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Penalty Imposed on Shayona Petrochem Ltd for Annual Return Non-Compliance

December 21, 2023 204 Views 0 comment Print

Explore the penalty order issued by the Ministry of Corporate Affairs against Shayona Petrochem Limited for violating Section 92 of the Companies Act, 2013. Learn about the case, findings, and imposed penalties.

Penalty Imposed for Company Without Board or Website (Section 12(1) Violation)

December 21, 2023 16449 Views 0 comment Print

Breaking: SITARAM MAHARAJ SAKHAR KARKHANA (KHARDI) LIMITED faces penalties for non-compliance with Section 12(1) of the Companies Act, 2013. Read the adjudication order.

Non-Resident’s Salary Receipt in NRE Account for Overseas Services Not Taxable in India

December 20, 2023 2124 Views 0 comment Print

The key issue is whether the salary, directly remitted from a foreign company to the assessee’s Non-Resident External (NRE) account in India, is taxable in India.

Salary Receipt in NRE Account by Employee on International Routes Not Taxable in India

December 20, 2023 720 Views 0 comment Print

ITAT) Agra delivered a significant judgment in the case of Arvind Singh Chauhan Vs ITO, challenging the taxability of salary received by an employee working on international routes.

House Arrest Period Counts in Custody Calculation for PMLA Accused Bail: Bombay HC

December 20, 2023 318 Views 0 comment Print

Bombay High Court grants bail to PMLA accused, considering house arrest period. Detailed analysis of the judgment and its impact on custody calculations.

Patna HC Grants Stay on GST Demand Amid GST Tribunal formation Delay

December 20, 2023 660 Views 0 comment Print

Read the full text of the judgment/order in Trimurti Private Limited Vs State of Bihar, where Patna High Court stays GST demand until the Appellate Tribunal is constituted. Analysis of the case and its implications.

Death of Director & CA reasonable cause for Delay in Appeal Filing: ITAT Mumbai

December 20, 2023 624 Views 0 comment Print

Explore the ITAT Mumbai ruling in PMI Entertainment vs ACIT case, where the death of director and CA led to filing delay appeal. Detailed analysis and insights.

HC Grants Stay on GST Demand on Seconded Employees: Mitsubishi Electric Case

December 20, 2023 1956 Views 0 comment Print

Punjab & Haryana HC grants stay on GST demand of Rs. 20.46 Cr on Mitsubishi Electric for seconded employees’ salaries, citing Apex Court’s clarification.

Delhi HC Stays GST RCM Demand on Seconded Employees: Metal One Corporation Case

December 20, 2023 1248 Views 0 comment Print

Delhi High Court’s interim relief to Metal One Corp. by staying GST Reverse Charge Mechanism (RCM) show cause notices. Analysis of tax liability on salaries paid to seconded employees.

RBI Directive: Empowering CoFT through Card Issuers – 2023 Update

December 20, 2023 441 Views 0 comment Print

Stay informed on the latest RBI directive (RBI/2023-24/91) enabling Card-on-File Tokenisation (CoFT) through card issuers. Learn the requirements and implications for payment system providers and participants

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