The Tribunal examined taxability of receipts from electricity distribution activities. It held that such services, including ancillary activities, are exempt. The key takeaway is that bundled services inherit exemption of the principal activity.
The Tribunal examined whether addition under Section 68 could be made without seized evidence. It held that no addition is permissible in absence of incriminating material. The key takeaway is that search assessments must rely on concrete evidence.
The Tribunal examined whether waste and scrap from cable manufacturing are excisable. It held that such waste is not “manufactured goods” under law. The key takeaway is that non-manufactured by-products are not liable to duty.
The issue involved non-compliance with approval requirements for related party transactions. The authority held that absence of Board resolution violates Section 188. The key takeaway is that proper approvals are mandatory for such transactions.
The issue involved non-compliance with mandatory appointment of a Company Secretary. The authority imposed penalties for violation of Section 203. The takeaway is that eligible companies must appoint key managerial personnel without exception.
For nearly three decades, the India-Mauritius DTAA of 1983 was the golden corridor for foreign capital flowing into India. At its peak, Mauritius accounted for over 30 per cent of cumulative foreign direct investment into India, a number that tells lesser about Mauritius’s economic might and screams more about the architecture of global capital structuring. […]
The issue involved non-compliance with mandatory internal auditor appointment requirements. The authority imposed penalties as the company exceeded the turnover threshold but failed to comply. The takeaway is that audit requirements are strictly enforced.
HUF allows families to create a separate tax entity with its own PAN and ITR, enabling income splitting and slab-wise benefits. This reduces overall tax liability when income is distributed lawfully.
The ROC imposed penalties on directors for not maintaining the mandatory register of members. The key takeaway is that statutory registers must be maintained at all times. Non-compliance attracts fixed penalties.
Form 130 becomes the new TDS certificate from April 2026 under the 2025 Act. The key takeaway is that the format changes, but the core purpose remains the same.
