Summary of the cartload of amendments introduced towards DTs and corporate bonds

Owing to a wide array of defaults by various companies owning debt obligations SEBI, in order to secure the interest of the debenture holder...

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Homebuyers Can Approach Consumer Court Even After Rera Act Came Into Force--Landmark Ruling By Supreme Court

Real Estate (Regulation & Development) Act, 2016 (RERA) exclusively protect the homebuyers, a remedy available to homebuyers to redress ...

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Refund of share application money within the stipulated time - consequences of non-refund

As per the provisions of Companies Act 2013, the shares are required to be allotted after the company has received share application money. ...

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Threadbare Analysis on Taxation of Dividend Income

Dividend income which is one of most popular source of avenue for investors has often been discussed in light of its exemption provision but...

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Don’t tell me the moon is shining; show me the glint of light on broken glass

There was an interesting article and at the same time most practical one, coined by one of the top-most officers of the Income-tax Departmen...

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Scope of anonymous donations and section 68

Section 115BBC which was introduced by Finance Act, 2006 w.e.f. 01-04-2007, provided that anonymous donations, subject to the conditions/exc...

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Submission of Return of Income Should Precede Submission of Tax Audit Report

In this Article, the Author discusses in detail the impact of delinking the date of submission of Tax Audit Report with that of Return of In...

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Dimensions of ‘Contemporanea Expositio’ – Emerging Judicial Trends

Tax jurisprudence has acquired a peculiar status in law on account of its vibrant working. One of the unresolved problems in the law of inte...

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Arbitration and Conciliation (Amendment) Ordinance, 2020 - Impact on Arbitral Proceedings - A Critical Analysis

The President of India on November 4, 2020 promulgated the Arbitration and Conciliation (Amendment) Ordinance 2020 (Ordinance) through which...

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This New Year brings more complexity to bond issuance as SEBI makes it cumbersome

When the going gets tough, the tough gets going; however, this may not hold good for issuers and debenture trustees (DT) in case of secured ...

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Direct Tax Vivad se Vishwas Act - What if appeal dismissed after 31.01.2020?

Income-tax disputes consume copious amount of time, energy and resources both on the part of the Government as well as taxpayers. Thus, in o...

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Disclosure of name of related parties and directors’ interest in other companies in financial statements

Related party transaction simply means to a deal or arrangement made between two parties who are joined by a pre-existing business relations...

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Is the amendment to section 204 effective for covering all non-residents?

The obligation to comply with withholding provisions (WHPs) under the Income-tax Act, 1961 (Act), by non-residents (NRs) has been a subject ...

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Enhanced Compensation of Interest under Land Acquisition Act 1894

Applicability of provisions of section 145B( section 145A up to 31.03.2016) , section 56(2) clause (viii) and section 57 (iv) on interest pa...

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Interplay of Section 28(iv) and 41(1) of Income tax Act

A controversy existed on the applicability of section 28(iv) and section 41(1). The AO without appreciating the distinction between these tw...

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The Art of authoring a Judgment

1.When the author was gleaning through the websites reporting latest income-tax cases, the author came across a decision rendered by the Mad...

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Issuance of notice u/s 131(1A) after conclusion of Income Tax Search and Seizure u/s 132 – Legal Paradox

Ever since the enactment of the original Income-tax statute of 1922, the Income-tax authorities have been vested with certain powers that ar...

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Applicability of Secretarial Audit in a Private company which is a deemed public company under the Companies Act 2013

Secretarial audit is a process which checks the required compliances made by the company under corporate Law & other laws, rules, regula...

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Covid-19 Impact Looms Large – Challenging the Actualization of Sustainable Development

The COVID-19 pandemic is having a devastating impact across the globe, posing significant threats to sustainable development gains and effor...

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Taxability and FEMA Regulations on ESOPs by a Foreign Company or an Indian Company

ESOPs, once a prized part of compensation, has become commonplace. It is now used as an effective tool by companies to retain, reward and mo...

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