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Archive: 26 December 2023

Posts in 26 December 2023

Victor Impex Limited Penalized for late-filing of Financial Statement

December 26, 2023 228 Views 0 comment Print

Ministry of Corporate Affairs penalizes Victor Impex Limited for failing to file financial statements under Section 137 of the Companies Act, 2013. Details of the penalty order and its implications.

IBBI – Valuation Examination- FAQs

December 26, 2023 2532 Views 0 comment Print

Explore frequently asked questions about the Insolvency and Bankruptcy Board of India (IBBI) Valuation Examinations effective from July 1, 2022. Learn about eligibility, registration, exam structure, and more.

DGFT Extends Deadline: Non-Preferential Certificate of Origin Filing Till 31.03.2024

December 26, 2023 639 Views 0 comment Print

Important update from the Ministry of Commerce: Deadline for mandatory electronic filing of Non-Preferential Certificate of Origin extended to December 31, 2024. Learn more about the transition and guidelines.

Madras HC Directs Swift Disposal of Appeal in Annamalai Bus Transports P Ltd. Case

December 26, 2023 432 Views 0 comment Print

Madras High Court, in the case of Annamalai Bus Transports P Ltd. vs PCIT, has directed the CIT (Appeals) to expedite the appeal filed by the assessee within 60 days. The court noted procedural irregularities and the violation of principles of natural justice in the penalty proceedings, emphasizing the absence of cash transactions.

HC directs Appellate Authority to review appeal without pre-deposit

December 26, 2023 759 Views 0 comment Print

Madras High Court, in the case of Anamallais Bus Transports P Ltd vs. PCIT, has prima facie set aside penalty proceedings under Section 271-E of the Income Tax Act. This article explores the court’s view, emphasizing no cash transactions and directing the Appellate Authority to review the appeal without pre-deposit.

Board meeting Gap exceeded 120 days: MCA imposes Rs. 3.50 Lakh Penalty

December 26, 2023 14460 Views 0 comment Print

MCA imposes Rs. 3.50 Lakh Penalty on EPIC DESIGNERS APPARELS for violating Companies Act, 2013 by delaying board meetings Details, analysis, and consequences

Complete Guide to Filing ITR Form 5: Process, Eligibility and Steps

December 26, 2023 1644 Views 0 comment Print

Learn step-by-step process of filing Income Tax Return Form 5 (ITR 5) in India. Understand eligibility criteria, required documents, and online submission procedure for individuals, HUFs, and non-LLP companies.

Thana Electric Supply Co. Ltd. Penalized for late-filing of annual return

December 26, 2023 168 Views 0 comment Print

Explore the Ministry of Corporate Affairs adjudication order imposing penalties on Thana Electric Supply Company Limited for violating Section 92 of the Companies Act, 2013.

How to become a Registered Valuer under Insolvency and Bankruptcy Board of India (IBBI)?

December 26, 2023 61896 Views 7 comments Print

Explore process of becoming a Registered Valuer under IBBI. Learn about eligibility, costs, and step-by-step procedures to navigate examination and registration.

Harassing Husband Publicly and Accusations: Extreme Cruelty, Delhi HC

December 26, 2023 840 Views 0 comment Print

Delhi HC rules publicly harassing and accusing a husband of infidelity as extreme cruelty, upholds divorce. Detailed analysis of ABC vs XYZ case, implications, and conclusion.

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