Share Application Money Deposited With Corporate Debtor Not a Financial Debt u/s 5(8) of IBC: NCLAT [Read Order]
The New Delhi bench of National Company Law Appellate Tribunal ( NCLAT) has held that share application money deposited with the corporate debtor cannot be treated as financial debt under section 5(8) of the IBC.
ROC Return Filing Dates Extended? Know the latest updates on MGT-7, 7A, PAS-06
Indian Companies are mandatorily required to file numerous forms, returns and documents to the Registrar of Companies ( ROC ), operating under the Indian Ministry of Corporate Affairs ( MCA ). Filing the necessary forms
CA Vacancy in Mahindra 
The Mahindra invited applications for the post Assistant/Deputy Manager - Finance & Accounts. Qualification CA Become PF & ESIC Pro: Basic to Advance Course - Enroll Today, Click here Experience 5+ yrs. experience with Excel /SAP
Filing of Turnover in a tender process would not exempt from furnishing the Income Tax Return: Gauhati HC [Read Order]
The Gauhati High Court has held that filing of turnover in a tender process would not exempt from furnishing the income tax return ( ITR ). The court held that the words “Turnover” and “Income
IFSCA Introduces Principles to Mitigate Risk of Greenwashing in ESG Debt Securities [Read Circular]
The International Financial Services Centres Authority ( IFSCA ) has released detailed guidelines to address concerns of "greenwashing" in the issuance of Environment, Social, and Governance ( ESG ) labelled debt securities, including Green Bonds,
MBA Vacancy in Deloitte
Deloitte invited applications for the Assistant Manager. Qualification: MBA in Data Science/AI/Analytics, business development or Postgraduates with business development and project management experience Excellent understanding of data science project lifecycle and basic knowledge of data
ITAT Rules Compensation for Delayed Property Delivery as Capital Receipt, Not Taxable [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT )ruled that the compensation of Rs.5,947,940 received by the assessee from Jaypee Greens Greater Noida for the delayed delivery of a property was a capital
Service Tax Must Be Levied on Contract-Specific Basis between Provider and Recipient: Madras HC [Read Order]
In a recent ruling, the Madras High Court has ruled that the service tax must be levied considering contract-specific basis between the service provider and the recipient. The bench was dealing with levying tax on
No Prejudicial Infirmity by Customs during Seizure of Contraband u/s 110: Delhi HC Rejects Bail of Alleged Methaqualone Smuggler [Read Order]
The Delhi High Court recently vitiated the arguments raised in a Bail Application filed by an alleged methaqualone smuggler, observing that there had been no prejudicial infirmity on the end of the Customs Department during
CESTAT orders Cross-examination of Material Evidence u/s 9D of Central Excise Act in alleged Fake Invoices case [Read Order]
In a recent ruling, the Chandigarh bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) directed a re-trial in the CENVAT credit case involving alleged fake invoices and misuse of excise
ICSI CSEET, November 2024 Results Declared! Know how to view your Results at icsi.edu
The results for the November 2024 iteration of the Company Secretary Executive Entrance Test ( CSEET ) conducted by the Institute of Company Secretaries of India ( ICSI ) for securing admission to the Company
DGFT Notifies New SION for Clobetasol Propionate under Chemical and Allied Products Category [Read Notice]
The Directorate General of Foreign Trade (DGFT) through Public Notice No. 33/2024-25  dated November 14th, 2024, has introduced a new Standard Input Output Norm (SION) under the Chemical and Allied Products category. The new  Standard
Petition u/s 9 of IBC In Absence of Pre-Existing Dispute can be Admitted on Proven Debt & Default: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NLCAT ) held  that once it is established that the corporate debtor has defaulted in the payment of operational debt, the application under section
Can startups and MSMEs claim both Income Tax and GST benefits simultaneously?
What do you mean by start-up and MSME? A: A startup is an innovative company that is in the early stages of business development. They are usually founded by entrepreneurs who develop an idea or
ICAI Revises Criteria for Classification of Non-Company Entities for Applicability of Accounting Standards
The Institute of Chartered Accountants of India ( ICAI ) has revised the criteria for classification of the non-company entities for the applicability of the accounting standards. In its 433rd meeting, the council considered the