Learn about Manipal Finance Corp.’s appeal against penalties under Companies Act 2013. Analysis of non-appointment of company secretary and regulatory violations.
Bombay High Court’s decision in Bhumika Highstreet Pvt. Ltd. vs Assistant Commissioner case. An in-depth analysis of GST refund rejection order, violations of natural justice, and court’s directive for a fresh show cause notice.
ITAT Pune held that initiation of revisionary proceedings under section 263, based only on the proposal sent by AO for making revision, lacked jurisdiction and hence revisionary proceedings liable to be set aside.
Gujarat High Court held that initiation of penalty proceedings u/s 271(1)(c) of the Income Tax Act in the absence of any material to establish the concealing of income or furnishing inaccurate particulars unsustainable-in-law.
Penalty was imposed for company’s failure to comply with provisions of Section 135(5) of Companies Act, 2013, regarding transfer of unspent Corporate Social Responsibility (CSR) funds.
ITAT Chennai held that addition u/s. 2(22)(e) towards amount received by shareholder company treating debit balance as deemed dividend unsustainable as debit balance was only because of an inadvertent error and the same was squared off within short period.
Bombay High Court held that assessment order passed by Faceless Assessing Officer (FAO) two years after the Dispute Resolution Panel (DRP) directions, is time barred and cannot be sustained.
DC notes that the conduct of the IP contravening provisions of the Code and the rules and regulations thereunder is established. Contraventions by Mr. Vineet Aggarwal were recorded and upheld earlier also. He was suspended from taking assignment under IBC for a period of two years starting from 13.04.2023, as IP. The underlying theme is […]
CESTAT Ahmedabad held that spent solvent (DMF) arising during the course of manufacture of dutiable ‘Sucralose’ is not dutiable and hence demand of excise duty thereof is not sustainable in law.
Demystify GST Appeals: Navigate Section 100(2) of CGST Act, 2017. Learn the crucial timeframe for filing appeals post-Advance Ruling. Delve into detailed analysis, examples, and legal provisions under Section 100(2). Stay informed about GST implementation challenges with insights into Section 172. Unravel nuances, ensure compliance
