ICAI New Audit Quality Management Standards are Void and Illegal: NFRA
In a significant development, the National Financial Reporting Authority ( NFRA ) has declared the recent revisions made by the Institute of...
SEBI notifies Reduction in timeline for listing of debt securities and Non-convertible Redeemable Preference Shares to T+3 working days from existing T+6 working Days [Read Circular]
In a significant move aimed at improving market efficiency, the Securities and Exchange Board of India ( SEBI ) has reduced the timeline for listing debt securities and Non-convertible Redeemable...
Format for Reporting by Foreign Venture Capital Investors (FVCIs): SEBI issues Circular [Read Circular]
The Securities and Exchange Board of India ( SEBI ) issued a circular on September 13, 2024, revising the reporting format for Foreign Venture Capital Investors ( FVCIs ) under Regulation 13(1) of...
MCA notifies Threshold Limit of Minimum ₹450 Crore Asset and ₹1,250 Crore Turnover for Combinations under Competition Act [Read Notification]
The Ministry of Corporate Affairs ( MCA ) has introduced new threshold limits for determining combinations under the Competition Act, 2002, with the notification of the Competition ( Minimum Value...
![MCA notifies Threshold Limit of Minimum ₹450 Crore Asset and ₹1,250 Crore Turnover for Combinations under Competition Act [Read Notification]](https://images.taxscan.in/h-upload/2025/06/03/500x300_2041086-mca-ministry-of-corporate-affairs-threshold-limit-threshold-limit-of-minimum-450-crore-asset-competition-act-taxscan.webp "MCA notifies Threshold Limit of Minimum ₹450 Crore Asset and ₹1,250 Crore Turnover for Combinations under Competition Act [Read Notification]")
MCA notifies Competition (Criteria for Exemption of Combinations) Rules, 2024 w.e.f. 10th September 2024
The Ministry of Corporate Affairs has introduced the Competition ( Criteria for Exemption of Combinations ) Rules, 2024, which come into effect from September 10, 2024. These rules, formally known...
Mere Claim does not constitute Furnishing of Inaccurate Particulars for being Unsustainable: ITAT [Read Order]
In a recent judgement, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the order of the Commissioner of Income Tax (Appeals), asserting that simply making a claim that is not...
![Mere Claim does not constitute Furnishing of Inaccurate Particulars for being Unsustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Mumbai-ITAT-Upholds-CIT-A-Order-Income-Tax-Appellate-Tribunal-Furnishing-Particulars-taxscan.jpg "Mere Claim does not constitute Furnishing of Inaccurate Particulars for being Unsustainable: ITAT [Read Order]")
