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Company Law and IBC
How Binny Bansal lost DTAA protection despite moving abroad ?
The Income Tax Appellate Tribunal (Bengaluru Bench) rejected Binny Bansal’s claim of non-resident status for AY 2020–21, denying him benefits under the India–Singapore DTAA.
Despite relocating to Singapore, the Tribunal held that he continued to...
Top News
How does ₹6 crore of foreign funds trigger ED action?
The Enforcement Directorate conducted searches on premises linked to an NGO run by climate activist Harjeet Singh and his wife.
The probe relates to foreign inward remittances exceeding ₹6 crore, allegedly received in the guise...
Income Tax
HUL’s ₹1,560 Crore Income Tax Demand
The income tax demand has been raised on Hindustan Unilever Limited, one of India’s most stable and closely tracked FMCG giants.
When a company of this scale receives a four-figure crore tax demand, the...
Company Law and IBC
Can a 29-year-old trademark be cancelled for “non-use” despite active commercial invoices?
This question was squarely examined by the High Court of Delhi while deciding a rectification petition under the Trade Marks Act, 1999.
Facts relating to the Issue
The Petitioner, a China-based technology company, sought rectification of...
Income Tax
Why Forgotten Income-Tax Demands Are Not Automatically Payable
Over the last few weeks, income-tax demands dating back 15–20 years have suddenly started appearing on the Income-tax portal.
As a Chartered Accountant, it’s important to separate portal disclosure from legal enforceability.
What Is Actually Happening?
These...
Company Law and IBC
MCA Simplifies Director KYC Under the Companies Act
The Ministry of Corporate Affairs (MCA) has amended Rule 12A of the Companies (Appointment & Qualification of Directors) Rules, 2014.
Annual DIR-3 KYC filing has been replaced
A simplified KYC intimation once every three years will...
Articles
How Labour Codes Repriced Employee Benefits on the BS ?
What Happened?
The Institute of Chartered Accountants of India (ICAI) has issued accounting clarifications stating that any incremental gratuity and leave encashment liability arising from the new labour codes must be recognised immediately as an...
GST
Is a Solar power project taxable at 5% as a composite supply, or at 18% as a works contract?
For years, solar EPC contracts were stuck in a GST grey area of 5% or 18%?
That uncertainty has now been put to rest. In Sterling and Wilson Private Limited vs. Joint Commissioner (2025)...
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