The process involves retirement and reappointment of directors based on tenure. It clarifies that shareholder approval through ordinary resolution is mandatory for reappointment.
Limitation start from date when Impugned Order in Form DRC 07 uploaded on portal and not from date of detailed order: Allahabad High Court
Form 41 is now compulsory for non-residents claiming DTAA benefits, replacing Form 10F. The update mandates online filing and ensures standardized disclosure for availing treaty benefits.
Notices are increasingly triggered by AIS/TIS mismatches and automated systems. Accurate reporting and reconciliation are key to avoiding issues.
The procedure mandates prior notice and deposit for proposing a new director. It highlights compliance steps and conditions for refund of deposit.
The new rules replace old form numbers with a structured sequence across categories. The update simplifies compliance and improves clarity in tax filings.
The regulator prohibited mutual funds from participating in pre-IPO placements due to concerns over illiquidity, valuation uncertainty, and information asymmetry.
The Court held that once a GST assessment order attains finality, recovery under Section 79 can proceed without issuing prior notice to the taxpayer. It clarified that recovery actions can directly target bank accounts when dues remain unpaid. T
Tax authorities are increasingly questioning decision logic behind TDS deductions. The lack of recorded reasoning in ERPs makes compliance responses difficult.
Courts held that Section 129 cannot be invoked for minor procedural lapses without intent to evade tax. It emphasised that penalties must be proportionate and based on mens rea.
