GSTN has launched a standardized Annexure-B Offline Utility for refund applications involving accumulated ITC to enable automated invoice verification. Taxpayers must now upload invoice-wise HSN/SAC details through the prescribed utility.
Chennai ITAT held that reassessment notices issued after three years must comply strictly with Section 151(ii) approval requirements. Failure to obtain sanction from the proper authority vitiated the entire reassessment proceedings.
The Tribunal ruled that participation by a legal heir does not validate notices and assessment orders issued in the name of a deceased assessee. Proceedings must be initiated strictly under Section 159 against legal representatives.
The Department of Consumer Affairs has clarified that customary units like inches, feet, and dozen may be used as supplementary declarations alongside SI metric units. However, SI units will continue to remain the legally recognized standard under the Legal Metrology Act.
The Madhya Pradesh High Court ruled that the Bhojshala-Kamal Maula complex is a protected Hindu temple dedicated to Goddess Vagdevi after relying on ASI survey findings and historical evidence. The Court quashed the 2003 ASI arrangement permitting namaz and restricted worship rights exclusively in favour of Hindus.
The revised MSME classification limits under Union Budget 2025-26 significantly widen access to government subsidy, guarantee, and credit support schemes. More enterprises can now qualify for MSME benefits.
ROC Chandigarh penalised a company and its directors after finding that financial statements and Board Reports were not approved through Board resolutions as required under Section 179(3). The order held that continued non-compliance attracted penalties under Section 450 of the Companies Act.
ROC Chandigarh penalised a company and its directors for not filing financial statements from FY 2017-18 to 2022-23 within the statutory timeline. The order held that continuous default under Section 137 attracted penalties under the Companies Act, 2013.
ROC Chandigarh penalized a company and its directors under Section 92(5) of the Companies Act for non-filing of annual returns from FY 2017-18 to 2022-23. The directors were each fined the maximum penalty permitted under the law.
Section 56 of Companies Act, 2013 requires execution of a proper instrument of transfer for transfer of interest of a member in a company not having share capital. Instrument must be executed by or on behalf of both transferor and transferee and delivered to company
