Company held only three Board Meetings in a year, violating statutory norms. Officers were penalized individually for non-compliance with meeting requirements.
Holding more than one DIN violates statutory provisions regardless of intent. The adjudicating authority imposed maximum penalty despite claim of inadvertent error.
Insight Instruction No. 90 identifies high-risk non-filers through advanced data matching tools. Officers are guided to verify and initiate action based on risk indicators.
Filing Form 18 is essential to obtain specified business status for housing projects. Without notification, tax benefits under Section 46 cannot be claimed.
Entities must file Form 17 to obtain approval for research-related tax benefits. Proper filing ensures eligibility and compliance with statutory conditions.
Institutions receiving research donations must file Form 15 annually. Non-compliance may impact donor deductions and attract consequences under the law.
The framework requires taxpayers to file Form 5 to claim deduction for preliminary expenses. Failure to file or incorrect reporting may lead to disallowance and compliance risks.
The case involved holding two DINs for 1462 days in violation of statutory provisions. The authority imposed a reduced penalty considering mitigating circumstances.
The case involved obtaining a duplicate DIN in violation of statutory provisions. The authority imposed a reduced penalty considering the unintentional nature of the default.
The case involved delayed approval for appointing a non-resident whole-time director. Authorities held that the 90-day period must be calculated from the date of appointment, leading to penalties for non-compliance.
