The Tribunal noted that although the assessee was not present during the hearing, it proceeded to decide the matter based on ...

NCLT Chandigarh held that since resolution plan in respect of Nav Jyoti Agro Foods Private Limited meets requirement of ...

ITAT Mumbai held that as per circular no. 6 of 2016 dated 29 th February 2016, it is clear that it is the assessee who ...

NCLT Mumbai held that the Advance received by the Corporate Debtor against future supply of goods is an Operational Debt.

Audit fee provisions are not allowable unless they meet the test of accrual & crystallization. Prior period payments can be allowed, but only if reflected clearly in the books. This ruling reinforces ...

The assessee challenged the additions on the grounds that no incriminating material had been found during the search to suggest any undisclosed investment. They argued that the DVO’s valuation report ...

A new investor who has started investing from January 2024, has his portfolio turned red, but new investor must not panic from these situations and stick to his investment strategy. At first he must ...

The assessee argued that this lack of clarity in the penalty initiation stage rendered the entire proceedings invalid.

In a notable ruling, the ITAT Kolkata allowed assesse’s appeal holding that the assessment order passed u/s 144C (13) r.w.s.

As a result, IRDAI has warned the TPA and directed them to refrain from closing claims or issuing denial communications ...

It’s not easy, though. Rich countries like the U.S. want flexibility; poorer ones want protection. Companies fight ...

An arrangement was allegedly made where the OC would supply the fibre, and the CD would convert it into yarn through Shree ...