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
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
Scheme of Capital Reduction for non-resident shareholders
The Scheme of capital reduction is one of the effective ways to provide exit to the
Case Studies: Reconstitution / Dissolution of Specified Entity
As discussion in article titled ‘Dissolution / Reconstitution of Partnership Firm / LLP / AOP /
Attribution of Profits upon dissolution / reconstitution of LLP / Partnership Firm
Pursuant to the amendment vide Finance Act 2021, in relation to reconstitution or dissolution of Firm
Is Slump Exchange taxable?
Finance Act, 2021, has introduced amendment in the provisions related to slump exchange arrangements. Scope of
Is GOODWILL still good?
Goodwill by its very nature is an intangible asset and always considered as ‘Good’ in the
Dissolution / Reconstitution of Partnership Firm / LLP / AOP / BOI
Finance Act, 2021, amended tax provisions relating to dissolution and reconstitution of a partnership firm /
Liable to tax – end to interpretational issues?
Last year, vide the Finance Act 2020, amendment under section 6 was carried out by inserting