The authority penalized the company for not maintaining a valid registered office address. It held that such failure constitutes a continuing statutory default attracting daily penalties.
The authority penalized the managing director for wrongly declaring CSR as not applicable in financial filings. It held that signatories are responsible for accuracy, even in inadvertent errors.
The authority penalized the company for failing to maintain properly numbered minutes. It held that even clerical errors in statutory records attract penalties.
The notification grants exemption to a legal services authority on specified income. It confirms that statutory bodies performing legal aid functions qualify, subject to strict compliance conditions.
The government notified a statutory trust for income tax exemption under section 10(46A). The ruling confirms that exemption applies subject to continued compliance with statutory purposes and conditions.
The issue involves overlapping applicability of old and new tax laws. The analysis highlights compliance risks and transitional gaps due to delayed commencement of the new Act. The key takeaway is the need for careful planning during the transition phase.
The issue involved reduction of RoDTEP benefits to 50% under an earlier notification. The government restored full rates for eligible exports. The key takeaway is that exporters will now receive benefits at pre-restriction levels.
The issue involved obtaining more than one DIN in violation of statutory provisions. The authority imposed a reduced penalty, recognizing the error as unintentional and self-reported.
The issue involved duplication of DIN due to ignorance during incorporation. The authority imposed penalty despite voluntary disclosure, reinforcing strict compliance requirements.
The issue involved granting recognition to an institution for research purposes. The authority approved eligibility, allowing tax deductions for scientific research activities.
