Karnataka High Court clarifies that holding shares in a subsidiary doesn’t constitute a ‘supply of service’ under GST, impacting the Yonex India case.
ITAT Rajkot rules in favor of Conor Granito P. Ltd., setting a justifiable net profit rate on unaccounted sales based on business nature, dismissing Revenue’s appeal for a higher rate.
ITAT Mumbai held that the activity of the trust for publishing advertising in the newspaper is intrinsically linked for newspaper activity falls within the ambit of sub-clause (i) of Subsection 2(15) and conditions imposed in sub-clause (ii) of the proviso has to be fulfilled.
ITAT Ahmedabad rules in favor of Kapilaben Patel, deleting the penalty under Section 271(1)(C) for undisclosed income, highlighting voluntary disclosure’s importance.
Discover the procedures and resolutions required for sub-division of shares in private limited companies under the Companies Act, 2013, with detailed accounting entries and document submission guidelines.
ITAT Kolkata sets precedent by allowing a trust to seek Section 80G approval despite past activities, emphasizing the importance of provisional registration.
Kolkata ITAT upholds LTCG disallowance in Brajesh Narnolia Vs ITO, emphasizing that a company’s genuineness isn’t judged by the magnitude of profit.
Explore the significance of Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013. Understand the mandate for three individuals, their roles, and the legal provisions. Learn why diverse roles are essential for effective corporate governance.
Dive into Section 186 of the Companies Act, 2013, exploring its impact on Non-Banking Financial Companies (NBFCs). Discover regulations, exemptions, and compliance insights for prudent financial management.
Learn about the process for registering and monitoring Non STP units, along with the services provided by STPI. Guidelines, requirements, and fees explained.
