Chandigarh NCLT allows demerger scheme providing discharge of consideration by foreign parent company
The NCLT Chandigarh approved a Scheme of Arrangement[1] involving the demerger of the CRM business of
Unbilled revenue as a part of slump sale transaction, valid for determining consideration
An agreement for slump sale of windmill division by Ashok Leyland Ltd[1] to Ashok Leyland Wind
Electronics and Electronic Components Manufacturing Scheme
The Ministry of Electronics and Information Technology (MEITY) introduced the Electronics Component Manufacturing Scheme (‘ECMS’/ ‘Scheme’)
The Finance Bill 2025 – ‘Budget for people of India’
A Budget for ‘people of India’ The Hon’ble Finance Minister, Ms. Nirmala Sitharaman, presented her 8th
Budget 2025 Highlights
Budget 2025 highlights: With focus on enhancing consumption, generation of employment and reducing fiscal deficit, various
Whether capital reduction can be construed to be ‘transfer’ ?
Supreme Court (‘SC’) in the case of Jupiter Capital Pvt Ltd[1] (‘Assessee’) has held that the
Whether section 56(2)(x) of the IT Act apply on ‘Interest in partnership firm’ ?
Recently Bengaluru bench of Income Tax Appellate Tribunal (‘the ITAT’) in case of Buckeye Trust (‘Taxpayer’)
Transfer pricing adjustment on genuine business expenditure ?
Recently, the Income Tax Appellate Tribunal (ITAT) Mumbai has ruled in favor of Otis Elevator Company
Exemption u/s 54F for only a residential property
Assessee[1] is an individual and has inherited a property after the demise of her husband in
TDS u/s 195 on warehouse space charges ?
Income Tax Appellate Tribunal (‘the ITAT’), Delhi Bench, held that warehousing space charges paid by resident