Company Law Board – National Company Law Tribunal – An Analysis
Jan 17, 2010 Company Law
We all know about the dispute resolution mechanism under the provisions of Companies Act, 1956. Till 2002 amendments to the Companies Act, 1956, significantly, the dispute resolution mechanism was vested with the Company Court and the Company Law Board. Company Court is nothing but High Court having jurisdiction to entertain certain company matters like winding-up and amalgamation petitions etc.
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Tags: amalgamation, amendments, annexure, appellate tribunal, Companies Act, company law board, company matters, dispute resolution mechanism, incorporation, jurisdiction, paragraphs, petition, petitions, provisions, Scrutiny
Withdrawal of circular related to taxability of income accruing or arising through, or from, business connection in India to a non-resident
Oct 25, 2009 Income Tax
Section 9 of the Income-tax Act, 1961 – Income – Deemed to accrue or arise in India – Withdrawal of Circulars No. 23 dated 23rd July, 1969, No. 163 dated 29th May, 1975 and No. 786 dated 7th February, 2000.
Circular No. 7/2009 [F. No. 500/135/2007- FTD-I], dated 22-10-2009
The Central Board of Direct Taxes had issued Circular No. 23 (hereinafter called “the Circular”) on 23rd July 1969 regarding taxability of income accruing or arising through, or from, business connection in India to a non-resident, under section 9 of the Income-tax Act, 1961.
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Tags: business connection, circulars, clarification, direct taxes, income tax act, income tax act 1961, Income tax department, india, intention, issuance, petition, petitions, prejudice, provisions, section 9, taxpayers