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Supreme Court upholds Vires of Insolvency and Bankruptcy Code [Read Judgment]

The Supreme Court, on Friday, upheld the constitutional validity of the Insolvency and Bankruptcy Code, 2016. The two-judge bench headed by Justice...

Piyush Goyal calls for making Tax Compliance Simpler for Honest Tax payers

Delhi High Court upholds Addition for receiving Bogus Share Premium from Fake Companies formed by CA...

ITAT dismisses Appeal by Anil Kapoor ‘s Production Company [Read Order]

Delay in Service Tax Payment due to Non-Operation of a Centralised System not an Excuse to escape...

SC dismisses Revenue’s Appeal against Delhi HC verdict holding Arrest of MakeMyTrip Officials by DGCEI without SCN is Unconstitutional [Read Order]

The Supreme Court has dismissed the Revenue department’s appeal against Delhi High Court verdict holding Arrest of MakeMyTrip officials by DGCEI without Show Cause Notice (SCN) is unconstitutional. ...

IBBI amends Insolvency Resolution Process for Corporate Persons Regulations, 2016 [Read Regulations]

The Insolvency and Bankruptcy Code, 2016 provides for corporate insolvency resolution process for invitation, receipt, and consideration of resolution plans; and approval of a resolution plan to...

ICAI lays down Norms for providing Inspection /Certified Copies of Evaluated Answer-Book [Read Procedure]

CA Exam Candidates can apply for Inspection /Certified Copies of Evaluated Answer-book within 30 Days: ICAI The Institute of Chartered Accountants of India ( ICAI ) has laid down the detail procedure...

GST Bail Cancellation Case: Court again dismisses Bail Application

New Delhi: The ASJ Special Judge has denied bail to Rajesh Jindal, who was arrested by the department for issuing invoices of GST Input Tax Credit without the actual supply of goods. Adv. Aditya...

Multiple Flats in same Building received under Joint Development Agreement eligible for S. 54F Deduction: ITAT [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the multiple flats in the same building received by the assessee under a Joint Development Agreement are eligible for...

Mandatory Pre-deposit can be made through CGST Credit: CESTAT [Read Order]

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore bench has held that the mandatory pre-deposit can be made through CGST Credit. The appellant reversed 7.5% of the duty...

Bonus paid to Directors allowable as Deduction: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the payment of bonus to partners of a Company can be allowed as a deduction under section 36(1)(ii) of the Income Tax Act. The...

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