ROC Kolkata penalized a company for filing an annual return containing wrong shareholder information due to clerical error. The ruling highlights that inaccurate MCA filings can trigger penalties even when later corrected.
The Code on Wages and the 2026 Rules introduce a uniform wage definition and cap exclusions at 50% of total remuneration. Employers may need to redesign salary structures due to higher PF, gratuity, and bonus liabilities.
ROC Kolkata imposed penalties after a company filed another entity’s shareholder list in its MGT-7 annual return. The order held that incorrect statutory filings attract liability even if the mistake was later admitted and rectification was sought.
The Tribunal upheld disallowance of deduction under Section 80GGC after finding the political donation lacked genuineness. The ruling highlights that payments through banking channels alone cannot establish a valid deduction when surrounding facts indicate accommodation entries.
The Tribunal held that cash deposits during demonetisation cannot be treated as unexplained when backed by audited books, invoices, stock records, and VAT returns. The ruling clarifies that genuine business sales cannot trigger Section 68 merely due to acceptance of old currency notes.
The Tribunal ruled that non-specification of the precise statutory charge under sections 270A(2) and 270A(9) violated principles of natural justice. Penalty proceedings were therefore held invalid and unsustainable.
The Tribunal ruled that addition of alleged undisclosed income could not be sustained merely on the basis of WhatsApp chats without supporting enquiry or evidence. It held that the department failed to establish any actual transaction involving the assessee.
The Tribunal quashed the assessment after finding that crucial JSK Server data, screenshots, and investigation records were never provided to the assessee. The ruling reiterates that additions based on undisclosed evidence violate principles of natural justice.
The ROC Mumbai penalized an individual for possessing two Director Identification Numbers contrary to Section 155 of the Companies Act, 2013. The ruling highlights that obtaining duplicate DINs, even inadvertently, can attract continuing penalties under Section 159.
The ROC Mumbai penalized a director for filing incorrect AGM and due dates in Form AOC-4 for FY 2024-25. The ruling highlights that authorized signatories are personally responsible for accuracy of information filed in MCA e-forms.
