by admin | Jan 22, 2026 | Income Tax
Introduction: In a significant decision favouring taxpayers, the Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has held that sale of land along with an old residential shed/structure can qualify for capital gains exemption under Section 54 of the...
by admin | Jan 20, 2026 | General
The Delhi High Court ruled that a pending Corporate Insolvency Resolution Process (CIRP) under the IBC cannot be used by an accused to demand documents from the CBI during investigation, dismissing a plea to use Section 91 CrPC to compel production of company records,...
by admin | Jan 19, 2026 | General
Introduction: Context and Importance of Inventory Valuation Clarifications: • MCA (Ministry of Corporate Affairs) has issued requests for detailed guidance on inventory valuation and costing under Section 148(7) of the Companies Act, 2013. • This reflects growing...
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