Ispat Sheets Limited fined for non-compliance with Companies Act provisions on Board meetings. Total penalty imposed: ₹40,000.
Ispat Sheets Limited penalized for failing to file Form PAS-6. The penalty includes fines for the company and its directors as per Companies Act.
Disallowance on dividend income claimed by ICICI Prudential Life Insurance was deleted as Section 44, being a non-obstante clause, overrides the provisions of Section 14A of the Income Tax Act, 1961, in computing income for life insurance companies.
CBIC assigns Mumbai Customs Commissioner as Adjudicating Authority for specific cases per Customs Act, 1962. Notification effective upon publication.
Explore the legal complexities of CIRP withdrawals and the protection of creditor rights under the Insolvency and Bankruptcy Code (IBC).
IBBI dismissed an RTI appeal seeking insolvency details of personal guarantors, citing privacy and resource constraints under RTI Act’s exemptions.
IBBI mandates centralized listing of liquidation assets on eBKray platform for transparency and improved recovery. Effective November 1, 2024.
It was admitted fact that the complainant, namely, Debasis Majumdar was an employee of the accused company, namely, Safal Life Science (P) Ltd. on and from 31st March, 2017 in view of the appointment letter issued by the company’s Board of Directors.
TPO proposed transfer pricing adjustments of INR 1,03,26,939/-. According to TPO, appellant had advance funds to its AE [i.e. Golden Harvest Middle East (FZC)] under the grab of share application money and there was inordinate delay in allotment of shares.
Assessee was in the business of construction and in developing housing complexes i.e to construct the property and sell it therefore, unsold flats held as stock-in-trade should be treated as business stock, not income from house property.
