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Blog, News, Income Tax

February 21, 2024

Discrepancy Between Property Values in ATS and Sale Deed Constitutes a Prima Facie Case for Income Escaping Assessment

Case Details: Smt. Geeta Devi … Continue reading “Discrepancy Between Property Values in ATS and Sale Deed Constitutes a Prima Facie Case for Income Escaping Assessment”

Blog, News, Company Law

February 21, 2024

[Opinion] ROC Slaps Rs.16 Lakh Penalty on Co. And Its Directors for Exceeding Prescribed Director’s Remuneration Limit – A Case Study

1. Background of the case … Continue reading “[Opinion] ROC Slaps Rs.16 Lakh Penalty on Co. And Its Directors for Exceeding Prescribed Director’s Remuneration Limit – A Case Study”

Blog, News, Income Tax

February 21, 2024

[Opinion] Emerging Issues in Respect of Penalties for Under-Reporting and Misreporting of Incomes

CA V K Subramani – … Continue reading “[Opinion] Emerging Issues in Respect of Penalties for Under-Reporting and Misreporting of Incomes”

News, Blog, GST & Customs

February 21, 2024

Delay in Filing of Appeal Against Cancellation of Registration Shall Be Condoned Since Petitioner’s Health Was Not Good | HC

Case Details: Shaik Abdul Azeez … Continue reading “Delay in Filing of Appeal Against Cancellation of Registration Shall Be Condoned Since Petitioner’s Health Was Not Good | HC”

Blog, Weekly Round-up

February 20, 2024

Weekly Round-up on Tax and Corporate Laws | 12th February to 17th February 2024

This weekly newsletter analytically summarises … Continue reading “Weekly Round-up on Tax and Corporate Laws | 12th February to 17th February 2024”

Blog, News, GST & Customs

February 19, 2024

No Retrospective Cancellation of GST Registration of Deceased Person Without Any Non-compliance on Record | HC

Case Details: R. Trading Co. … Continue reading “No Retrospective Cancellation of GST Registration of Deceased Person Without Any Non-compliance on Record | HC”

Blog, News, GST & Customs

February 19, 2024

Penalty Can’t Be Imposed for Mere Technical Error with Regard to Address of Consignee in E-way Bill | HC

Case Details: Spirare Energy (P.) … Continue reading “Penalty Can’t Be Imposed for Mere Technical Error with Regard to Address of Consignee in E-way Bill | HC”

Blog, News, Income Tax

February 19, 2024

Expense Incurred to Construct Bridge on a Culvert in Front of Shop to Provide Access to Customers Is Capital in Nature | ITAT

Case Details: Joginder Singh vs. … Continue reading “Expense Incurred to Construct Bridge on a Culvert in Front of Shop to Provide Access to Customers Is Capital in Nature | ITAT”

Blog, News, FEMA & Banking

February 19, 2024

Directors Resigning Before Issuance of a Cheque Are Entitled to Be Discharged from Sec. 138 NI Act Prosecution | SC

Case Details: Rajesh Viren Shah … Continue reading “Directors Resigning Before Issuance of a Cheque Are Entitled to Be Discharged from Sec. 138 NI Act Prosecution | SC”

Blog, News, Company Law

February 19, 2024

SAT Rightly Dismisses Penalty on Co. For Not Using Preferential Issue Funds as Intended as Shareholders Ratified Object | SC

Case Details: Securities and Exchange … Continue reading “SAT Rightly Dismisses Penalty on Co. For Not Using Preferential Issue Funds as Intended as Shareholders Ratified Object | SC”