Summary: The Companies Act, 2013 allows companies in India to issue shares for non-cash consideration, such as acquiring assets, businesses, converting loans, or settling liabilities, as outlined ...

Summary: The conversion or takeover of a proprietorship firm by a private limited company involves compliance with multiple legal frameworks, including the Companies Act, Income Tax Act, and GST law.

The Income Tax Act, 1961 (ITA) governs India’s taxation system, and its interpretation has been shaped by landmark judgments from the Supreme Court and High Courts. These rulings clarify ambiguities, ...

Supreme Court held that in the case under Section 138 of the Negotiable Instruments Act, 1881 [NI Act], complainant is not required to show evidence that he had the financial capacity. Accordingly, ...

ITAT Raipur held that change in method of depreciation can be reason for difference in closing stock of plant and machinery in previous year vis-à-vis opening stock in current year and the same needs ...

A practical checklist to spot appeal-worthy issues in minutes. 1. Was the Show Cause Notice (SCN) properly served and acknowledged? Language used — vague or specific?

In a nutshell, the Apex Court has made it indubitably clear that Urdu which is born in India cannot be tied to any religion. It also made it crystal clear that there is just no legal bar on its use ...

Short-term Trading in Futures and Options is just for full-timers. Hard work and Talent will never be sufficient until you do analysis of trends, patterns and charts before putting in your hard-earned ...

Your CIBIL score for an education loan influences whether your loan gets approved. Lenders primarily check your credit ...

Income Tax Appellate Tribunal (ITAT), Delhi, has allowed the appeal of Nitin Jain, quashing the reassessment order passed by the Assessing Officer ...

NCLT Hyderabad held that Greater Hyderabad Municipal Corporation cannot initiate recovery proceedings of property tax against ...

CESTAT Ahmedabad held that Chartered Accountant certificate stated that duty incidence has not been passed on to the customers. Hence, refund cannot be rejected by brushing aside Chartered Accountant ...