• March 29, 2023

Prof R Balakrishnan- [2023] 148 taxmann.com 422 (Article) 1. Employee stock option The term employee stock option refers to a type of equity compensation granted by companies to their employees and executives. Rather than granting shares of stock directly, the company gives derivative options on the stock instead. These options come in the form of […]

• March 28, 2023

The Financial Reporting Review Board (FRRB) of the ICAI conducts reviews of financial statements and audit reports of various enterprises to determine whether the compliance with the Generally Accepted Accounting Principles (GAAP), auditors reporting obligations, disclosure requirements of applicable rules and regulations relevant to the reporting enterprise has been done or not. While reviewing the […]

• March 27, 2023

Case Details: Smt. Maries Joseph v. DCIT - [2023] 148 taxmann.com 97 (Cochin-Trib.) Judiciary and Counsel Details N.V. Vasudevan, Vice President & Ms Padmavathy S., Accountant Member Arun Raj S., Advocate for the Appellant. Smt J.M. Jamuna Devi, Sr. AR for the Respondent. Facts of the Case Assessee, a non-resident, filed its return of income for the […]

• March 26, 2023

SEBI CIRCULAR NO. SEBI/HO/IMD/IMD-POD-2/P/CIR/2023/40, Dated March 23, 2023 The SEBI, vide Circular Ref. no- SEBI/HO/IMD/DF2/CIR/P/2017/39 dated May 8, 2017, had allowed the use of e-wallets for investment in mutual funds within the umbrella limit of Rs 50,000 for investments by investors. Now, the SEBI has notified that E-wallets used for investing in mutual funds should […]

• March 25, 2023

Table of Content Introduction Definitions & Essential Elements of Valid Contract Offer & Acceptance Consideration Capacity to Contract Check out Taxmann's Economic Business & Commercial Laws (EBCL) | Study Material which presents the subject matter (topic-wise) in simple & concise language with the presentation in a tabular format along with examples, comments & explanatory notes. It […]

• March 24, 2023

Table of Contents MRTP Act replaced by Competition Act, 2002 Role and purpose of Competition Act, 2002 Overall scheme of Competition Act, 2002 Competition Commission of India 1. MRTP Act replaced by Competition Act, 2002 Monopolies and Restrictive Trade Practices Act (MRTP) was passed in 1969 to ensure that operation of economic system does not […]

• March 23, 2023

[2023] 148 taxmann.com 321 (Article) 1. Protection of Women from Sexual Harassment at Workplace Act 2013 (POSH Act 2013) The Protection of Women from Sexual Harassment at Workplace Act, 2013 (POSH Act 2013) is a landmark legislation in our country superseding the Vishakha Guidelines existed earlier. The POSH Act seeks to protect women from sexual […]

• March 22, 2023

Case Details: R.S Wire Industries v. Trans-Fab Power India (P.) Ltd. - [2023] 147 taxmann.com 555 (NCLAT-New Delhi) Judiciary and Counsel Details Anant Bijay Singh, Judicial Member & Ms Shreesha Merla, Technical Member Ms. Pratiksha Sharma, Kunal Kanungo, Atishay Jain & Ankit Acharya, Advs. for the Appellant. Saahil Memon & Pramod Nanasabheb Patil for the Respondent. Facts of the Case In […]

• March 21, 2023

Case Details: Spinns International v. Principal Commissioner of Goods and Service Tax - [2023] 148 taxmann.com 284 (Delhi) Judiciary and Counsel Details Vibhu Bakhru & Amit Mahajan, JJ. P.R. Singh, Ms Shalini Singh & Ms Priyanka Goel, Advs. for the Petitioner. Aditya Singla, Sr. Standing Counsel for the Respondent. Facts of the Case The department issued a show cause […]