Smith N Smith Chemicals receives Rs. 4 Lakh penalty from MCA for non-compliance with CSR policy in its board report. Read Detailed analysis
MCA recently imposed a penalty on a Company for violating CSR Section 135(5) of Companies Act, 2013 which mandates companies to spend at least 2% of their average net profits on CSR activities.
An in-depth analysis of India’s extended Amnesty Scheme aimed at settling defaults in Export Obligations for Advance and EPCG Authorisation holders. Deadline extensions, procedural guidelines, and more.
Unpacking the CESTAT Delhi ruling on Gurukripa Yuvraj Veg & Non-veg Restaurant regarding service tax exemption based on AC facility. Key takeaways and implications.
Calcutta High Court rules that Police and GST Department cannot issue notices to advocates appearing for clients in GST-related cases, upholding client-advocate privilege.
A detailed analysis of ITAT Mumbai ruling in Surti Modh Vanik Jagruti Mandal Vs ITO (E). Learn why ITAT found CIT(E) rejection of the trust unsustainable.
MCA levies penalties due to EGM notice non-compliance. Exploring the United Telecoms Limited case, Section 152 violation, and the implications. Analysis and outcome.
Analyzing the recent ITAT Delhi ruling in Navneet Bhardwaj Vs PCIT, which nullified a revisionary order under section 263 of the Income Tax Act for AY 2016-17, touching upon the legal intricacies and implications.
DCIT Vs Milan Kavinchandra Parikh (ITAT Mumbai) Introduction: The Income Tax Appellate Tribunal (ITAT) Mumbai recently delivered a pivotal judgment in the case between the Deputy Commissioner of Income Tax (DCIT) and Milan Kavinchandra Parikh. The judgment raises key questions surrounding the jurisdiction of penalties levied under section 271(1)(c) of the Income Tax Act, 1961. This […]
ITAT Mumbai in ITO vs Mahavir Enterprises case held that consideration paid by assessee, being higher/successful bidder, of e-tender floated by bank is fair market value of property
