Nirav Dilipkumar Desai Vs ITO (ITAT Ahmedabad) The Assessing Officer observed that the assessee has shown Rs. 11,86,798/- under the head “income from other sources” and in the schedule of other sources. The assessee has shown Rs. 41,15,221/- and claimed expenses of Rs. 29,28,423/-. The Assessing Officer further observed that the expenses claimed has no […]
ITAT Chennai held that while computing deduction under section 10A of the Income Tax Act expenses deducted from export turnover needs to be deducted from total turnover.
MCA imposes total penalty of Rs. 8,33,600 on ‘Best Hosiery Processing Private Limited‘ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2018-19, 2019-2020 & 2020-21. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS OFFICE OF THE REGISTRAR […]
MCA imposes total penalty of Rs. 16,60,200 on ‘Boaats Corporate Solutions Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2017-18, 2018-19, 2019-2020 & 2020-21. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS OFFICE OF THE REGISTRAR […]
MCA imposes total penalty of Rs. 28,60,200 on ‘Bootmacro Informatics Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2017-18, 2018-19, 2019-2020 & 2020-21. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS OFFICE OF THE REGISTRAR […]
Sudhan Chandra Basak Vs Union of India (Allahabad High Court) This application is filed on basis of some undisputed facts that orders of penalty were passed against applicant under Sections 271(1)(a), 271(1)(c) and 273(b) of Income Tax Act for late filing of return for Assessment Year 1983-84. These orders were challenged by way of three […]
MCA imposes total penalty of Rs. 17,60,200 on ‘Fern Education Overseas Study Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2017‑18, 2018-19, 2019-2020 & 2020-21. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS OFFICE OF […]
MCA imposes total penalty of Rs. 14,33,600 on ‘Trimaz Machines Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2018-19, 2019-2020 & 2020-21. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS OFFICE OF THE REGISTRAR OF COMPANIES […]
Assessee company had entered into collaboration agreement for development of land and primarily the company was earning rental income. Thus, the interest paid for upcoming projects which was used to be rental has been rightly capitalized.
Assessee explained that delay in filing TDS return is due to his negligence, non-awareness of importance of filing TDS return & lack of Professional assistance
