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The Tribunal confirmed liability of directors under Section 42 based on their role in managing the company. It found no error in holding them responsible. Key takeaway: managerial control establishes

LIC sees no material impact on financial, operational or other activities due to the tax order.

RBI sources say that multiple issues that merited the board’s attention went unnoticed. The bank is also finding it tough to fill key positions vacated in light of the controversy, which is also one o

The ruling rejected re-characterization of share transactions as loans in absence of exceptional circumstances. Interest imputation on such transactions was deleted. The post Preference Share Transact

Major updates across income tax, GST, customs, and SEBI highlight compliance changes and key judicial rulings affecting taxpayers and businesses. The post Analysis of Notifications and Circulars for W

This guide explains how companies must create and register charges with RoC. Timely compliance ensures legal validity and avoids penalties. The post Procedure for Creation & Modification of Charg

The article explains how ESOP taxation spans salary, capital gains, DTAA, and disclosure requirements. It highlights that errors in valuation, reporting, or FTC claims can lead to significant tax expo

The agency acted on a complaint from SBI about it being defrauded and suffering a wrongful loss of Rs 114.98 crore, a CBI spokesperson said.

For nearly three decades, the India-Mauritius DTAA of 1983 was the golden corridor for foreign capital flowing into India. At its peak, Mauritius accounted for over 30 per cent of cumulative foreign d

The Court examined whether delay in completing disciplinary inquiry invalidates proceedings. It held that Rule 14(24) timelines are directory and do not automatically nullify proceedings without proof