The Kolkata Bench of the National Company Law Tribunal ( NCLT ) observed that the simultaneous Corporate Insolvency Resolution Process ( CIRP ) can be initiated against principal borrower and corporate guarantor. The instant application

The Institute of Chartered Accountants of India (ICAI) revised the standards on Joint Audit of Financial Statements. The practice of appointing more than one auditor to conduct the audit of large entities has been in

The Hyderabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in Vasantha Green Projects vs. CCT held that Service Tax could not be levied on the consideration received from land owners in

The Income Tax Appellate Tribunal (ITAT), Banglore Bench held that the capital gain deduction is allowable for eight flats received under Joint Venture Agreement. The assessee, Maurice Patrick De Rebello an individual, admitted Long Term

The Income Tax Appellate Tribunal (ITAT), Pune Bench ruled that income not to be considered in hands of  joint venture as contract receipts, assets, liabilities apportioned between members. The assessee, Shraddha & Prasad Joint Venture

The National Company Law Appellate Tribunal ('NCLAT'), has held that financial assistance given by one party to another in a Joint Venture Agreement ('JVA') by way of an Inter Corporate deposit cannot be Financial Debt

The Maharashtra Authority of Advance Ruling in an application filed by Soma-Mohite Joint Venture held that construction of the tunnel under joint venture shall be the composite supply of works contract and not earthwork. The

The Calcutta High Court, while quashing an order passed by the Revenue against IRS Manjith Singh, former CBDT official, has clarified that the sale consideration of a floor developed under a Joint Venture Agreement is

The Central Board of Excise and Customs (CBEC) last day clarified the liability to pay tax on the taxable services provided by the members of the Joint Venture (JV) to the JV and vice versa

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) comprising Ms. Suchitra Kamble, (Judicial Member) and Shri Waseem Ahmed (Accountant Member) has observed that the consideration received for transfer of marketing/distribution rights for veterinary

The Income Tax Appellate Tribunal ( ITAT ), Delhi bench, last day allowed deduction in respect of loss incurred on investment in Joint Venture Company which was written off by the assesse. Assessee, as part

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the waiver of cash loan by a holding company vide Agreement is not taxable as “Income from Profits and Gains from Business and Profession”

The Assistant Commissioner, Central Board of Excise and Customs (CBEC), on Tuesday clarified that one third deemed deduction on account of transfer of land also covers transfers as per the Joint venture agreements. The Officer,

The Competition Commission of India (CCI) approves the formation of a joint venture between Mahindra & Mahindra and Ford Motor and the transfer of the automotive business of Ford India to the joint venture. The

The Guwahati Bench of the National Company Law Tribunal ruled that the amount given by financial creditor as investment for joint venture to corporate debtor is not financial debt under the Insolvency and Bankruptcy Code,