ITAT allows fresh hearing as assessee’s appeal was dismissed because notices were emailed despite opting for postal delivery. Emphasizes importance of respecting communication preferences in tax proceedings.
ROC Mumbai penalizes Pan Gulf Technologies and its MD for failing to attach the annual CSR report with the Board Report for FY 2022-23 under Section 134(3)(o).
The Tribunal ruled that Section 68 additions cannot apply when a company maintains no books of account, deleting ₹51 lakh and ₹1.25 crore additions. Confirms that technical defaults cannot override proper accounting requirements.
The company voluntarily disclosed non-compliance with private placement fund rules, but penalties were still imposed. The judgment shows that proactive disclosure does not eliminate liability under Section 42(10) of the Companies Act.
All TDS deductions under Sections 194A, 194H, 194EE, and 194N will now be recorded at CPRC, streamlining reporting and compliance.
ROC Mumbai imposed penalties on a company and its officer for not including the Annual CSR Report in the Board Report for FY 2021-22. The ruling emphasizes strict compliance with Section 134(3)(o).
A delay of nearly eight years in meeting independent director and Audit Committee requirements resulted in fines totaling ₹6 lakh. The judgment reinforces the personal liability of officers for ongoing statutory defaults.
ROC Gwalior imposed penalties on a company and officers for using funds from a preferential issue before filing Form PAS-3. The ruling underscores compliance with Section 42(4) of the Companies Act.
ROC Ahmedabad levied penalties on a company and its Managing Director for delayed compliance with Section 149(4) and Section 172. The ruling emphasizes timely appointment of independent directors.
The MCA held the company and Managing Director liable for delayed appointment of a Company Secretary. The ruling reinforces personal liability of officers in default under Section 203(5).
