Read about penalty imposed by MCA on Antique Exim Pvt. Ltd. for violating Section 138 of Companies Act, 2013 by failing to appoint an internal auditor. The penalty amount is Rs. 3 lakh.
ITAT Delhi held that as assessee disclosed all the material facts relating to payment of non-compete fee, assessee cannot be accused of furnishing inaccurate particulars of income. Accordingly, penalty u/s 271(1)(c) not leviable.
ITAT Bangalore held that deduction under section 80P(2)(a)(i) or 80P(2)(d) of the Income Tax Act is not available in respect of interest income earned from scheduled banks.
Discover the main objectives outlined in the MOU of a smart home design company. From manufacturing and interior decoration to consultancy services, explore the diverse scope of their business operations.
Learn how to change your company name and objective with the help of certified true copy draft resolutions. Follow the step-by-step process, including legal requirements and approvals, as per the Companies Act, 2013.
Insights into provision of provisional attachment of bank accounts under relevant section of Central Goods and Service Tax Act, 2017. Understand implications of hypothecation and its connection to CGST Act.
Industrial design plays a crucial role in shaping the aesthetics and functionality of products, and it is important to understand the classification system that organizes these designs. Industrial design classes categorize products into different groups based on their nature, purpose, and characteristics.
Rajasthan High Court in case of M/s B.C. Power Controls Ltd. v. Union of India held that refund application for IGST cannot be indefinitely delayed based on pendency of proceedings. Get full details and analysis here.
Gauhati High Court held that writ petition not entertained as alternative and efficacious remedy is available to the petitioner. Accordingly, tax payer directed to avail statutory remedy, which is more efficacious.
NCLAT Chennai held that if there is any breach of the Terms of Settlement, it cannot be construed as an issue which would fall within the ambit of the definition of Oppression and Mismanagement as defined under the Companies Act, 1956.
