Articles by FCS Deepak Pratap Singh

Sec 35DD: Amalgamation/Demerger expenses will be allowed to resulting company

FCS Deepak Pratap Singh 17 February 2022 at 08:37

The ruling of Delhi High Court will be much-needed support to the corporate world. This will help smooth restructuring of companies and claiming of restructuring expenses

Contributory negligence - Passengers travelling in horse cart

FCS Deepak Pratap Singh 14 February 2022 at 09:09

Passengers travelling in vehicle cannot be held responsible for contributory negligence of the driver of the vehicle and claim cannot be reduced on the same ground.

Some facts related to Pradhan Mantri Mudra Yojaja (PMMY)

FCS Deepak Pratap Singh 14 February 2022 at 09:09

The Government of India has launched the Micro Units Development and Refinance Agency Limited (MUDRA) Bank in April,2015 with principal objectives

Reduction of share capital is a domestic affair of a company - NCLAT

FCS Deepak Pratap Singh 11 February 2022 at 08:35

Reduction of Capital' under Section 66 of the Companies Act, 2013 is a 'Domestic Affair' of a Company in which, ordinarily, a Tribunal will not interfere because of the reason that it is a 'majority decision' which prevails.

Whether non-refundable grants be considered as Capital Expenditure and not allowed as expenditure for deduction

FCS Deepak Pratap Singh 08 February 2022 at 08:35

The appellant-Corporation, National Co-operative Development Corporation, was established under the National Cooperative Development Corporation Act, 1962 (hereinafter referred to as the ‘NCDC Act’).

Difference between subrogation and assignment

FCS Deepak Pratap Singh 05 February 2022 at 14:34

An insurance policy issued to the insured by the insurance company is a contract between them and any claim of loss will be payable according to the terms and conditions agreed between the parties and mentioned in the contract.

Budget 2022: Major changes in GST Act 2017

FCS Deepak Pratap Singh 05 February 2022 at 08:48

The Union Budget-2022, presented by Finance Minister Mrs. Nirmala Sitaraman is a non-political and one of the best budgets presented for India. This Budget is a growth oriented and the government has presented it keeping in mind 25 years roadmap of development of India.

Some facts related to applicability of DTAA

FCS Deepak Pratap Singh 04 February 2022 at 10:29

The Income Tax Act,1961 provides for taxation of a certain income earned in India by Mr. X a non-resident. The DTAA, which applies to Mr. X provides for taxation of such income in the country of residence. Is Mr. X liable to pay tax on such income earned by him in India?

Whether court has power to review order, proceedings or actions of IT department

FCS Deepak Pratap Singh 04 February 2022 at 08:45

Section 293 of the Income Tax Act,1961-provides that no suits in any civil court shall be filed to set aside any order made, proceedings or action taken by the department or any officer of the government or anything done in good faith.