The Chennai Bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the liquidator is not empowered to decide the matters involving claims and counter claims. The appeal has been filed under

The Calcutta High Court rejected the bail application of Kuntal Ghosh in the matter regarding the inducement to pay wrongful gratification for illegal appointments. The Petitioner is a prominent youth leader of the political party

The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) held that extension of time in payment by the resolution applicant is not modification of the resolution plan. The present appeal was filed by

The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) observed that the liability for claim arising out of the recovery certificate is financial debt under Section 5(8) of the Insolvency and Bankruptcy Code,

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted unexplained credits under Section 68 of the Income Tax Act, 1961, as it found the deposit transactions by the Assessee Company to

The  Institute Of Chartered Accountant of India (ICAI) found chartered accountants were guilty of misappropriating funds of the company to the tune of Rs 7 crores by forging documents. The board found that Chartered Accountant

Indeed, political parties have been receiving Unlimited funds, a term that implies ‘boundless’. The introduction of Electoral bonds six years ago facilitated this influx of "unlimited funds" into political coffers. Contrary to expectations, these sums

The Madras High Court ordered a pre-deposit of Rs. 2.50 crores for setting aside the Goods and Services Tax ( GST ) demand which was confirmed without the consideration of GSTR 9C. Renaatus Projects Private

This weekly round-up analytically summarizes the key stories related to the Supreme Court and High Court reported at Taxscan.in from May 04th, 2024 to May 10th, 2024. SUPREME COURT Amounts covered by Security deposits under

The Ministry of Corporate Affairs has initiated a significant move towards the review of rules specified under the Chartered Accountants Act, 1949, inviting public comments on proposed changes. This development was announced by CA.(Dr.) Jai

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of 89.7 Lakhs under Section 68 of the Income Tax Act, 1961 after the taxpayer provided an explanation for the source of

The Phonepe invited applications for the post Senior Manager - Corporate Finance. Qualification CA (preferably an MBA as well) from premier institute Experience in the financial sector with previous roles such as financial analyst (not mandatory),

The Quality Review Board ( QRB ) at the Institute of Chartered Accountants of India ( ICAI ) has released the First Volume of the Guidance on Non-Compliances observed during Quality Reviews, in two parts.

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) ruled in favor of the taxpayer, deleting an addition of 28 lakhs after the taxpayer successfully substantiated the source of a cash deposit with sufficient

The Goods and Services Tax Network ( GSTN ) has launched the revamped Goods and Services Tax ( GST ) Portal on 3rd May, 2024. The Goods and Services Tax Network ( GSTN ) had