"13 November 2023" Archive

Failure to maintain Register of Charges in Form No. CHF-7 – MCA imposes 10.50 Lakh Penalty

Order No.07/01/ADJ-85(1)/ Holitech India Private Limited/5454                       13/11/2023

Government of India penalizes Holitech India with ₹10.50 Lakh for violating Companies Act, 2013. Failure to maintain charges in Form CHG.7 leads to penalties....

Board report without Comment on Auditors Adverse Remark – MCA Imposes Penalty of 8.50 Lakh

Notification No.07/01/Adj-134(3)(F)/ Holitech India Private Limited/5428 13/11/2023

Government of India imposes an INR 8.50 Lakh penalty on HOLITECH INDIA PRIVATE LIMITED for violating Companies Act 2013. Detailed analysis of the Board report non-compliance and penalty imposition...

Appeal Right under IT Act 159(3) Limited to Legal Representatives as per Section 2(29)

Yogesh Bhomraj Porwal Vs PCIT (ITAT Pune)

Full text of the ITAT Pune order in Yogesh Porwal vs. PCIT. The appeal dismissed due to the appellant's failure to establish legal standing as the representative of the deceased assessee....

Non-Constitution of GST Appellate Tribunal: Patna HC grants relief to Petitioner

Cohesive Infrastructure Developers Pvt. Ltd. Vs Central Board of Indirect Taxes and Customs (Patna High Court)

Patna High Court grants relief to Cohesive Infrastructure Developers Pvt. Ltd. due to non-constitution of Appellate Tribunal. Full analysis of the judgment in Cohesive Infrastructure Developers Pvt. Ltd. vs. Central Board of Indirect Taxes and Customs....

Delhi HC quashes Income Tax Assessment Order for Natural Justice violation

Indus Towers Limited Vs ACIT (Delhi High Court)

Relief for Indus Towers as Delhi High Court nullifies Income Tax Assessment Order, citing non-compliance with natural justice. Full analysis of the judgment in Indus Towers Limited vs. ACIT....

Orissa HC Stays GST Demand: 20% Deposit, GSTAT Non-constitution

Smt. Sanghamitra Nanda Vs Central Board of Indirect Taxes and Customs (Orissa High Court)

Orissa High Court stays GST demand on non-constitution of GSTAT. Analysis of the judgment in Smt. Sanghamitra Nanda vs. Central Board of Indirect Taxes and Customs....

Kerala HC Directs Customs: Expedite Appeal on Electric Scooter Import

Dawngate Business Link Pvt. Ltd. Vs Commissioner of Customs (Kerala High Court)

Kerala High Court directs Customs to expedite appeal by Dawngate Business Link Pvt. Ltd. on the import of electric scooters in knockdown condition. Full analysis of the judgment....

ITAT Upholds Section 263 Revision on ITR Acceptance Without Adequate Enquiry

Ametek Builtech India Versus Pvt Ltd Vs PCIT (ITAT Delhi)

ITAT Delhi validates PCIT's revision order under Section 263, emphasizing the importance of adequate enquiry by AO for unsecured loans, advances, and income in AY 2015-16....

Delhi HC Upholds Penalty on IRS Officer for Overstaying Study Leave

Govind Krishna Dixit Vs Union of India & Ors (Delhi High Court)

Delhi High Court confirms penalty on IRS Officer for overstaying study leave for almost 6 years. Full analysis of the judgment and its implications....

No section 270A Penalty for Genuine Head of Income Error in computation of Income

D.C. Polyester Limited Vs DCIT (ITAT Mumbai)

In the case of D.C. Polyester Ltd. vs. DCIT (ITAT Mumbai), penalty under section 270A was contested for changing income head. Detailed analysis and outcome explained....

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