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Archive: 02 June 2023

Posts in 02 June 2023

Penalty under 271D deleted in absence of satisfaction in Assessment Order

June 2, 2023 5718 Views 0 comment Print

Sri Raja Reddy Nalla Vs Add. CIT (ITAT Hyderabad) Assessee had received cash in connection with sale of immovable property . As the amount was more than the specified limit of Rs. 20,000/- , penalty proceedings u/s. 271D were initiated for violating Sec 269SS and penalty order u/s. 271D was passed levying a penalty of […]

Regulatory updates for the Month of May 2023

June 2, 2023 2367 Views 0 comment Print

Stay informed with the latest regulatory updates for May 2023 in India. From changes in the Companies Act, 2013, to amendments in voluntary strike-off rules, compromises, arrangements, and amalgamations, these updates impact corporate governance, financial reporting, and more. Explore modifications in securities laws and learn about the Supreme Court’s directions for effective Prevention of Sexual Harassment (POSH) Act implementations.

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