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Cost of Painting & Other Masonry Work After Purchase is to be Considered as Cost of Improvement: ITAT
Case Details: Mohamed Ibrahim v. Income-tax Officer (International Taxation) - [2023] 151 taxmann.com 406 (Chennai-Trib.) Judiciary and Counsel Details V. Durga Rao, Judicial Member & G. Manjunatha, Accountant Member T. Vasudevan, Adv. for the Appellant. D. Hema Bhupal, JCIT for the Respondent. Facts of the Case Assessee, a non-resident, sold two immovable properties during the relevant year and […]
Order under section 119 of the Income-tax Act, 1961 for extension of time limits for submission of certain TDS/TCS Statements
Publish Date : Wednesday, June 28, 2023 source
SEBI Clarifies on Appointment of Debenture Trustee Nominee for Non-company Issuers
Circular No. SEBI/HO/DDHS/POD1/P/CIR/2023/112, Dated 04.07.2023 The SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 obligates an issuer which is a company to ensure that its Articles of Association requires its Board to appoint as director, the nominee of debenture trustee (DTs). Recently, the SEBI has received various representations from Debenture Trustees, a gist of […]
Creditworthiness of Investor could not have been Doubted if he Remitted Amount Lower than his Net Income: HC
Case Details: Principal Commissioner of Income-tax v. Jaico Realtors (P.) Ltd. - [2023] 151 taxmann.com 159 (Karnataka) Judiciary and Counsel Details P.S. Dinesh Kumar & C.M. Poonacha, JJ. E.I. Sanmathi, Standing Cousel, for the Appellant. H. Vani, Adv. for the Respondent. Facts of the Case A search under section 132 was conducted on the premises of a […]
[Opinion] RD Grants Relief Based on Financial Conditions & Sets Aside RoC’s Order on Non-appointment of CS
Prof R Balakrishnan – [2023] 151 taxmann.com 497 (Article) 1. Background of the case This is one of the eye-opening case of appeal decided by the Regional Director of South Eastern Region, Hyderabad. This case is pertaining to an appeal filed under section 454(5) of the Companies Act 2013, against the adjudication order passed by […]
Order Admitting CIRP by NCLT Mumbai Against CD with Registered Office in Chandigarh was Set Aside: NCLAT
Case Details: Ankit Miglani v. State Bank of India - [2023] 151 taxmann.com 180 (NCLAT-New Delhi) Judiciary and Counsel Details Justice Ashok Bhushan, Chairperson & Barun Mitra, Technical Member Gaurav Mitra, Ishan Roy Chowdhury, Ms Lavanya Pathak, Akshat Singh, Bhanu Gupta & Sanampreet Singh, Advs. for the Appellant. Harshit Khare, Adv. for the Respondent. Facts of the Case In the instant case, the […]
I-T Department Conducts Verification of Reporting Entities
Details : Publish Date : Friday, June 30, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1141/PressRelease-I-T-Department-Conducts-Verification-of-Reporting-Entities-30-6-23.pdf source
SEBI’s Regulatory Overhaul | Bolstering Indian Capital Markets through Stricter FPI Norms
SEBI Press Release No. 12/2023, Dated: 28.06.2023 The Securities and Exchange Board of India (SEBI) through its board meeting dated 28/06/2023 has approved and implemented several regulatory changes aimed at improving the efficiency and transparency of the Indian capital market. The highlights of some of the key approvals made by the board are as follows: […]
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