Calcutta High Court dismisses Income Tax Departments appeal against Deepak Industries due to tax effect less than CBDTs fixed threshold
Analysis of ITAT Kolkata’s ruling in Mahua Bagchi Vs ACIT. Emphasizes that Foreign Tax Credit can’t be denied for late filing of Form 67 under Sec 139(1).
Analysis of the ITAT Chennai ruling on Carborundum Universal Limited vs ACIT, emphasizing no scope for reassessment on an issue under appeal.
Insight into MCA’s decision to reduce penalties for Vena Energy’s delayed Form INC 20A filing, based on Companies Act 2013 provisions and circumstances.
CESTAT Chennai quashes demand of service tax on Shiva Automobiles for repair & maintenance of motor vehicles. Read the verdict details & implications here.
Insights into ITAT Delhi’s verdict on the denial of income tax deduction due to belated returns under Section 139(4) of the Income Tax Act for AY 2019-20.
Punjab & Haryana HC orders trial court to decide GST fraud case based on evidence, uninfluenced by observations in bail order. Learn more about the verdict.
Analysis of ITAT Delhi’s ruling in DCIT vs Centum Learning Ltd on debts claim, business nexus & re-adjudication. A critical look at the order dated 12.04.2019.
ITAT rules no penalty u/s 271D for exceeding cash transaction limit on loans taken through Account Payee Cheques. Read the full case of Sanjaykumar Patel.
Detailed analysis of MCA’s action against Shri Lal Mahal Infrastructure Pvt. Ltd. for not mentioning CIN on their board report & AGM notice. Insights on penalties and consequences.
