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Blog, News, Insolvency and Bankruptcy Code

December 11, 2023

Sec. 29A(1)(c) Sets 1-Year Post-NPA for Resolution Plan Scrutiny Based on Submission, Not CIRP Start Date | SC

Case Details: Hari Babu Thota, … Continue reading “Sec. 29A(1)(c) Sets 1-Year Post-NPA for Resolution Plan Scrutiny Based on Submission, Not CIRP Start Date | SC”

News, Blog, FEMA & Banking

December 11, 2023

RBI to Come up With a Unified Regulatory Framework on Connected Lending for All the Regulated Entities

Press Release: 2023-2024/1439, Dated 08.12.2023 … Continue reading “RBI to Come up With a Unified Regulatory Framework on Connected Lending for All the Regulated Entities”

Blog, News, FEMA & Banking

December 11, 2023

RBI Keeps the Policy Repo Rate Under the Liquidity Adjustment Facility (LAF) Unchanged at 6.50%

Press Release: 2023-2024/1437&1438, Dated 08.12.2023 … Continue reading “RBI Keeps the Policy Repo Rate Under the Liquidity Adjustment Facility (LAF) Unchanged at 6.50%”

Blog, News, GST & Customs

December 11, 2023

Kerala HC Directed Assessee to Approach Appellate Authority Since Issue Was Related to Disputed Question of Facts

Case Details: Brothers Trade Links … Continue reading “Kerala HC Directed Assessee to Approach Appellate Authority Since Issue Was Related to Disputed Question of Facts”

Blog, News, Income Tax

December 11, 2023

No Sec. 41(1) Additions for Unsecured Loans Not Claimed as Trading Liability; Only Interest Portion to be Added as Income

Case Details: Shimmer Textiles (P.) … Continue reading “No Sec. 41(1) Additions for Unsecured Loans Not Claimed as Trading Liability; Only Interest Portion to be Added as Income”

Blog, News, International Tax

December 21, 2023

[World Tax News] UAE Amends Corporate Tax Law to Introduce Global Minimum Tax and More

Editorial Team – [2023] 157 … Continue reading “[World Tax News] UAE Amends Corporate Tax Law to Introduce Global Minimum Tax and More”

Blog, News, Account & Audit

December 11, 2023

Classification and Presentation of Lease Receivable by Ind AS Compliant NBFC

1. Query G Ltd (herein … Continue reading “Classification and Presentation of Lease Receivable by Ind AS Compliant NBFC”

Blog, News, GST & Customs

December 8, 2023

Penalty Imposed for Non-Availability of Delivery Challans was Disproportionate As There Was No Tax Evasion | HC

Case Details: Prestress Steel LLP … Continue reading “Penalty Imposed for Non-Availability of Delivery Challans was Disproportionate As There Was No Tax Evasion | HC”

Blog, News, Account & Audit

December 8, 2023

Treatment of Biological Asset and Agricultural Produce as per Ind AS 41

Para 13 of Ind AS … Continue reading “Treatment of Biological Asset and Agricultural Produce as per Ind AS 41”

Blog, News, GST & Customs

December 8, 2023

Corrigendums Correcting Quantification of Tax Recoverable Not Require Specific Approval of Monitoring Committee | HC

Case Details: Bedi & Bedi … Continue reading “Corrigendums Correcting Quantification of Tax Recoverable Not Require Specific Approval of Monitoring Committee | HC”