In a recent order passed by the Bombay High Court in the case of Vedanta Ltd. v. Union Of India, the operation of Circular No. 204/16/2023-GST, dated 27-10-2023 declaring corporate guarantee by parent ...

The ITAT allowed the assessee’s appeal, permitting the carry forward of the business loss of Rs. 16,96,486/- to subsequent years. This decision clarifies the interplay between the Limited Liability ...

Delhi High Court held that different floors of a singular house cannot be considered as multiple residential houses. Accordingly, deduction under section 54F of the Income Tax Act cannot be denied.

The International Financial Services Centres Authority (IFSCA) has introduced a framework to facilitate co-investment by Venture Capital Schemes and Restricted Schemes through Special Purpose Vehicles ...

Madras High Court held that circular dated 21.12.2023 allowing creditor to recommend a Resolution Professional for appointment is neither ultra vires nor violative of provisions of the Insolvency and ...

Gujarat High Court held that reopening of assessment under section 148 of the Income Tax Act is liable to be quashed in as much as source of funds for purchasing crypto currency duly explained.

ITAT Mumbai held that addition under section 69A of the Income Tax Act towards cash deposited in the bank account during demonetization period deleted since source of cash deposit duly explained.

Enhanced Quota for LDCE Promotions: The court directed all High Courts and State Governments to amend their service rules to reserve 25% of promotions from Civil Judge (Senior Division) to the Higher ...

One of the main reasons individuals like to apply for credit cards online is the convenience they provide. Instead of going ...

The Supreme Court of India has overturned a High Court decision, affirming the validity of a clause in an appointment letter issued by Vijaya Bank. The clause required an employee, Prashant B ...

A single RE’s contribution to any AIF scheme shall be capped at 10 percent of its corpus. Collectively, a ceiling of 15 per cent shall apply for investment by all REs in an AIF scheme. Investments by ...

The Department of Economic Affairs (DEA), Ministry of Finance, amended Rule 8 of the Securities Contracts (Regulation) Rules (SCRR), 1957, via Gazette Notification G.S.R. 318 (E). The amendment gives ...