50 times higher assessment without considering request of petitioner for personal hearing through video conferencing – Gujarat HC quashed Order in case of Margita Infra
Ministry of Corporate Affairs (MCA) penalizes Mahadeva Vehicles Pvt. Ltd. & directors for not displaying contact info on board resolution. Analysis & order details.
In the case of Jayant vs. State of Madhya Pradesh, the Supreme Court clarifies a magistrate’s powers in handling offences under the MMDR Act and the IPC, allowing partial appeal by the violators.
ICSI has proposed Draft Company Secretaries (Amendment) Regulations, 2023 to amend the Company Secretaries Regulations, 1982. These draft regulations have been published for public information and feedback, as required by the Company Secretaries Act, 1980. The proposed amendments aim to address various aspects of the functioning and regulation of Company Secretaries in India.
Read the comprehensive analysis of the case where the Assessing Officer made additions to the assessee’s income based on loose papers, and how the Court dismissed the revenue’s appeal.
CESTAT Chennai has ruled in favor of SDS Ramcides Crop Science Pvt. Ltd., allowing them to re-export the imported insecticides without payment of redemption fine and penalties.
CESTAT Chennai has ruled that ‘Natural Rock Phosphate’ imported goods are not considered as ‘fertilizers’ under the FCO, making them ineligible to claim exemption of SAD under the specified notification.
The assessment of working capital requirement of borrowers, other than micro and small enterprises, requiring fund based working capital limits up to ₹ 1 crore and micro and small enterprises requiring fund based working capital limits up to ₹ 5 crore from the banking system may be made on the basis of their projected annual turnover.
The ITAT Ahmedabad dismissed rectification orders passed under Section 154 of the Income Tax Act, upholding the setting off of business loss against property income and income from other sources.
In a recent case, CESTAT Delhi ruled that imported earphones are not considered parts of cellular mobile phones and qualify as accessories, allowing them customs duty exemption.
