data protection aspect, a
Buyer entitled to a refund upon delay | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/buyer-entitled-to-refund-upon-delay-121032100766_1.html The purchaser can’t be made to wait endlessly just because the builder fails to fulfil his contractual obligation to obtain the Occupancy Certificate
Changes in tax norms on slump sale deals may lead to litigation for firms | Business Standard News
lipped from: https://www.business-standard.com/article/companies/changes-in-tax-norms-on-slump-sale-deals-may-lead-to-litigation-for-firms-121032500988_1.html Changes will impact several M&A transactions, including internal restructuring by companies which were signed since April 2020. Tax computation will not include goodwill
A failure of scrutiny: DHFL fraud shows limitations of Aadhaar in plugging leakages – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/a-failure-of-scrutiny-dhfl-fraud-shows-limitations-of-aadhaar-in-plugging-leakages/2220525/ The failure of scrutiny mirrors that which was exposed in an investigative series by The Indian Express on the leakage in Jharkhand, in
ही कोंडी आता फोडा — महाराष्ट्र टाइम्स
Clipped from: https://maharashtratimes.com/editorial/editorial-on-redevelopment-of-buildings-in-mumbai-city-and-bombay-high-court/articleshow/81698349.cms मुंबई उच्च न्यायालयाने गेल्या काही दिवसांत दोन महत्त्वाचे निकाल दिले आहेत. एका निकालाने इमारतीचा पुनर्विकास अडकवून ठेवणाऱ्या एका रहिवाशाची जागा पोलिसांच्या मदतीने ताब्यात
Welcome back, IBC | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/welcome-back-ibc-121032501441_1.html Govt should now focus on strengthening the NCLT The government has done well not to extend the Insolvency and Bankruptcy Code (IBC) suspension, which ended
Vikas Malu hires top lawyers to stop Indian government from taxing his global income – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/invest/vikas-malu-hires-top-lawyers-to-stop-indian-government-from-taxing-his-global-income/articleshow/81693413.cmsSynopsis Represented by Harish Salve, Abhishek Singhvi, and Nalin Talwar, the UAE-based businessman belonging to the Kuber group, moved the Supreme Court on Wednesday,
CBI raids 100 locations in bank frauds over Rs 3,700 crore–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/cbi-raids-100-locations-in-bank-frauds-over-rs-3700-crore/story/434907.html CBI said that various incriminating documents and other material and digital evidences were recovered during the searches The Central Bureau of Investigation (CBI)
‘RuPay’s market share by volumes is 34%’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rupays-market-share-by-volumes-is-34/2218027/ E-commerce is a very significant driver, but we are also seeing a lot of other interesting categories emerge. For example, we now have
All you need to know about perpetual bond controversy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-need-to-know-about/article34134365.ece A circular from SEBI on perpetual bonds in the second week of March set off tensions between the Finance Ministry and the market
Bombay HC asks for valuation of Karvy accounts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bombay-hc-asks-for-valuation-of-karvy-accounts/articleshow/81680532.cms Synopsis–IIFL Securities had won the bid to acquire the 11 lakh demat accounts held by Karvy. Axis Securities emerged as the successful bidder
Taxman puts mutual fund houses, HNIs on watch over past dividend stripping – The Economic Times
Clipped from: https://economictimes.indiatimes.com/mf/mf-news/taxman-puts-fund-houses-hnis-on-watch-over-past-dividend-stripping/articleshow/81676349.cmsSynopsis Sends notices asking for information on payouts and redemptions during FY14 to FY20 period Old deeds have come back to irk some of
Banks may seek review of SC order; yet to get ex gratia from first round – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/banks-may-seek-review-of-sc-order-yet-to-get-ex-gratia-from-first-round/2219739/ Lenders themselves have paid the ex gratia amounts to their respective borrowers, and the last date for doing so was November 5, 2020.
Between Supreme Court & govt, banks lose freedom – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/between-supreme-court-govt-banks-lose-freedom/2219575/ SC did well to allow banks to declare loans as NPAs, but not allowing them to charge penal interest was a bad idea
Why drive up input tax costs? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/why-drive-up-input-tax-costs/2219644/ Significant curtailment of Form C benefits to adversely impact several important sectors Needless to say, all such businesses will be forced to consider
Supreme Court rejects NBCC’s resolution plan for JIL – The Financial Express
Clipped from: https://www.financialexpress.com/industry/further-delay-supreme-court-rejects-nbccs-resolution-plan-for-jil/2219538/ Asks RP to invite fresh bids & complete insolvency process within 45 days The Supreme Court had in August last year transferred to
CAG calls for improved handling of indirect tax cases – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cag-calls-for-improved-handling-of-indirect-tax-cases/article34152331.ece Comptroller and Auditor General (CAG) has recommended a full overhaul of the system of issuing show cause notices in Central Board of Indirect
SEBI seeks ‘discretion’ in prosecutions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-seeks-discretion-in-prosecutions/article34153531.ece Watchdog wants the law amended as it faces charges of inconsistency Market regulator SEBI will be seeking ‘discretionary powers’ with regard to the
Banking on crisis management: Meet Gopinath, head of SEAC on bank licences | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banking-on-crisis-management-meet-gopinath-head-of-seac-on-bank-licences-121032401725_1.html Ever-smiling, consciously low profile, and unfailingly polite, it is easy to mistake her for a family matriarch rather than a doyenne of high
