The Finance Ministry has notified the Companies (Amendment) Act, 2020 which seeks to amend the Companies Act, 2013. The notification seeks to amend clause (52) of section 2 which elaborates on Definition of Listed company....
The lower house of the Parliament, the Lok Sabha has passed The Banking Regulation (Amendment) Bill, 2020. The Banking Regulation (Amendment) Bill, 2020 was introduced in Lok Sabha on September 14, 2020. The Bill amends...
The Madras High Court held that the assessee is entitled to exemption under Section 47(v) of Income Tax Act with respect to the transfer of land to its holding company. The assessee, M/s.Shardlow India Ltd....
Maersk is hiring CA qualifiers for the role of Strategy & Competitor Analyst at their Pune location. Candidates with 9 to 12 years of experience are required. Maersk Global Service Centres (India) Private Limited is...
The Grant Thornton has invited applications from eligible candidates for the post of accounts Manager. Grant Thornton is the world’s fifth-largest professional services network of independent accounting and consulting member firms that provide assurance, tax...
The Competition Commission of India (CCI) approves proposed acquisition of 9.93% stake by Emerald Sage Investment Limited in Apollo Tyres Limited. The proposed combination envisages subscription by Emerald Sage Investment Limited (Emerald) to 10.80 crores...
The Competition Commission of India (CCI) approves the formation of Joint ventures between Adani Green Energy Limited and Total S.A. in the business of power generation through solar energy in India. The proposed combination envisages...
The Ministry of Corporate Affairs (MCA) has mandated the Time frame for filing declaration in form NDH-4 by Nidhi Companies in order to make the regulatory regime more effective and also to accomplish the objectives...
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) in DCIT v. M/s. Mercury Projects held that the amount paid to ROC for the enhancement of authorized share capital is not deductible from the...
In a major relief to Start-ups, the Central Board of Direct Taxes (CBDT) has notified that Income Tax not payable on issuing share capital at excess premium by eligible start-ups. Section 56(2)(viib) provides that when...
In Arjun Malhotra vs. Commissioner of Income Tax, the Delhi High Court held that the market value of the shares quoted in the stock exchange on 5th May, 1998 cannot be taken indirectly invoking an...
In the Case, Assistant Commissioner of Income Tax vs. M/s Posco India Private Limited, Cuttack bench of Income Tax Appellate Tribunal (ITAT) recently held that interest on fixed deposits on money received in respect of...
In CIT v. M/s. Gagandeep Infrastructure Pvt.Ltd, the division bench of the Bombay High Court held that the amendment to s. 68 requiring explanation for source of Share capital/premium has prospective effect only. The bench...
In M/s. Classic Flour & Food Processing Pvt Ltd v. CIT, the division bench of the Income Tax Appellate Tribunal (ITAT), Kolkata held that the provisions of section 68 of the Income Tax Act relating...
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