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Archive: June, 2023

Posts in June, 2023

Penalty Imposed on Company Secretary for Wrong Annual Return Certification

June 15, 2023 5676 Views 0 comment Print

MCA has imposed a penalty of Rs. 2 lakhs on a company secretary for incorrectly certifying the annual return of a company. The violation relates to the non-disclosure of board meeting dates. Learn more about the consequences and implications of this compliance breach.

ITAT Delhi Directs AO to Re-adjudicate: Dispute over Loan Amount Addition

June 15, 2023 579 Views 0 comment Print

ITAT Delhi has ordered a fresh adjudication in the case of TSP Engineers Pvt. Ltd. Vs ITO, challenging the addition of a loan amount to the outstanding balance without proper evidence and documentation.

ITAT Chennai Upholds Interest on Refund U/s. 244A: Focus on Fairness & Equity

June 15, 2023 1707 Views 0 comment Print

ITAT Chennai’s upholds entitlement of assessee to interest on tax refund under Section 244A, emphasizing principles of fairness and equity

Minutes not prepared in compliance of Companies Act, Rules 2014 and SS-1 – MCA imposes penalty

June 15, 2023 12459 Views 0 comment Print

MCA has imposed penalties on Siddhidata Sales Private Limited for failing to prepare minutes in compliance with the Companies Act, Rules 2014, and SS-1.

ITAT Annuls Penalty u/s 273B for Cash Payment of Defaulted EMI

June 15, 2023 750 Views 0 comment Print

ITAT Chennai quashed a penalty on cash payment of defaulted EMI, arguing that case presented a ‘reasonable cause’ under Section 273B.

Orissa HC Denies Anticipatory Bail to Khageswar Patra: PMLA Violation

June 15, 2023 582 Views 0 comment Print

Orissa High Court’s judgment rejecting Khageswar Patra’s anticipatory bail plea due to a failure to comply with Section 45 of Prevention of Money Laundering Act (PMLA)

NCLAT Ends CIRP on Principal and Interest Payment

June 15, 2023 981 Views 0 comment Print

NCLAT’s decision to end the CIRP against Bhagwandas R. Bhattad, following their complete payment of the principal amount and interest

CESTAT Overturns Dismissal due to Lack of Delivery Evidence

June 15, 2023 534 Views 0 comment Print

CESTAT Chandigarh overturns dismissal of Johnsons Controls-Hitachi’s appeal by Commissioner of CGST on limitation grounds, citing lack of evidence for order passed and served date being the same.

Delhi HC Quashes Penalty Order for Failure to Consider Email of Assessee

June 15, 2023 1689 Views 0 comment Print

Delhi High Court quashes the penalty order issued under Black Money Act, citing the department’s failure to consider assessee’s email.

Is Devaluation the most effective remedy to correct the adverse balance of payments situation?”

June 15, 2023 11622 Views 1 comment Print

Is devaluation the ultimate solution for an adverse balance of payments? Explore the complexities as we analyze its effects, benefits, and drawbacks. Dive into alternatives like monetary policy adjustments, fiscal measures, and structural reforms for a holistic perspective. Discover sustainable strategies beyond devaluation. #Economics #BalanceOfPayments #DevaluationAnalysis

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