The Insolvency Bankruptcy Code consolidates and amends the laws relating to re organisation and insolvency resolution of corporate persons, partnership firms and individuals in a time-bound manner for maximization of value of assets of such
Once K. Parasaran Sir and F.S Nariman Sir said that the sales tax law in this country got shaped through the passionate and dedicated efforts of C. Natarajan. In fact, some of the Judges of
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the deduction under Section 80P of the Income Tax Act, 1961 is allowable to co-operative credit societies as it is not a co-operative bank. The
The Arm's Length Price (or "ALP") represents the price that should have been paid between related parties had those parties not been linked to each other, as opposed to business transactions between related parties, which
A two-judge bench of the Supreme Court on last week held that the State cannot deny taxes when a byproduct is marketable as goods and can fetch considerable price. While interpreting the provisions of the
Introduction:- It is seen in the course of practice on the subject that during the course of Search and Seizure actions, voluminous documents are seized which may also include numerous loose papers, diaries, note pads
With the introduction of the Prevention of Money Laundering ( PMLA ) Act, 2002 (‘Act’), which was made effective from 01.07.2005, a number of legal issues arose, which required adjudication in various courts and competent
The Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI) has issued a warning to an Interim Professional for alleged bribery demands and non-cooperation with the inspecting authority. The National Company Law Tribunal
The concept of insolvency is extremely fertile in a market economy. The insolvency regime in India was started with the enactment of the Insolvency and Bankruptcy Code, 2016(Code). A key pillar of the insolvency ecosystem
Introduction:- The Hon’ble Union Finance Minister Nirmala Sitharaman has presented the Union Budget 2021 of India on the 1st of February, 2021. Budget 2021 is aimed at reviving an economy that plunged into deepest recorded
Overview Under an ESOS, a company grants options (right without any obligation) to acquire a certain number of shares in the company or its holding/subsidiary company generally at a predetermined price (exercise price) within a
Officer has in his possession books of accounts or other documents or evidence which reveals that the income chargeable to tax, represented in the form of asset Introduction:- The Hon’ble Union Finance Minister Nirmala Sitharaman
Introduction The Income Tax Act, 1961 is in itself a complete code concerning the procedure of completing assessments/reassessments qua the assessees subject to the embedded riders in forms of sanctions/approvals of the competent authority, time-constraints
Introduction:- Authority and power to conduct search and seizure operations is strident and caustic power authorized by law to be taken recourse to when the conditions mentioned under different clauses of Section 132 (1) of
The Insolvency and Bankruptcy Board of India ( IBBI ) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies ( IPA ), Insolvency Professionals (IP) and Information Utilities (IU) in India.