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Delay in Filing of MGT-4, MGT-5 & MGT-6: MCA Imposes Penalty of Rs. 1659200

February 9, 2024 2412 Views 0 comment Print

Discover the adjudication order imposing penalties of Rs. 16,59,200 on Kudos Finance And Investments Private Limited for delayed filing of MGT-4, MGT-5, and MGT-6 under Companies Act, 2013.

Kerala HC Upholds GST Registration Cancellation for Oleena Mahila Samajam

February 9, 2024 516 Views 0 comment Print

Kerala High Court dismisses Mahila Samajam’s writ petition on GST registration cancellation for non-filing of returns, citing alternative legal remedies.

CESTAT Chennai Rules in Favor of DLF Southern Homes in Classification Dispute over TMT Bars

February 9, 2024 456 Views 0 comment Print

CESTAT Chennai nullifies customs duty demand on 32mm TMT bars in DLF Southern Homes vs. Commissioner of Customs case, citing lack of expertise in adjudicating authority.

Kerala HC Upholds Reassessment Based on Estimation of Income Escaped Assessment

February 9, 2024 816 Views 0 comment Print

Kerala High Court dismisses Jibu John’s writ petition challenging assessment reopening under Section 147 for income exceeding Rs. 50 lakhs.

CESTAT Rules No Dishonest Intent: No Basis for Extended Time Limit or Penalty

February 9, 2024 435 Views 0 comment Print

CESTAT Chennai quashes customs duty demand against Blue Mount Textiles, citing issuance of show cause notice beyond the normal time limit.

Kerala HC Directs Avail Alternate Remedies: KGST Act Assessment

February 9, 2024 321 Views 0 comment Print

Kerala High Court directs Ochanthuruth Service Cooperative Bank Ltd. to avail appellate remedies against the assessment order under the KGST Act.

Assessment Order on Old PAN Appealable Despite New PAN allotment: Kerala HC

February 9, 2024 687 Views 0 comment Print

Kerala High Court rules that an income tax assessment order passed on an old PAN is appealable even if a new PAN is issued, provided the old PAN is active.

Errors in selection of comparables: ITAT Delhi Remits Matter back to TPO/AO

February 9, 2024 303 Views 0 comment Print

In the case of American Express Services India Ltd. Vs DCIT, Delhi ITAT remits the matter for correct market segment selection, following earlier order. Full text of the ITAT Delhi order included.

No Penalty for Excessive Depreciation Claim Due to bona fide Mistake

February 9, 2024 990 Views 0 comment Print

Mumbai ITAT quashes penalty in DCIT vs Sasan Power Ltd case, ruling that furnishing inaccurate expenditure claim does not constitute inaccurate particulars of income, citing bona fide mistake.

Company Failed to Appoint Internal Auditor: MCA imposes Penalty of Rs. 4.50 Lakh

February 9, 2024 402 Views 0 comment Print

Read the adjudication order on Kudos Finance & Investments Private Limited as MCA imposes a penalty of Rs. 4.50 lakh for violating Companies Act rules. Details on the penalty, violation, and appeal process

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