Learn how to create a rent deed and understand its importance in landlord-tenant agreements.
Planning to reduce the premium of your insurance? Do read this to know the best hacks to lower the premium of your insurance plan.
This article aims to examine in light of the judicial precedent laid by Income Tax Appellate Tribunal (ITAT) in the case of Blackstone FP Capital Partners Mauritius v DCIT (1725/Mum/2021), the scope of Beneficial Ownership with respect to the discretion of tax authorities applying the concept for assessment with respect to International Tax Treaties.
Syed Adeel Shah Vs Directorate of Enforcement (Jammu and Kashmir High Court) It appears that in an earlier round of litigation wherein the appellants had challenged the notice issued by the respondents under Section 8(4) of the PMLA Act, learned writ court had declined to grant indulgence in favour of the appellants and the writ […]
Section 203(5) of Companies Act, 2013 imposes penalties for non-compliance with provision regarding appointment of a Whole-time Company Secretary
Watermarke Residency Limited Vs DCIT (ITAT Hyderabad) In the present case, the TPO had benchmarked the transaction after treating the FCCDs as debt. This finding of TPO was based on Terms of issuance of FCCD and balance-sheets/ financials of the assessee as well as of it’s A.E, where both had mentioned FCCD as debt. We […]
As per theCompanies Act, 2013, if a company fails to comply with the provisions of Section 137 regarding the filing of financial statements and annual returns within the prescribed timeframe, the Adjudicating Authority (AA) has the power to impose penalties. However, if the company rectifies the default and files the required documents within 30 days […]
It is alleged that rather than exporting gold jewellery in terms of the obligation, the jewellery was diverted in the domestic market and in the process the offences were committed by the appellant.
Madhya Pradesh Audyogik Kendra Vikas Nigam (Indore) Limited Vs DCIT (ITAT Indore) The assessee has challenged the penalty to the tune of Rs.1,50,000/-levied under Section 271B of the Act. The assessee, a Government company, wherein appointment of Auditor in the case of the appellant was governed by the provision of section 619(2) of the Companies […]
KRBL Limited Vs DCIT (Delhi High Court) Court is of the view that the Respondents-Revenue have had sufficient time to file an appeal against the order of the ITAT. In any event, in accordance with the mandate of law, the appeal effect order has to be passed within three months of passing the appeal order. FULL […]
