Revised guidelines on AML/CFT norms to be followed in post offices in respect of National (Small) Savings Schemes
Explore the concept of Call Book as a defense against GST litigation. Learn how leveraging Section 75(11) can strategically pause proceedings during pending appeals, offering potential advantages for taxpayers.
Section 189 of the Companies Act, 2013 requires companies to maintain registers of contracts or arrangements in which directors are interested. Failure to comply with this section carries a penalty of Rs. 25,000 for each defaulting director.
Delve into the CESTAT Delhi ruling in Shri Satyender Singh Vs Commissioner of Customs case, analyzing penalties imposed without evidence of mens rea for mis-declaration in consignments.
ITAT Delhi held that hollow and cosmetic approval accorded under section 153D of the Income Tax Act without application of mind is unenforceable in law and hence liable to be quashed.
MCA imposed penalties on Yuva Nidhi Company Limited for failing to file balance sheet in violation of Section 137 of the Companies Act, 2013.
Explore the proposed changes to Rule 11UA for Angel Taxation introduced by the Finance Act, 2023, focusing on valuation methods for non-resident investors and entities exempted from Angel Taxation.
MCA has introduced DIR-3 Web KYC process, which enables directors of Indian companies to complete their Know Your Customer (KYC) compliance requirements online.
Registrar of Companies (Karnataka) has issued an order adjudicating penalties on Vidyuttech Services Private Limited for violating provisions of section 42 Companies Act, 2013 related to private placement of securities. Company accepted money before passing relevant resolutions and issued private placement offer letters without filing the required resolutions with the Registrar. The company, along with […]
ITAT Delhi held that reopening of assessment proceedings merely on the basis of information received from the investigation wing is invalid and bad in law and hence liable to be quashed.
