M/s. Servicenow Software Development India Pvt Ltd fined for not obtaining board approval for loans, totaling ₹3,90,000 in penalties.
CESTAT Kolkata rules in favor of Aurora Fine Arts in a bonafide mistake case, exempting from penalty for a misdeclared EPCG license value, acknowledging voluntary duty and interest payment.
Calcutta High Court mandates re-evaluation of ETC Agro Processing’s time-barred IGST refund, overturning denial based on an unconstitutional notification.
SEBI has issued a circular introducing a regulatory framework for Execution Only Platforms (EOPs) facilitating transactions in direct plans of mutual fund schemes. This circular addresses the need for a specific framework for technology/digital platforms to provide execution-only services and obtain data feeds. Discover the guidelines for EOPs and the balance between investor convenience and […]
Law is well-settled that with the finalization of insolvency resolution plan and the approval thereof by the NCLT, all dues of creditors, Corporate, Statutory and others stand extinguished and no demand can be raised for the period prior to the specified date.
Orissa High Court confirms the jurisdiction of the search and seizure authority to pass an order of demand and penalty under Section 130 of the OGST/CGST Act.
In a recent case (DCIT vs. Religare Finvest Ltd) heard by ITAT Delhi, it was ruled that lessor is entitled to claim depreciation on leased assets under a finance lease agreement.
Explore the outcome of Ramabhai Kanjibhai Patel vs DCIT where the ITAT Surat negates penalty under Income Tax Act Section 271(1)(b) when the assessment gets completed under Section 143(3).
Ocean Pharmacoat Pvt Ltd and its officers penalized for a 405-day delay in filing MGT-14, violating Section 117 of the Companies Act, 2013.
CAAR Mumbai rejects M/s. Solae Company India Private Limited’s application for advance ruling due to jurisdiction issues, as the company’s office is in Gurgaon, under CAAR Delhi’s jurisdiction, not Mumbai’s. The company had inaccurately used their logistics service provider’s address in Mumbai.
