![No Adverse inference to be drawn if Shareholders failed to respond to Notice issued by AO: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/shareholders-notice-AO-ITAT-Taxscan.jpg "No Adverse inference to be drawn if Shareholders failed to respond to Notice issued by AO: ITAT deletes Addition [Read Order]")
No Adverse inference to be drawn if Shareholders failed to respond to Notice issued by AO: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench while deleting the addition ruled that no adverse inference to be drawn if shareholders failed...
![Shares at ‘Face Value’ by Amalgamated Company to Shareholders in pursuance of Scheme of Amalgamation not covered under clause (viib) of Section 56(2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Shares-Face-Value-Shareholders-Amalgamation-Section-562-ITAT-Taxscan-1.jpeg "Shares at ‘Face Value’ by Amalgamated Company to Shareholders in pursuance of Scheme of Amalgamation not covered under clause (viib) of Section 56(2): ITAT [Read Order]")
Budget 2021 relaxes threshold for Small Companies and allows NRIs to form One Person Company [Read Finance Bill]
The Union Budget 2021 has proposed to amend the definition of small companies under the Companies Act, 2013. As per the new definition, small companies means a company that has paid-up share capital...
![NCLT approves Amalgamation of ThyssenKrup Marine Systems and Atlas Elektronik [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/NCLT-amalgamation-ThyssenKrup-Marine-Systems-Atlas-Elektronik-Taxscan.jpg "NCLT approves Amalgamation of ThyssenKrup Marine Systems and Atlas Elektronik [Read Order]")
IBBI notifies Model Bye-Laws and Governing Board of Insolvency Professional Agencies (Amendment) Regulations, 2021 [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Model Bye- Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2021. The notification...
![IBBI notifies Model Bye-Laws and Governing Board of Insolvency Professional Agencies (Amendment) Regulations, 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/01/IBBI-Model-Bye-Laws-Insolvency-Professional-Agencies-Amendment-Taxscan.jpeg "IBBI notifies Model Bye-Laws and Governing Board of Insolvency Professional Agencies (Amendment) Regulations, 2021 [Read Notification]")
![SEBI imposes Penalty on NDTV over Disclosure Lapses to the tune of Rs. 5 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/SEBI-penalty-NDTV-Disclosure-Lapses-Taxscan.jpg "SEBI imposes Penalty on NDTV over Disclosure Lapses to the tune of Rs. 5 Cr [Read Order]")
Gujarat High Court quashes order demanding Excise Duties and directs Authority to re-look the CBEC Circular [Read Judgment]
The Gujarat High Court quashed the order demanding excise duties and directed the authority to re-look the CBEC Circular. The writ-applicant, M/s CTM Technical Textiles Ltd. is a company, inter...
![Gujarat High Court quashes order demanding Excise Duties and directs Authority to re-look the CBEC Circular [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Customs-Gujarat-High-Court-Excise-Duties-Authority-CBEC-Circular-Taxscan.jpg "Gujarat High Court quashes order demanding Excise Duties and directs Authority to re-look the CBEC Circular [Read Judgment]")
