National Stock Exchange of India’s latest circular regarding the submission of the Annual Secretarial Compliance Report (ASCR) in XBRL format via the NEAPS platform.
On appeal, the Tribunal concluded that the assessee could deviate from the earlier selected Most Appropriate Method if the new method was more in line with the applicable provisions.
ITAT directs re-adjudication of penalty imposed under section 270A of the IT Act for misreporting of income without the application of mind.
Learn about the penalty imposed by the Ministry of Corporate Affairs (MCA) on M/s CMBF Trading and Manufacturing India Private Limited for the delay in filing their Annual Return (MGT-7). This article provides an analysis of the order of adjudication, the penalty amount, and the consequences for the company and its directors.
ITAT Delhi dismisses Drishti Apparels’ appeal against disallowance of PF and ESI deduction due to delayed deposit, aligning with Supreme Court decision.
Case between Jai Venktesh Concast Private Limited and the Deputy Commissioner of State Tax, was heard by the Calcutta High Court. The writ petitioners filed an intra-court appeal against the order of the learned Single Bench, which directed them to pay 20% of the disputed tax for interim protection from recovery.
IBBI Disciplinary Committee has issued an order addressing the contravention by Mr. Raj Kumar Ralhan, an Insolvency Professional. The order pertains to violations under the Insolvency and Bankruptcy Code and related regulations, including the incurrence of unreasonable costs during liquidation and the failure to make necessary disclosures regarding engaged professionals. The IBBI Disciplinary Committee’s order […]
On the date of approval of Resolution Plan by Adjudicating Authority, all such claims which are not a part of Resolution Plan, shall stand extinguished and no person will be entitled to initiate or continue any proceedings in respect to a claim which is not a part of the Resolution Plan.
In a recent case, the ITAT found that the assessee did not receive a fair opportunity to represent its case before the first appellate authority due to circumstances beyond its control. As a result, the ITAT set aside the first appellate authority’s orders and restored the matters for a fresh decision.
In a recent case (Howrah Improvement Trust vs. DCIT) heard by ITAT Kolkata, the addition of government grants as corpus or income was deleted.
