Penalty leviable u/s.271AAA was 10% of the concealed income whereas under section 271(1)(c), the penalty was leviable at 100% of the tax sought to be evaded, therefore, the claim of AO that show cause notice had been issued under both under section 271AAA and section 271(1)(c) was not correct and it was not a typographical error.
Company failed to attach a complete copy of the Director’s Report and Auditor’s Report for financial year 2019-20, resulting in violation of Section 134 & 137 of Companies Act.
GST Council highlights Rab with revised tax rates: Initially classified under 1702 at 18%, now reclassified to 5% for prepackaged sales, ensuring clarity and fairness in sugarcane product taxation.
Apex Court’s landmark judgment in CIT vs Pepsi Foods Ltd reaffirms the Golden Rule of interpretation, striking down Section 254(2-A) as unconstitutional under Article 14 for equality, ensuring fair tax appeal processes.
Consider tax implications before shifting to Indias New Tax Regime 2023 Evaluate deductions, business income impact, and file ITR by July 31. Choose wisely between old and new regimes for optimal savings.
Indian Government since 2015 has taken various steps toward the digital economy. Regulation of Gold Exchanges and provision of an ecosystem that would enable transparent and efficient exchanges of gold was essential to meet the objectives of digital economy.
Companies Act of 2013 allows companies to engage in activities that are legal and beneficial to stakeholders, subject to approval from appropriate authority or notification in accordance with prescribed guidelines.
MCA vide circular dated 22.02.2023 has allowed physical filing of Forms GNL-2 (filing of prospectus related documents and private placement), MGT-14 (filing of Resolutions relating to prospectus related documents and private placement), PAS-3 (Allotment of Shares)
Trademark registration for device and word marks necessitates separate applications to safeguard your brand’s unique identity and legal rights comprehensively.
Understanding the distinction between NPAs and inherent weaknesses is crucial for financial health. This exploration sheds light on how subjective classification based on financial, operational, and strategic factors impacts organizations.
