Foreign Funds Reluctant to Disclose Ultimate Beneficial Owners

Foreign Funds Reluctant to Disclose Ultimate Beneficial Owners

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Sebi Plans to Cap Investors’ Equity Exposure in Line with Net Worth

Sebi Plans to Cap Investors’ Equity Exposure in Line with Net Worth

from taxmann.com News https://www.taxmann.com/topstories/222330000000016327/sebi-plans-to-cap-investors’-equity-exposure-in-line-with-net-worth.aspx

Sale of attached property couldn't be held as void if notice for recovery wasn't served by TRO upon owner

IT: TRO cannot declare a transaction of sale of attached property null and void under section 281, if notice for recovery under rule 2 of Schedule II was not served upon owner/defaulter, prior to sale of said property

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Sec. 10A: Exp. to be excluded from total turnover if same was excluded from export turnover; SLP dismissed

IT: While computing deduction under section 10A, if export turnover is arrived at after excluding certain expenses, said expenses should also be excluded from 'total turnover'; SLP dismissed

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No reassessment to disallow business loss which was duly considered in regular assessment

IT: Where reassessment notices were issued to assessee-bank on ground that deduction in value of its advances on account of change in contractual terms consequent to restructuring of assets was of contingent nature and did not qualify to be allowed as a loss/deductible expenditure and, thus, income chargeable to tax had escaped assessment, since said claim was considered during assessment proceedings and accepted for both years, it was a clear case of change of opinion and, thus, reassessment no

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Modification in pre-qualification criteria for bidder doesn't tantamount to abusive under CCI Act

Competition Act : OP Tamil Nadu Civil Supplies Coporation being under an obligation to frame eligibility conditions for tender, no prima facie case of contravention of provisions of section 4 was made out against it in modifying pre qualification criteria for bidders in tender process for procurement of tur dal, hence, matter was to be dismissed

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HC slammed ITAT as sec. 195(2) order determining TDS liability was appealable before CIT(A)

IT : Order under section 195(2) determining amount of TDS to be deducted by an assessee is an appealable order before Commissioner (Appeals) as per provision of section 248

from www.taxmann.com Latest Case Laws https://ift.tt/2MaifDN