ITAT Kolkata held that notice issued u/s. 143(2) of the Income Tax Act without specifying whether it is limited or complete of compulsory manual scrutiny is invalid and in violation of CBDT instruction F. No. 225/157/2017/ITA-II Dated 23-06-2017.
NCLAT Delhi held that rejection of approved resolution plan on account of alleged fraud without giving an opportunity to resolution applicant to explain its position is against the principle of natural justice. Accordingly, matter remanded back.
Understand key company compliance requirements in India under the Companies Act, 2013, covering ROC filings, director disclosures, and obligations under other relevant laws.
Allahabad High Court notes Islamic law permits conditional polygamy but states it is widely misused for selfish reasons; highlights relevance of UCC.
During the course of assessement proceedings, AO noted that the assessee has earned interest income on fixed deposits made with banks which has been included in the business income while computing deduction u/s 10AA of the Act.
CAIT urges Commerce Minister to ban Pakistani flags, T-shirts, and mugs on e-commerce platforms amid Operation Sindoor, citing national security concerns.
ITAT Mumbai held that the cash deposited is out of the gross receipts and that once gross receipts are disputed then no addition is sustainable under section 68 of the Income Tax Act. Accordingly, appeal allowed to that extent and addition deleted.
Madras High Court held that based on auditor’s advice, the petitioner failed to comply with GST return provisions. Accordingly, reasons provided for non-compliance with GST provisions appears to be genuine and hence order cancelling registration set aside.
Understand GST applicability on housing society maintenance charges paid to RWAs or builders, including thresholds, calculation, and exemptions.
DPIIT approves 187 startups for income tax exemption under Section 80-IAC. Eligibility extended for startups incorporated till April 2030.
