Insights

      
  
    Cash Compensation for delay in flat handover not taxable under Section 50C  Suvarna Chandrakant Bhojane (‘the Assessee’), had entered into a development agreement for construction of flats on her land. As per the terms of the agreement,
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

Cash Compensation for delay in flat handover not taxable under Section 50C

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    NCLT clears Kirloskar group merger; holds tax benefit not equal to tax avoidance  The Mumbai Bench of the NCLT has sanctioned the Scheme of Amalgamation between The Kolhapur Steel Ltd (“Transferor Company”) and Karad Projects and Motors
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

NCLT clears Kirloskar group merger; holds tax benefit not equal to tax avoidance

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    ITAT interprets the word ‘may’ u/s 43 of BMA as directory and not mandatory  The Special Bench (‘SB’) of the Mumbai ITAT in the case 1 of Mr.Vinil Venugopal & Mrs.Ranjeeta Vinil has held that the word “may” u/s43 of the Black Money
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

ITAT interprets the word ‘may’ u/s 43 of BMA as directory and not mandatory

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    GAAR Panel terms Hinduja Group demerger an ‘impermissible avoidance arrangement’  Hinduja Global Solutions Ltd (‘HGSL’) had entered into a Scheme of Arrangement with NXTDigital Ltd involving demerger of digital, media and communications
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

GAAR Panel terms Hinduja Group demerger an ‘impermissible avoidance arrangement’

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     Supreme Court upholds JSW Steel’s Resolution Plan for Bhushan Power & Steel   In 2017, following RBI’s directive to initiate insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 (‘IBC’) against 12 major defaulters,
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

Supreme Court upholds JSW Steel’s Resolution Plan for Bhushan Power & Steel

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