No Transfer Pricing Adjustment if Interest Cost was Negligible in Comparison to Benefit Derived by Assessee from AE

Case Details: Rubamim Ltd. v. … Continue reading “No Transfer Pricing Adjustment if Interest Cost was Negligible in Comparison to Benefit Derived by Assessee from AE”

Top 250 Listed Cos. must Promptly Address Media Rumours on Specific Material Events w.e.f. the Date Specified by SEBI

Notification No. SEBI/LAD-NRO/GN/2023/155, Dated: 09.10.2023 … Continue reading “Top 250 Listed Cos. must Promptly Address Media Rumours on Specific Material Events w.e.f. the Date Specified by SEBI”

NCLAT Rightly Upheld AA’s Order Rejecting Stay of Auction as Appellant Couldn’t Submit Compromise Scheme Within Time

Case Details: Bankey Bihari Infrahomes … Continue reading “NCLAT Rightly Upheld AA’s Order Rejecting Stay of Auction as Appellant Couldn’t Submit Compromise Scheme Within Time”

[Opinion] Consequences of Negligence | Company and its Directors Face a Penalty of Rs 3 Lakh for not Appointing an Internal Auditor – A Case Study

[2023] 155 taxmann.com 153 (Article) … Continue reading “[Opinion] Consequences of Negligence | Company and its Directors Face a Penalty of Rs 3 Lakh for not Appointing an Internal Auditor – A Case Study”

Excess Stock Can’t be Treated as Undisclosed Income if Assessee Identified Diff. Much Prior to Commencement of Search

Case Details: PCIT vs. Industrial … Continue reading “Excess Stock Can’t be Treated as Undisclosed Income if Assessee Identified Diff. Much Prior to Commencement of Search”