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Blog, News, FEMA & Banking

October 28, 2023

RBI Mandates CIs/CICs to Compensate Complainants With Rs 100 Per Day If Complaints Remain Unresolved Beyond 30 Days

Circular No. RBI/2023-24/72 DoR.FIN.REC.48/20.16.003/2023-24, Dated: … Continue reading “RBI Mandates CIs/CICs to Compensate Complainants With Rs 100 Per Day If Complaints Remain Unresolved Beyond 30 Days”

Blog, News, Competition Law

October 28, 2023

MCA Notifies October 26, 2023 as Effective Date for Enforcement of Section 45 of Competition (Amendment) Act, 2023

Notification No. S.O. 4672(E); dated: … Continue reading “MCA Notifies October 26, 2023 as Effective Date for Enforcement of Section 45 of Competition (Amendment) Act, 2023”

Blog, International Tax

October 28, 2023

Supreme Court of India Interpreting the Application of MFN Clause in Context of India’s Tax Treaties

Table of Contents Most Favoured … Continue reading “Supreme Court of India Interpreting the Application of MFN Clause in Context of India’s Tax Treaties”

Blog, News, GST & Customs

October 27, 2023

Govt. Notifies GST Appellate Tribunal (Appointment and Conditions of Service of President and Members) Rules, 2023

Notification No. G.S.R. 793(E) [F. … Continue reading “Govt. Notifies GST Appellate Tribunal (Appointment and Conditions of Service of President and Members) Rules, 2023”

Blog, News, GST & Customs

October 27, 2023

ITC Benefit Rightly Denied to Assessee Who Failed to Prove & Establish Actual Physical Movement of Goods | HC

Case Details: Malik Traders v. … Continue reading “ITC Benefit Rightly Denied to Assessee Who Failed to Prove & Establish Actual Physical Movement of Goods | HC”

Blog, News, Income Tax

October 27, 2023

Interest on Borrowed Capital Paid by Co. Engaged Construction & Leasing of Property is Deduction u/s 24(b) | ITAT

Case Details: Manjri Stud Farm … Continue reading “Interest on Borrowed Capital Paid by Co. Engaged Construction & Leasing of Property is Deduction u/s 24(b) | ITAT”

Blog, News, Income Tax

October 27, 2023

Compensation Paid to Seller for Waiving Off Its Absolute Right from Land to be Treated as Cost of Improvement | ITAT

Case Details: Nareshbhai Ishwardas Patel … Continue reading “Compensation Paid to Seller for Waiving Off Its Absolute Right from Land to be Treated as Cost of Improvement | ITAT”

News, Blog, FEMA & Banking

October 27, 2023

Cooperative Banks Must Present all Unclaimed Liabilities in Financials Under “Contingent Liabilities – Others” | RBI

Circular No. RBI/2023-24/71 DOR.ACC.47/21.04.018/2023-24, Dated: … Continue reading “Cooperative Banks Must Present all Unclaimed Liabilities in Financials Under “Contingent Liabilities – Others” | RBI”

Blog, News, Company Law

October 27, 2023

Contra-trade Restrictions May Apply to Trades Made by Individual Promoters Under PIT Norms | SEBI

Informal Guidance No. SEBI/HO/ISD/ISD-PoD-2/P/OW/2023/29686/1, Dated: … Continue reading “Contra-trade Restrictions May Apply to Trades Made by Individual Promoters Under PIT Norms | SEBI”

Blog, News, FEMA & Banking

October 27, 2023

RBI Mandates Private Banks to Have 2 Whole-time Directors, Including MD & CEO, on Their Boards

Circular no. RBI/2023-24/70 DOR.HGG.GOV.REC.46/29.67.001/2023-24; Dated: … Continue reading “RBI Mandates Private Banks to Have 2 Whole-time Directors, Including MD & CEO, on Their Boards”