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September 2022

Society News

By Kinjal Shah | Anand Bathiya
Hon. Jt. Secretaries
Reading Time 15 mins
DIRECT TAX LAWS STUDY CIRCLE MEETING ON ‘INTERPLAY BETWEEN INCOME-TAX ACT, 1961 AND INSOLVENCY AND BANKRUPTCY CODE, 2016’ ON 21ST JULY, 2022

The Group leader, CA Priyanka Jain, took the group through the objective and preamble of the Insolvency and Bankruptcy Code, 2016 (IBC). The interplay between the legal provisions under the Income-tax Act, 1961 and IBC was discussed in detail. Further, judicial precedents relating to the moratorium period, resolution plan and liquidation were discussed.

After that, the group leader discussed the open issues relating to section 56(2)(viib) of the Income Tax Act, 1961 and section 281.


LECTURE MEETING ON UNSEEN CONNECTION BETWEEN UKRAINE WAR & DIGITAL TAXATION

BCAS had organized a hybrid lecture meeting on “Unseen Connection between Ukraine War & Digital Taxation” by CA Rashmin Sanghvi.

The Managing Committee, along with the Economic Study Group, organized the event on 1st August, 2022.

Key takeaways of the talk:

1. USSR Afghan War & Reagan Plan

USSR Afghan War and Reagan Plan use others to achieve your targets without losing your soldiers. A combination of Economic
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