In the simplest terms, A frozen bank account means that the account holder is temporarily prevented from accessing the funds in their account. It won’t be possible to move money in or out of the

The Mumbai Bench of the National Company Law Tribunal ( NCLT ) observed that the detention charges is operational debt under the Insolvency and Bankruptcy Code, 2016 (IBC). The Company Petition was filed by ABC

In a recent hearing, the Supreme Court warned the Enforcement Department ( ED ) and directed them not to harass the Tamil Nadu District Collector unnecessarily. The Court was hearing the plea of ED against

In the case where the challenge on the applicability of the Amended Rule in Madhya Pradesh (MP) Foreign Liquor Rules,1996, the Supreme Court directed to application of the amended rule. The court held that the

The Supreme Court held that Interest Free or Concessional Loans to Bank Employees Are Taxable under Income Tax Rules as Perquisite under Section 17 of the Income Tax Act, 1961.s All India Bank Officer’s Confederation,

In a significant case, the Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that service tax is not demandable on toll charges collected in an independent capacity as a

The Mumbai Bench of the National Company Law Tribunal (NCLT) observed that no claim is to be admitted after the approval of the Resolution Plan by the Committee of Creditors (CoC). The applicants in the

The recent surge in tax revenue has provided temporary relief for the cash-strapped state government, allowing the state treasury to exit its overdraft status. Prior to this, the treasury had been in overdraft for nearly

On Friday, May 17, the Supreme Court upheld a rule issued by the Institute of Chartered Accountants of India (ICAI) that limits Chartered Accountants to a maximum of 60 tax audit assignments per financial year.

The Kolkata Bench of the National Company Law Appellate Tribunal (NCLT) held that the amount given as share application money is not financial debt under the Insolvency and Bankruptcy Code, 2016 (IBC). The petition has

The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal(CESTAT) upheld the commissioners order allowing refund as the excise duty refund rejected without  verifying invoice showing double duty payment. The Tribunal found that the

The Kolkata Bench of the National Company Law Tribunal ( NCLT ) held that the NCLT is not empowered to set aside arbitral award passed during moratorium period under Section 14 of the Insolvency and

The Jodhpur bench of the Income Tax Appellate Tribunal (ITAT) granted the assessee's appeal, acknowledging that the delay in filing the TDS return was due to a technical issue rather than negligence. The assessee, a

The Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer ( AO ) to allow exemption under Section 11 of the Income Tax Act, 1961 acknowledging that profit derived from services rendered

The JPMorgan Chase & Coinvited applications for the post Financial Analysis - Associate. Qualification Chartered Accountant/CFA/MBA (Finance) (or similar educational background) with 10+ years of post-qualification experience Experience in planning and analysis/financial management / accounting