Stanley Black & Decker India faces penalties under Section 135 of the Companies Act, 2013 for delays in CSR fund transfers due to COVID-19 restrictions.
ITAT Bangalore held that advances given to the director by the company for commercial purpose is outside the ambit of provisions of deemed dividend as provided under section 2(22)(e) of the Income Tax Act.
Understand the Ahmedabad ITAT ruling that payments for certification services by foreign entities are not taxable in India without a fixed place of business. Full order analysis.
ITAT Mumbai held that no transfer pricing adjustment could have been made in the hands of assessee on account of ALP of specified domestic transactions as section 92BA(i) of Income Tax Act was omitted. Thus, since provisions of section 92D are not applicable, penalty u/s. 271G of the Income Tax Act untenable.
Rajasthan High Court held that section 119(2)(b) of Income Tax Act read with CBDT Circular No.09/2015 dated 09.06.2015 clearly reflect that if there is a genuine hardship, then a condonation of upto six years can be permitted. Accordingly, writ allowed.
Understand the key requirements for the Directors Report under the Companies Act 2013, including disclosure, compliance, and approval details for 2024.
Ramax Nidhi Limited faces a penalty for failing to include PAN and email details of security holders in Form PAS-3. MCA imposes a fine of Rs. 40,000.
Explore IRDAI’s order on HDFC Life Insurance Co. Ltd., addressing violations, regulatory issues, and the insurer’s submissions. Detailed analysis and conclusions provided.
Learn about SEBI eligibility criteria for Main Board and SME IPOs, covering financial conditions, general requirements, and regulations for a successful public offering.
Penalty imposed on Appattuvilai St. Antony’s Nidhi Ltd for violating Rule 12(2) of Companies Prospectus and Allotment Rules. Compliance required within 90 days.
