"30 November 2023" Archive

Violation of Section 12 Non-Maintenance of Registered Office: MCA imposes Rs. 5 Lakh Penalty

Order No. No. ROC/Adj.Order/Sec-454/11314/2023/969(6)  30/11/2023

Explore the adjudication order against DP Investment Services for violating Section 12 of the Companies Act, 2013. Learn about penalties imposed and the directive to rectify the default...

Carried forward unabsorbed depreciation permitted to be set off against short term capital gain

J.B Advani &

ITAT Mumbai held that the unabsorbed depreciation which is carried forward from earlier years is permitted to be set off against the short term capital gains....

Guidelines for Prevention and Regulation of Dark Patterns, 2023

F. No. CCPA-1/1/2023-CCPA -(Reg) 30/11/2023

Explore the Central Consumer Protection Authoritys guidelines for 2023, aimed at preventing deceptive dark patterns online. Learn about prohibited practices and conditions...

Delay condoned considering time spent in pursuing review application

Resorts Consortium India Limited Vs Income Tax Appeallate Tribunal Smc-1 (Delhi High Court)

Delhi High Court held that applicant cannot be denied the benefit of time spent by it in pursuing the review application as it was a sufficient cause which sought to explain the delay. Accordingly, delay of 79 days in filing appeal condoned....

Second proviso to section 40(a)(ia) is declaratory and as retrospective effect from 01.04.2005

PCIT Vs Shivaai Industries Pvt. Ltd (Delhi High Court)

Delhi High Court held that the insertion of second proviso to Section 40(a)(ia) of the Act is declaratory and curative in nature and has retrospective effect from 1st April 2005. Petition dismissed in view that appeal doesn’t bear any substantial question of law....

Deduction u/s 80(2)(d) available to co-operative society on interest received on deposits with co-operative bank

Kinjal Heaven Cooperative Society Ltd. Vs ITO (ITAT Mumbai)

ITAT Mumbai held that were the co-operative society receives/earns the interest on deposits with the co-operative bank is eligible for claim of deduction under Section 80(2)(d) of the Income Tax Act....

Nature and source of investment duly explained hence addition u/s 69 not sustained

PCIT Vs Joginder Singh Chatha (Punjab and Haryana High Court)

Punjab and Haryana High Court held that addition under section 69 of the Income Tax Act towards unexplained investment unsustainable as nature and source of the investment duly explained....

Delay in Regularizing Additional Directors (Section 149(1)(a)): MCA Imposes Penalty

Order No. File No. ROC(B)/Ad).Ord.434-149(1)(a)/Synowledge/Co.No.048541 /2023/ 30/11/2023

Read the detailed analysis of Synowledge IT Services penalty adjudication by Registrar of Companies, Karnataka under Companies Act 2013. Know the violations, penalties, and appeal process....

Writ against notice not entertained as authority who issued notice should be approached

Tikona Infinet Private Limited Vs State of Andhra Pradesh (Andhra Pradesh High Court)

Andra Pradesh High Court dismissed the writ petition preferred against show cause notice in Form GST DRC-01 as the petitioner is required to approach the authority which has issued the notice and file the necessary objections with evidence....

Notification No. 63/2023-Customs | Dated: 30th November, 2023

Notification No. 63/2023-Customs [G.S.R. 872(E)] 30/12/2023

Explore the amendments introduced in Notification No. 63/2023-Customs, aligning with changes in No. 22/2022-Customs. Government of India ensures efficiency and public interest. Read more...

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