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Archive: 15 April 2024

Posts in 15 April 2024

Approval of Share Transfer without duly stamped instrument: MCA imposes Penalty

April 15, 2024 606 Views 0 comment Print

Explore the adjudication order under Section 56 of the Companies Act, 2013 against M/s. Spendflo India Private Limited by the Registrar of Companies, Chennai.

MCA Penalty for Improper Minutes: Missing Place and Date

April 15, 2024 912 Views 0 comment Print

MCA imposes penalties on Wind World (India) Limited for improper board meeting minutes, missing place and date, violating Section 118 of the Companies Act, 2013.

Maryada of Taxation for Businesses

April 15, 2024 1692 Views 0 comment Print

Discover the Maryada of taxation for businesses in India, covering Income Tax and GST thresholds. Ensure compliance and avoid legal troubles with these essential limits and provisions.

Non-Mention of DIN in Reply to MCA Leads to Rs. 1 Lakh Penalty

April 15, 2024 3444 Views 0 comment Print

Wind World (India) Limited fined Rs. 1 Lakh by MCA for failing to include DIN in reply. Learn about the adjudication process and implications.

Delhi HC Sets Aside GST Order for not considering reply filed by taxpayer

April 15, 2024 1320 Views 0 comment Print

Detailed analysis of the Delhi High Court judgment in Biba Fashion Ltd. vs. Govt of NCT of Delhi case, highlighting flaws in the order and remittal for re-adjudication.

If Officer Deemed Reply Unsatisfactory, Further Details Could’ve Been Requested: HC quashed order

April 15, 2024 879 Views 0 comment Print

Delhi High Court quashes order in Jullundur Motor Agency Delhi Limited vs. Union of India & Ors. Taxpayer’s detailed reply not considered; court emphasizes the importance of seeking clarification.

Cross empowerment of GST Authority-A burning issue

April 15, 2024 4278 Views 0 comment Print

Explore the complexities of cross-empowerment in GST as notices and proceedings blur jurisdictional lines. Delve into the decisions, debates, and implications surrounding this burning issue.

From Gold Rush to Crypto Boom: Investing in Digital Gold of the 21st Century

April 15, 2024 540 Views 0 comment Print

In the nineteenth century, gold fever gripped the area as prospectors rushed to strike it rich in the gold mines of California, Australia, and South Africa. Fast ahead to the 21st century, and a present-day gold rush is underway, this time in the digital realm.

Jewellery inherited through non-registered will qualifies as capital asset: ITAT Bangalore

April 15, 2024 7341 Views 1 comment Print

ITAT Bangalore held that non-registration of will doesn’t lead to any inference against its genuineness. Thus, jewellery inherited from mother in law based on non-registered will be capital assets and sell thereof results into long term capital gain.

Investing in the Internet of Value: Exploring Opportunities Beyond Cryptocurrency

April 15, 2024 291 Views 0 comment Print

The upward push of cryptocurrency has catalyzed a transformative motion closer to what a few calls the “Internet of Value”—a decentralized environment where digital assets represent, switch, and save fees successfully and securely.

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