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Condonation of delay in filing refund claim and claim of carry forward of losses under Section 119(2)(b) of the Income-tax Act, 1961
Publish Date : Wednesday, May 31, 2023 source
Appellant’s Real Estate Project was a CIS without Specific Unit Number Commitments to Investors
Case Details: MVL Ltd. v. Securities & Exchange Board India - [2023] 150 taxmann.com 285 (SAT-Mumbai) Judiciary and Counsel Details Justice Tarun Agarwala, Presiding Officer, M.T. Joshi, Judicial Member & Ms Meera Swarup, Technical Member Amish Tandon, Ashwin Ankhad, Naresh Ratnani, Shantanu Mitra, Akash Menon & Ms Sukanya Banerjee, Advs. for the Appellant. Kevie Setalvad, Sr. Adv., Mihir Mody, Arnav Misra, & Mayur […]
Income-tax (7th Amendment) Rules, 2023
Publish Date : Tuesday, May 30, 2023 source
HC Orders Dissolution of Company in Liquidation as Official Liquidator Reported No Funds for Winding Up
Case Details: Official Liquidator of Arya Silk Mills (P.) Ltd. (In Liquidation), In re, - [2023] 150 taxmann.com 243 (HC-Gujarat) Judiciary and Counsel Details Bhargav D. Karia, J. Dhawan M. Jayswal for the Applicant. Facts of the Case In the instant case, the Official Liquidator (OL) filed a report under section 302 of the Companies Act, […]
e-Appeals Scheme, 2023
Publish Date : Monday, May 29, 2023 source
Provisions Related to Transfer of Cases Continue to Exist Despite of Faceless Assessment Scheme: HC
Case Details: Sanjay Gandhi Memorial Trust v. CIT (Exemption) - [2023] 150 taxmann.com 459 (Delhi) Judiciary and Counsel Details Manmohan & Dinesh Kumar Sharma, JJ. Facts of the Case The petitioner is registered as a charitable institution under Section 12A, and assessments have been completed under Section 143(3)/143(1) till the Assessment Year 2017-18. By way […]
[Illustrative Checklist] Disclosure Requirements under AS 24 | Discontinuing Operations
The objective of AS 24, Discontinuing Operations, is to establish principles for reporting information about discontinuing operations, thereby enhancing the ability of users of financial statements to make projections of an enterprise’s cash flows, earnings-generating capacity, and financial position by segregating information about discontinuing operations from information about continuing operations. This Standard applies to all […]
Amendment in Income tax Rules, 1962, insertion of new rule 133 for prescribing calculation of net winnings for online games, notification of form 16 and others
Publish Date : Monday, May 22, 2023 source
Clarification regarding provisions relating to charitable and religious trusts
Publish Date : Wednesday, May 24, 2023 source
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