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IBBI, SEBI sign MoU for better implementation of IBC

The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) today with the Securities and Exchange Board of India...

ITAT confirms Addition since Share Applicant Entities were Paper Entities [Read Order]

GST: Appellate Authority cannot condone Delay beyond 30 Days, says Allahabad HC [Read Order]

Tribunal can extend Stay If Non-disposal of Appeal is not attributable to the Assessee: ITAT [Read...

Supreme Court confirms Addition for Bogus Share Application Money and Premium [Read Judgment]

No TDS on Enhanced Compensation for Compulsory Acquisition of Agricultural Land: ITAT allows Refund [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that no TDS can be levied on the enhanced compensation for the compulsory acquisition of the agricultural land. The...

Gold Schemes Offered to Customers not eligible for GST Input Tax Credit: AAR [Read Order]

The Maharashtra Advance Ruling Authority (AAR) has ruled that the companies cannot avail input tax credit under the GST regime in respect of Gold Schemes offered to the customers to promote business. ...

Rights of Preference Shareholders under the Insolvency and Bankruptcy Code, 2016

In India, there are so many companies which are under the Insolvency and Bankruptcy Code (IBC) and where the shareholders are thinking that to get a fair deal to secure their shares in the companies. ...

New Members appointed to Appellate Authority to hear CA, CS, Cost Accountants Misconduct Cases [Read Notification]

The Central Government has appointed new members to the Appellate Authority to hear and dispose the cases relating to professional misconduct of Chartered Accountants, Company Secretaries and Cost...

Uttarakhand HC releases Vehicle seized due to Expiry of E-Way Bill [Read Order]

The Uttarakhand High Court has ordered to release a vehicle seized by the GST department due to expiry of the E-way bill. The petitioners were allowed to release the vehicle by furnishing a simple...

Mere Execution of Power of Attorney Agent not amount to ‘Transfer’: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Chennai bench has held that mere execution of a Power of Attorney would not amount to transfer of property for determining the capital gain tax liability. ...

Maintenance Contracts are Services: AAR [Read Order]

In a significant ruling, the Authority for Advance Ruling (AAR), Maharashtra has held that the supply under annual maintenance contracts (AMCs) are a “composite supply” and classified them as service....

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