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Archive: 23 December 2023

Posts in 23 December 2023

Audit Committee Formation Delay (Section 177): MCA Imposes Rs. 12 Lakh Penalty

December 23, 2023 5184 Views 0 comment Print

ROC Karnataka issues an adjudication order imposing penalties on Mukka Proteins Limited for violating Section 177(2) of Companies Act, 2013.

Circular Supply Chain: Sustainable Value Creation & 10R Framework

December 23, 2023 885 Views 0 comment Print

Explore the Circular Supply Chain model for sustainable value creation. Learn about the 10R framework and its impact on conservation, restoration, and regeneration

Best Judgment Assessment Void if Assessee Submits Pending Returns Post-Registration Restoration: Madras HC

December 23, 2023 945 Views 0 comment Print

Madras High Court ruling: Best Judgment Assessment annulled if assessee files pending GST returns post-registration restoration. Case analysis of Anand Cini Services Pvt. Ltd.

Insult of Vice-President of India By Mimicry Is Just Not Acceptable

December 23, 2023 3006 Views 5 comments Print

Read about the unacceptable insult of Vice President of India through mimicry in Parliament. Analysis of the incident, reactions, and the need for stricter regulations.

Rajasthan HC Clarifies Solvent Security vs. Bank Guarantee in GST Refund Case

December 23, 2023 852 Views 0 comment Print

Rajasthan High Court ruling on Raj Kamal Cargo Movers vs. Assistant Commissioner clarifies the distinction between solvent security and bank guarantee in refund cases. Full judgment provided.

Income already disclosed in ITR: Reopening after expiry of 4 years from relevant AY is invalid

December 23, 2023 14883 Views 0 comment Print

Bombay High Court quashes reopening proceedings in Shanmukhananda Fine Arts vs Dy. Director of Income Tax, citing income already declared in the ITR. Detailed analysis.

HC upheld penalty deletion as notice not specifies appropriate limb for penalty 

December 23, 2023 219 Views 0 comment Print

In PCIT Vs Bhudeva Estate Pvt. Ltd., Delhi High Court emphasized that notices for penalty under Section 271(1)(c) must explicitly specify grounds for penalty imposition.

Demand Solely Based on GSTR-2A: Rajasthan HC Grants Stay

December 23, 2023 1230 Views 0 comment Print

Rajasthan High Court stays recovery in Apar Fragrances vs Union of India, emphasizing payment through banking channel. Analysis of the order and its implications.

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