• April 22, 2024

Case Details: Thirumurugan Traders (Defunct) v. Deputy State Tax Officer - [2024] 161 taxmann.com 537 (Madras) Judiciary and Counsel Details Senthilkumar Ramamoorthy, J. Mrs R. Hemalatha & S. Rajasekar for the Petitioner. Mrs K. Vasanthamala, Govt. Adv. (Tax) for the Respondent. Facts of the Case The petitioner was a registered person under GST and the GST registration was […]

• April 21, 2024

Circular No. SEBI/HO/AFD/SEC-1/P/CIR/2024/22; Dated: 18.04.2024 As per Regulation 28 of the SEBI (AIF) Regulations, 2012 and Clause 2.4 of the SEBI Master Circular dated July 31, 2023, it is mandatory for Alternative Investment Funds (AIFs) to carry out an annual audit of compliance with the terms of the Private Placement Memorandum (PPM). In terms of […]

• April 20, 2024

Case Details: Gupta Textiles v. Darshan Patel - [2024] 161 taxmann.com 503 (NCLAT-New Delhi) Judiciary and Counsel Details Ashok Bhushan, Chairperson, Barun Mitra & Arun Baroka, Technical Member Nipun Gautam, Adv. for the Appellant. Navin Pahwa, Sr. Adv. & Karan Valecha, Adv. for the Respondent. Kamil Lokhandwala, Ld. Counsel Darshan Patel, Nausher Kohli, Rakesh Gupta & Deeraj Garg, Ld. […]

• April 19, 2024

Case Details: Saksham Commodities Ltd. v. - [2024] 161 taxmann.com 485 (Delhi) Judiciary and Counsel Details Yashwant Varma & Purushaindra Kumar Kaurav, JJ. Salil Kapoor, Sumit Lalchandani, Ms Ananya Kapoor, Ms Tarun Chanana, Shivam Yadav, Vibhu Jain, Utkarsa Gupta, Amandeep Mehta & Sanat Kapoor, Advs. for the Petitioner. Sunil Agarwal, Sr. SC Shivansh B. Pandya, Jr. SC & Utkarsh Tiwari, Adv. for the Respondent. Facts of […]

• April 18, 2024

Auditing is the systematic examination and verification of a company's financial and operational records by a qualified professional, typically an auditor. The process aims to ensure the accuracy, completeness, and compliance of financial statements and operations with applicable standards and regulations. Auditing helps to enhance the credibility of financial reports, providing assurance to stakeholders such […]

• April 17, 2024

This weekly newsletter analytically summarises the key stories reported at taxmann.com during the previous week from April 08 to 13, 2024, namely: a) No special drive to re-open cases of mismatch in HRA claims: CBDT; b) Elections ahead, not civil war; HC denies plea to delay CA exams due to Lok Sabha elections; c) Maximum […]

• April 15, 2024

Case Details: Harish Chandar T v. ICAI - [2024] 161 taxmann.com 418 (Delhi) Judiciary and Counsel Details C. Hari Shankar, J. Alakh Alok Srivastava, Rishabh Bafna & Ms Anubha Shrivastava Sahai, Advs. for the Petitioner.  Ramji Srinivasan, Sr. Adv., Ms Pooja M. Saigal, Nipun Gupta, Nikhil Sabri & Ms Namrata Saraogi, Advs. for the Respondent. Facts of the Case A writ […]

• April 14, 2024

Anil Chachra – [2024] 161 taxmann.com 340 (Article) 1. Background Where a company wants to acquire the business of another company by way of amalgamation or demerger the assets or liabilities can be acquired either at fair value or at book value depending upon the applicability of Indian Accounting Standards [Ind AS] or accounting standards. […]

• April 13, 2024

Case Details: Bank of Baroda v. Suchi Paper Mills Ltd.- [2024] 161 taxmann.com 343 (SC) Judiciary and Counsel Details Dr Dhananjaya Y Chandrachud, CJI., J B Pardiwala & Manoj Misra, JJ. Gaurav Agrawal, Sr. Adv., Suresh Dutt Dobhal, Adv. & Nirmal Goenka, AOR for the Appellant. R. Venkataramni, AG, Chinmoy Sharma, Sr. Adv., Ms Preeti Goel, Anubhav Goel, Ms Priyanka Dhyani, Ms […]