In the case of Dhanterash Sales Pvt. Ltd. Vs ITO, ITAT Kolkata ruled that the assessment order was deemed time-barred due to lack of evidence for timely issuance, dismissing the additions made by the Assessing Officer.
Learn about the functions, powers, and role of the Registrar of Companies (ROC) appointed by the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. Explore its regulatory oversight of Indian enterprises.
Explore the Foss v. Harbottle case and its impact on corporate governance, including the rule of majority, powers of minority shareholders, exemptions, and legal precedents.
Delve into the differences between profit maximization and wealth maximization in financial management, exploring their advantages, criticisms, and implications for shareholder welfare.
Calcutta High Court dismisses PCIT’s appeal, reaffirming that the least complex party should be the tested entity in transfer pricing transactions, citing relevant precedents.
Mumbai ITAT rules that a retracted statement without nexus to the taxpayer cannot justify addition under Sec 69A, offering relief to the appellant in Mayur Kanjibhai Shah Vs ITO.
ITAT Mumbai held that rate of interest @18% paid to related party towards unsecured loan is reasonable as rate of interest charged by bank @12% is with security, whereas, rate of interest charged on unsecured loan is without any security.
Explore the detailed analysis of the ITAT Delhi order in the case of Himenviro Environmental Engineering Co. Pvt. Ltd. vs ACIT, focusing on product development expenses, liquidated damages, and more.
Mumbai ITAT directs AO to reconsider immunity from penalty u/s 270AA for Prathamesh Vivek Khot vs ITO. Error in Form 68 caused delay. Detailed analysis & implications.
Mumbai ITAT allows depreciation on ‘right to collect toll tax’ on infrastructure facilities for Roadstar Investment vs ACIT. Detailed analysis and implications provided.
