Ceeta Industries Limited faces a 4.5 Lakh penalty imposed by the Ministry of Corporate Affairs (MCA) for not including the required statement on the constitution of the Internal Complaints Committee in their Board report as mandated by the Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013.
When it comes to tax-saving investments in India, there is no shortage of options. Among the most popular choices are the Tax-Saving Fixed Deposits (FDs), the Public Provident Fund (PPF), and the National Pension System (NPS).
Ministry of Finance, Department of Revenue, has issued Notification No. 10/2023-Customs (ADD) on October 12, 2023, concerning the imposition of an anti-dumping duty on imports of flax yarn originating in or exported from China PR. MINISTRY OF FINANCE (Department Of Revenue) Notification No. 10/2023-Customs (ADD) | Dated: 12th October, 2023 G.S.R. 735(E).—Whereas, the designated authority, […]
Get insights into SEBI’s latest Master Circular 2023 on KYC norms for the securities market. Learn about compliance, updates, and more.
Discover extension of Deemed Exports benefits for fuel supply in petroleum exploration till March 31, 2023, and guidelines for claiming refunds. Learn more
In present facts of the case, the National Commission observed that where the Final Surveyor’s Report credibility becomes doubtful and at the same time no assessment have been made by the Insurance Company casts a severe shadow on their inaction indicating towards a deficiency in service on the part of the Insurance Company as well.
Kerala High Court held that a trust, either private or public/charitable or otherwise, is a juristic person who is liable for punishment for the offence punishable under Section 138 of the Negotiable Instruments Act (NI Act).
ITAT Bangalore held that cooperative societies carrying on banking business when it pays interest to its members on deposits need not deduct tax at source in view of the provisions of Sec.194A(3)(v) of the Act.
ITAT Mumbai held that adjustment on account of examination of the arm’s-length price of the specified domestic transactions is not valid because of deletion of the provisions of Section 92BA (1) of the Act with effect from 1/4/2017. Provisions of Section 40A (2) of the act governs the allowability of those expenditure.
Telangana High Court held that once sanction has been given to a particular authority, i.e., the Deputy Director of Income Tax, the prosecution has to be launched by him alone and not by the Assistant Director of Income Tax. Thus, the authority which has initiated the prosecution must have sanction of law. Otherwise, it amounts to illegal action.
