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Archive: 15 June 2024

Posts in 15 June 2024

Checklist for Issuing ESOP under Companies Act, 2013

June 15, 2024 17778 Views 0 comment Print

Explore the provisions, eligibility, steps, and disclosures for Employee Stock Option Plans (ESOP) under the Companies Act, 2013 and related rules.

Delhi ITAT Quashes Reassessment for Non Receipt of Information at the time of Issuance of Section 148 Notice

June 15, 2024 1392 Views 0 comment Print

Santosh Khunteta vs. ITO (ITAT Delhi): Appeal on reassessment order for AY 2010-11. Key grounds include validity of notice and reassessment jurisdiction.

Commissioner (Appeals) not justified in dismissing appeal without examining merits

June 15, 2024 933 Views 0 comment Print

Appeal rejected on misinterpretation of Customs Act. CESTAT remands case to decide on merits. Goods clearance deemed final.

ITAT direct release of seized cash & Criticizes AO & CCIT for frivolous appeal

June 15, 2024 681 Views 0 comment Print

Read the detailed analysis of ITAT Delhi’s decision to delete the income tax addition of Rs. 89 lakhs seized by CBI from Eldeco Infrastructure & Properties Ltd.

Taxpayer Wins Legal Battle Over Illegal Auction for 1947-48 Assessment Year After 45 Years

June 15, 2024 2205 Views 0 comment Print

Gokal Chand Rattan Chand vs. Union of India: Detailed analysis of Punjab & Haryana High Court’s judgment on non-existent tax order & auction.

Bail denied in Alleged Misuse of Post Matric Scholarship Funds for SC/ST/OBC Students

June 15, 2024 1035 Views 0 comment Print

Himachal Pradesh HC denies Rajdeep Singh’s bail in the misappropriation of SC/ST/OBC scholarship funds case, citing unsatisfactory conditions under Section 45 of PMLA.

Delhi HC Directs GST Registration Cancellation Application Disposal

June 15, 2024 609 Views 0 comment Print

Delhi High Court orders proper officer to dispose of GST registration cancellation application within four weeks. Details of L G Trading House Vs Principal Commissioner case.

ITAT quahses Section 270A Penalty Despite Non-Filing of Return for Capital Gains on Property

June 15, 2024 5838 Views 0 comment Print

Understand the implications of the Parulben Vijaykumar Patel vs ITO case from ITAT Ahmedabad. Detailed analysis and conclusion provided.

After Resolution Plan Approval, Corporates Begin Anew with Extinguished Claims

June 15, 2024 531 Views 0 comment Print

Calcutta High Court ruling emphasizes NCLT approval’s impact on corporate entity’s clean slate post-insolvency. Detailed analysis on Union of India vs. Ramswarup Lohh Udyog case.

Madras HC Quashes GST Assessment Orders for Natural Justice Breach

June 15, 2024 816 Views 0 comment Print

Madras High Court quashes GST orders on Rs. 45L pre-deposit, addressing 15 discrepancies, despite no time extension granted. Detailed analysis and implications.

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