Read More: https://www.taxscan.in/interest-from-loan-given-to-related-party-for-business-purpose-does-not-attract-section-40a2b-of-the-income-tax-act-itat/159672/ Clipped from: https://www.taxscan.in/interest-from-loan-given-to-related-party-for-business-purpose-does-not-attract-section-40a2b-of-the-income-tax-act-itat/159672/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Interest Top Stories By Rasheela Basheer – On March 10, 2022 11:22 pm The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the
Category: Legal
A Director not involved in Day-to-Day Affairs of Company cannot be Prosecuted for Cheque Bounce Cases: Allahabad HC [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/a-director-not-involved-in-day-to-day-affairs-of-company-cannot-be-prosecuted-for-cheque-bounce-cases-allahabad-hc/159879/ Clipped from: https://www.taxscan.in/a-director-not-involved-in-day-to-day-affairs-of-company-cannot-be-prosecuted-for-cheque-bounce-cases-allahabad-hc/159879/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Cheque%20Bounce%20Cases Top Stories By Taxscan Team – On March 11, 2022 3:08 pm The Allahabad High Court has held that a director, who is not
SC stays NCLAT order appointing three govt nominees on 63 moons board – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/sc-stays-nclat-order-appointing-three-govt-nominees-on-63-moons-board/article65210641.ece NEW DELHI, 09/04/2013: Supreme Court of India in New Delhi on April 10, 2013. Photo: S. Subramanium | Photo Credit: SUBRAMANIUM S Allows
PNB locker claim settlement: How claims settlement will work after death of locker hirer – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/save/pnb-locker-claim-settlement-how-claims-settlement-will-work-after-death-of-locker-hirer/articleshow/90116624.cms Synopsis PNB has a simplified policy and procedure in place to help with the settlement of claims for deposits, locker contents left in
Taxation of Income from House Property–TAXSCAN
Clipped from: https://taxguru.in/income-tax/taxation-income-house-property.html?utm_source=feedburner&utm_medium=email INTRODUCTION Taxation of House Property in India is governed by Income Tax Act,1961. Owning a house one day, everybody dreams of this, saves
RBI clarifies on mode of receipt of complaints under RBI Integrated Ombudsman Scheme 2021–TAXSCAN
Clipped from: https://taxguru.in/rbi/rbi-clarifies-mode-receipt-complaints-rbi-integrated-ombudsman-scheme-2021.html?utm_source=feedburner&utm_medium=email Reserve Bank of India Reserve Bank clarifies on the mode of receipt of complaints under Reserve Bank – Integrated Ombudsman Scheme 2021(RB-IOS) Instances
Second amendment to LLP Rules will ease procedural burden: Experts | Business Standard News
lipped from: https://www.business-standard.com/article/pf/second-amendment-to-llp-rules-will-ease-procedural-burden-experts-122030801548_1.html At the time of incorporation, five can be appointed designated partners According to the Economic Survey 2021-22, India has 83 unicorns. Of these, 44 were
Thank you, Justice | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/justice-akil-kureshi-remarks-on-judicial-independence-and-the-collegium-strike-many-chords-7804088/ Justice Akil Kureshi’s remarks on judicial independence and the collegium strike many chords. Hope his colleagues heard him The government may have had
Banks told to tighten monitoring, have ironclad KYC to avoid new ‘Jamtara’ | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-told-to-tighten-monitoring-have-ironclad-kyc-to-avoid-new-jamtara-122021601581_1.html?code=NTM4OTU9MTIyMDIxNjAxNTgx Banking sources indicate there have been brazen violations of Section 17 of the RBI’s Master Direction on KYC norms That explains the need
Avoid amendment | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/avoid-amendment-122021601523_1.html Proposed changes in GST will increase friction The goods and services tax (GST) would soon complete five years. While this milestone will lead
Extramarital affair cannot be reason to sack policeman from service: Gujarat High Court – The Financial Express
Clipped from: https://www.financialexpress.com/india-news/extramarital-affair-cannot-be-reason-to-sack-policeman-from-service-gujarat-high-court/2435973/ The couple admitted to the relationship, after which the police sent him a show-cause notice and dismissed him from service in 2013. The
India needs to take a serious look at its business laws. Here’s why – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/india-needs-to-take-a-serious-look-at-its-business-laws-heres-why/articleshow/89782836.cms Synopsis In the Observer Research Foundation (ORF) report, ‘Jailed for Doing Business: The 26,134 Imprisonment Clauses in India’s Business Laws’ (bit.ly/ 3sU0Kdm) released
‘Forming a trust safer than writing a Will’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/forming-a-trust-safer-than-writing-a-will/article65192958.ece A retirement plan you can bet your life on | Photo Credit: PeopleImages To mark the occasion of Women’s Day on March 8,
The digital threat | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-digital-threat-122030301472_1.html India’s cyber-security strategy needs a credible deterrence capacity Cyber-attacks during the Russia-Ukraine war may lead to the North Atlantic Treaty Organization reviewing and
Wife’s right of residence in shared household not permanent: HC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/wifes-right-of-residence-in-shared-household-not-permanent-hc/articleshow/89938081.cms Synopsis Dismissing a plea against eviction by an estranged wife living with her in-laws, the court said, “Admittedly, the right of residence under
property right: Can elder sister demand her share in father’s property even though my mother is still alive? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/can-elder-sister-demand-her-share-in-fathers-property-even-though-my-mother-is-still-alive/articleshow/89847235.cms Synopsis As per the Hindu Succession Act 1956, your elder sister being a class I legal heir is entitled to claim her share
IBBI suspends registration of valuer – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/tp-technophile/ibbi-suspends-registration-of-valuer/article65185211.ece Suspension valid till he is exonerated from PMC Bank-related charges Insolvency regulator declares Vishwanath Sridhar Prabhu as not ‘fit & proper’ Insolvency regulator
CCI cannot question pleadings of a party before a court: Amazon tells NCLAT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/cci-cannot-question-pleadings-of-a-party-before-a-court-amazon-tells-nclat-122030201265_1.html The US e-commerce giant made this argument related to CCI’s show-cause notice issued to it in June last year Amazon A statutory authority
Figures Shown to Income Tax Authorities cannot be used to determine Service Tax Liability: CESTAT [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/figures-shown-to-income-tax-authorities-cannot-be-used-to-determine-service-tax-liability-cestat/157572/ Clipped from: https://www.taxscan.in/figures-shown-to-income-tax-authorities-cannot-be-used-to-determine-service-tax-liability-cestat/157572/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Figures%20shown Top Stories By Rasheela Basheer – On March 2, 2022 4:39 pm The CESTAT, Kolkata bench, last week held that the figures shown to
Centre defends PMLA provisions in Supreme Court – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/centre-defends-pmla-provisions-in-supreme-court/articleshow/89952526.cms Synopsis The apex court is hearing arguments on a batch of pleas concerning the interpretation of certain provisions of the PMLA. The Centre
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