ITAT Mumbai finds the reopening of Allied Engineers’ assessment invalid, ruling the addition of alleged bogus purchases unjustified. Case closed.
ITAT Chennai overturns addition of Rs. 28.57 Lacs for cash deposits by Gouthamchand Jain, ruling the source as valid and directing a reassessment.
The court found that the delay was not intentional but resulted from the notices being uploaded online without hard copies being served. Considering these factors and the submission that the delay was due to bona fide reasons, the High Court decided to condone the delay.
Calcutta High Court sets aside ITAT order in Mirabelle Tradecom case, allowing the assessee another opportunity to contest the matter. Read the case details.
Private companies must dematerialise shares by 30 Sep 2024 under new MCA rules. Penalties for non-compliance include fines and restrictions on securities.
Learn the key provisions of Section 194T regarding TDS on payments made by firms to partners, including rates, limits, and applicability effective April 2025.
Explore a comprehensive checklist of event-based compliances for listed companies under LODR and PIT regulations, including timelines and reporting requirements.
Learn the detailed process of private placement under Section 42 of the Companies Act 2013, including board meetings, allotment, and penalties for non-compliance.
Discover how happiness can enhance personal, professional, and social life by fostering love, understanding, and harmony in the world for peace and prosperity.
