Versatile Wires Limited Vs Commissioner of CGST & CX – CESTAT Kolkata, ruled out penalty u/s 11AC due to lack of evidence of fraud, collusion, willful misstatement, or contravention of CENVAT Credit Rules
Recent ruling by Rajasthan High Court on applicability of reduced stamp duty to lease deeds where rent is fixed and no premium is paid or delivered in the case State of Rajasthan Vs Indus Tower Ltd.
ITAT Jaipur in Yogendra Khandelwal Vs ACIT, mandates re-adjudication for penalty imposed under Section 271(1)(c) without adequate hearing.
ITAT Indore judgement in Mohan Yadav Vs ITO case, focusing on necessity of issuing notice under section 143(2) of Income Tax Act within a prescribed time limit.
Patna High Court rejects second anticipatory bail application filed by Chakresh Kumar Jain under section 4 PMLA, mirroring a similar rejection of an anticipatory bail plea by his father, Pawan Kumar Jain.
ITAT Ahmedabad has ruled that a penalty under section 271(1)(c) is not applicable when an assessee doesn’t furnish inaccurate income details. This ruling was made in the case of Khanpur Vibhag Madhyamik Shala Karmchari Dhiran & Grahak Sahakari Mandali Limited Vs ACIT
MCA has imposed a penalty of Rs. 2 lakhs on a company secretary for incorrectly certifying the annual return of a company. The violation relates to the non-disclosure of board meeting dates. Learn more about the consequences and implications of this compliance breach.
The Ministry of Finance, Government of India, recently released Instruction No. 03/2023-GST, dated 14th June, 2023, outlining stricter guidelines for the processing of applications for GST registrations. This move aims to counteract the prevalent issue of false and deceitful GST registrations used for issuing invoices without any actual supply of goods or services, leading to […]
Whereas the Company ought to have held its AGM for the financial year 2020-2021 on or before 30.9.2021 and filed its Balance Sheet (AOC-4) before MCA on or before 10.2021. However the company got extension upto 31.12.2021 and ought to have filed its Balance Sheet (AOC-4) before MCA on or before 30.01.2022, but the company […]
The Securities and Exchange Board of India (SEBI) has introduced the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023. These amendments bring changes to the existing regulations that govern the listing obligations and disclosure requirements for listed entities. The amendments include the introduction of regulation 30A, which focuses […]
