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Exemption from minimum subscription requirement under regulation 86 of SEBI ICDR Regulations 2018

For an exemption from the minimum subscription requirement under regulation 86 of SEBI ICDR Regulations 2018, the twin conditions of the proviso to the...

TDS u/s 194C not deductible on payment under ‘Sales or Return’ agreement

ACIT (OSD) (TDS)-2(2) Vs Shoppers Stop Ltd (ITAT Mumbai) ITAT Mumbai held that payments made under ‘Sales or Return’ agreements not covered under section 194C...

Bail denied to accused of fake invoices due to ongoing investigations to unearth more fake suppliers

Basudev Mittal Vs Union of India (Supreme Court of India) The Hon’ble Supreme Court of India in Basudev Mittal v. Union of India has...

Addition based on unsigned/ unstamped/ unregistered Satakhat unsustainable

Kalpesh Mafatlal Patel Vs DCIT (ITAT Surat) ITAT Surat held that addition on the basis of un-signed/un-stamped Satakhat, which has not been registered and which...

Extension of period up to which delay can be condoned is not the same as extension of limitation period: SC

Sagufa Ahmed Vs Upper Assam Plywood Products Pvt. Ltd. (Supreme Court of India) 1. Challenging an order passed by the National Company Law Appellate Tribunal (hereinafter...

Global Economic Forecast Facing the Tough Time Ahead

World Bank in their recent January 2023 press release predicted ‘Sharp, Long-lasting Slowdown to Hit Developing Countries Hard” and ‘2023 global growth to slow...

Budget 2023: Taxation of capital gains in case of Market Linked Debentures

Budget 2023: Special provision for taxation of capital gains in case of Market Linked Debentures It has been noticed that a variety of hybrid securities...

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