SC in Government of Kerala vs Mother Superior Adoration Convent has tried to draw a line between a General Tax Exemption and Exemption for a beneficial purpose.
Stay updated with the applicability of amended provisions pertaining to Auditors Report on Annual Filing for F.Y. 2021-22. Learn about the changes introduced by the Companies (Audit and Auditors) Amendment Rules, 2021.
Held that estimating past savings as Rs. 6,00,000, without any basis, instead of Rs. 9,03,900 and also ignoring the evidences produced for the same. Addition of the same deleted.
Held that refractory bricks required for re-lining of the furnace are covered within the definition of capital goods and hence eligible for EPCG scheme as per notification no. 102/2009- Cus dated 11.09.2009
Held that allegation of clandestine removal only on the basis of incriminating statements, which were retracted, in absence of corroborative evidence is unsustainable.
Neha Agrawal Carboline India Pvt. Ltd. Vs Commissioner of Customs (CESTAT Chennai) Facts: i. The appellant had exported ‘Paint for fire proofing THERMO Lag 3000 SP’ vide 2 shipping bills dated 18.04.2018 and 02.05.2018. ii. Two Advance authorisations (AA) dated 09.04.2018 & 02.05.2018 were obtained for duty free import of raw materials with an export […]
Section 185 of Companies Act, 2013 contains prohibition, restriction and exemption for providing Loan, Guarantee, and Security to the Directors of the Company and any of their relatives.
Held that payment towards management support services is allowable as business expenditure as the same is paid for smooth and effective running of the business.
Understanding the applicability of amended provisions pertaining to Boards Report on Annual Filing. Stay informed about the latest changes and avoid confusion.
Understanding the new definition of small company under the Companies Act, 2013. Explore the applicability and impact on annual filing for F.Y. 2021-22.
