CBDT, under the Ministry of Finance, extends the deadline for processing refund claims under section 143(1) to mitigate taxpayer hardships.
CESTAT Chandigarh held that extreme penalty of revocation of custom broker licence for violating obligation under regulation 10 of CBLR, 2018 unwarranted, however, imposition of penalty and forfeiture of security justified.
Explore the penalty order issued by the Ministry of Corporate Affairs for Misys Trade & Risk Management India Pvt. Ltd. under Section 203 of the Companies Act, 2013
Explore the penalty order for First Data India Pvt. Ltd. under Section 454 for violating Section 203 of the Companies Act, 2013. Detailed analysis and consequences
First Data (India) Private Limited incurs a significant penalty of Rs. 21 lakhs imposed by MCA for a 548-day delay in appointing a Company Secretary
MCA imposes a penalty of Rs. 13.23 Lakh on Misys Trade and Risk Management India Private Limited for a 171-day delay in appointment of a whole-time Company Secretary.
ITAT Mumbai held that receipts taxable under Fees for Technical/ Included Services (FTS/FIS) as assessee failed to prove that it is actual reimbursement as there is no basis of allocation or actual cost incurred for affiliates.
CESTAT Delhi held that service provided by technical, inspection and certification agency in relation to inspection and certification of export goods is liable to service tax under ‘Technical, Inspection and Certification Service’.
Kerala High Court set aside the order with direction to Excise Commissioner to reconsider the claim of the petitioner and decide the distance as per Abkari Laws since there is a Temple right opposite to the bar in question.
ITAT Jaipur held that the assessment order passed by AO after considering the information filed during assessment proceedings cannot be said to be erroneous and prejudicial to the interest of the revenue. Every loss of revenue as a consequence of an order of the AO cannot be treated as prejudicial to the interests of the Revenue.
