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Archive: 21 December 2023

Posts in 21 December 2023

Turbotech Engineering Ltd Penalized for late-filing of Financial Statement

December 21, 2023 132 Views 0 comment Print

Explore the adjudication order under Section 454 against Turbotech Engineering Ltd for non-compliance with Section 137 of the Companies Act, 2013. Detailed analysis, findings, and penalties.

Failure to Notify Form GSTR-2 Supports Petitioner’s Claim for Belated Returns

December 21, 2023 17382 Views 0 comment Print

Explore case of Tvl. Kavin HP Gas Gramin Vitrak vs Commissioner of Commercial Taxes. The petitioner’s belated GSTR-2 claims face challenges due to unnotified forms.

Guide to Company Registration in Florida: Procedures and Benefits

December 21, 2023 753 Views 0 comment Print

Discover the procedural intricacies of initiating company registration in Florida. Learn the advantages, step-by-step process, and legal considerations for starting a business in the Sunshine State.

Recent Supreme Court Judgment on ITC Reversal: Suncraft Energy Case Analysis

December 21, 2023 32442 Views 1 comment Print

Explore the recent Supreme Court judgment on ITC reversal in the Suncraft Energy case under the West Bengal Goods and Services Tax Act. This in-depth analysis covers the facts, the Calcutta High Court ruling, and the Supreme Court’s decision, highlighting key implications for assessees. Understand the conditions for availing ITC, the role of GSTR forms, and the precedents set by the judiciary. Learn why the Supreme Court’s dismissal of the appeal and the absence of a contradictory well-reasoned judgment strengthen the position in favor of the assessee

CA guilty of misconduct: Cheques Given in Good Faith Inappropriately Encashed

December 21, 2023 4530 Views 0 comment Print

Delhi High Court upholds the decision of Disciplinary Committee of ICAI holding petitioner guilty of professional misconduct as cheques given by Society in good faith were inappropriately encashed.

Unjustified Property Tax Demand Pre-Occupancy Certificate: Applied to Completed Building, Not Vacant Land

December 21, 2023 756 Views 0 comment Print

Assessee was aggrieved by the demand made by the respondent – Corporation for payment of property tax calculated from 17.01.2008 on the ground that the building was completed on that date even though the Occupancy Certificate came to be issued on 25.04.2011.

Shayona Petrochem Limited Penalized for late-filing of Financial Statement

December 21, 2023 111 Views 0 comment Print

Government of India’s Ministry of Corporate Affairs imposes penalties on Shayona Petrochem Limited and its directors for violating Section 137 of the Companies Act, 2013.

Non-filing of Annual Return (Section 92(4) Violation): MCA Imposes Penalty

December 21, 2023 699 Views 0 comment Print

Explore the adjudication order by the Registrar of Companies, Maharashtra, Pune, imposing penalties on Sitaram Maharaj Sakhar Karkhana Limited under Section 92 of the Companies Act, 2013.

TDS u/s. 194-IA deducted on assets sold during liquidation should be refunded to corporate debtor

December 21, 2023 2817 Views 0 comment Print

NCLT Ahmedabad held that the amount of TDS deducted under section 194-IA on assets sold during the process of liquidation should be returned (refunded) back by income tax department into the account of Corporate Debtor.

BBMP directed to digitize Khata to avoid issuance of Katha in respect of one property to two different person

December 21, 2023 585 Views 0 comment Print

Karnataka High Court held that Bruhat Bengaluru Mahanagara Palike (BBMP) should formulate a suitable mechanism to digitize Khata / Katha certificates so as to avoid situations like issuance of Katha in respect of one same property to two different person.

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