Supreme Court strikes down Electoral Bonds scheme as unconstitutional
On January 2, 2018, the Ministry of Finance notified the Electoral Bond scheme 2018 (“EB Scheme”)...
Set off of short term capital loss against gains taxable at different rates allowable
Mumbai ITAT in case of JS Capital LLC [TS-165-ITAT-2024(Mum)] in its order dated March 7, 2024...
Monitoring of investments from countries sharing land border with India
The Government of India has notified the Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2024 and the Companies (Listing...
Interest on advances used for providing interest free advances to WOS, allowable as business expenses
Bombay High Court in its latest judgement in case of Essar Infraprojects Ltd [Income Tax Appeal...
Delhi ITAT Delhi ITAT held that ‘Unlikely recoverable’ SPA escrow amounts shall be excluded for capital gains computation
Assessee-Company, engaged in manufacture, selling and trading of automotive tyres, tubes and flaps, filed the return of...
Listing on international exchanges in GIFT City
The Ministry of Finance has amended Foreign Exchange Management (Non-debt Instruments) Rules, 2019 and notified the...
No stamp duty and registration fees requirements upon change of name of company
Himachal Pradesh High Court reiterated that stamp duty registration fees requirements does not trigger upon change...
Brought forward losses on change in shareholding where all shareholders belong to the same group
Recently, Mumbai ITAT in case of Hiranandani Healthcare Pvt Ltd [(2023) 157 taxmann 551 (Mumbai-Trib) dated...
HDFC and HDFC Bank merger, unlocking a financial services giants
HDFC Investments Limited (“HIL” or “the Transferor Company 1”) was incorporated on December 20, 1994 as...
Merger to create large scale IT Company
Larsen & Toubro Infotech Limited (“LTl” or the Transferee Company”) was incorporated on December 23, 1996...