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.
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.
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.
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.
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.
ITAT Jaipur held that initiation of penalty proceedings u/s. 271AAB(1A) of the Income Tax Act without specifying the ground and default on the part of the assessee and also without specifying the undisclosed income on which penalty was proposed to be levied is unsustainable-in-law.
ITAT Kolkata held that once the TDS is deducted then the liability resulting from the non-deposit of TDS by the deductor cannot be fasten on the deductee. Hence, denial of TDS credit to deductee unjustified.
Explore the groundbreaking report on Direct Listing of Indian Companies on IFSC Exchanges. IFSCA’s Working Group offers global best practices, regulatory insights, and a vision for raising foreign capital through GIFT IFSC.
Explore IFSCA’s proposed guidelines on assets, liabilities, and solvency for life insurance businesses in 2023. Provide your feedback by January 10, 2024.
Government adjudication order under Section 454 for non-compliance of Section 92 by Trinity Tradelink Limited. Detailed analysis, findings, and penalty implications explained.
