Winstaar Enterprises Marketting Pvt Ltd & directors faced penalties under Companies Act for not maintaining registers. Total penalty Rs. 3 Lakhs.
ITAT Chennai held that transfer pricing adjustment towards brand development services unjustified in absence of contract amongst the assessee and its associated enterprises. Accordingly, AO directed to delete addition made towards brand fee adjustment.
ITAT Kolkata held that addition u/s. 68 of the Income Tax Act towards unexplained share application money is unsustainable as assessee has successfully discharged the burden of proof primarily casted upon it, however, AO failed to conduct independent inquires.
In a landmark judgment, the Supreme Court emphasizes the necessity of proper identification parades, stating that identification in court without one isnt conclusive. Details here.
Read the adjudication order by the Ministry of Corporate Affairs on M/s Tycoons Mall Retail Private Limited for non-filing of financial statements under Section 137 of the Companies Act, 2013.
As an Indian investor, balancing a desire for portfolio growth with the need to protect your capital remains a constant challenge. Market uncertainty continues to dominate, making wise investment choices more important than ever.
Explore case of Manipal Hospitals (Dwarka) Pvt Ltd vs. ACIT where ITAT Bangalore ruled that AO cannot make adhoc disallowance under Section 40A(2)
Read the adjudication order issued by the Registrar of Companies, Chennai, under Section 12 of the Companies Act, 2013, against Winstaar Enterprises Marketing Pvt Ltd.
The Reserve Bank of India instructs all agency banks to stay open on March 31, 2024, to facilitate government transactions for FY 2023-24.
Discover implications as Ministry of Corporate Affairs penalizes Shyam Sunil Construction India Limited for neglecting registered office duties under Companies Act, 2013.
