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Blog, News, Company Law

October 11, 2023

[Opinion] Consequences of Negligence | Company and its Directors Face a Penalty of Rs 3 Lakh for not Appointing an Internal Auditor – A Case Study

[2023] 155 taxmann.com 153 (Article) … Continue reading “[Opinion] Consequences of Negligence | Company and its Directors Face a Penalty of Rs 3 Lakh for not Appointing an Internal Auditor – A Case Study”

Blog, News, GST & Customs

October 11, 2023

Order of Denial of Transitional Credit Without Providing Reasons for Such Denial to be Set Aside | Madras HC

Case Details: Alutec Facades India … Continue reading “Order of Denial of Transitional Credit Without Providing Reasons for Such Denial to be Set Aside | Madras HC”

Blog, News, Account & Audit

October 11, 2023

Presentation of “Lease Receivables” in the Financial Statements

Ind AS 116,’ Leases’ specifies … Continue reading “Presentation of “Lease Receivables” in the Financial Statements”

Blog, News, Income Tax

October 10, 2023

Excess Stock Can’t be Treated as Undisclosed Income if Assessee Identified Diff. Much Prior to Commencement of Search

Case Details: PCIT vs. Industrial … Continue reading “Excess Stock Can’t be Treated as Undisclosed Income if Assessee Identified Diff. Much Prior to Commencement of Search”

Blog, News, GST & Customs

October 10, 2023

HC Set Aside Cancellation Order Due to Failure to Provide Clear Reasons for Cancellation

Case Details: Bharti Enterprises v. … Continue reading “HC Set Aside Cancellation Order Due to Failure to Provide Clear Reasons for Cancellation”

Blog, News, GST & Customs

October 10, 2023

Intent to Evade Payment of Tax is Mandatory for Invoking Proceeding under Section 129(3) and Section 130 | HC

Case Details: Shyam Sel and … Continue reading “Intent to Evade Payment of Tax is Mandatory for Invoking Proceeding under Section 129(3) and Section 130 | HC”

Blog, News, Income Tax

October 10, 2023

CBDT Issues Clarification on Reporting of Substantial Contributors in Form 10B/10BB

Circular No. 17/2023, dated 09-10-2023 … Continue reading “CBDT Issues Clarification on Reporting of Substantial Contributors in Form 10B/10BB”

Blog, News, Company Law

October 10, 2023

SEBI Extends the Relaxation from Sending Proxy Forms for General Meetings Held Via E-mode Till 30.09.2024

Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2023/167, Dated 07.10.2023 … Continue reading “SEBI Extends the Relaxation from Sending Proxy Forms for General Meetings Held Via E-mode Till 30.09.2024”

News, Blog, Company Law

October 10, 2023

NCLT Lacks Jurisdiction to Void Gift-Based Share Transfer Since Validity of Gift Deed Needs Substantial Evidence | NCLAT

Case Details: Satori Global Ltd. … Continue reading “NCLT Lacks Jurisdiction to Void Gift-Based Share Transfer Since Validity of Gift Deed Needs Substantial Evidence | NCLAT”

Blog, Weekly Round-up

October 10, 2023

Weekly Round-up on Tax and Corporate Laws | 03rd to 7th October 2023

This weekly newsletter analytically summarises … Continue reading “Weekly Round-up on Tax and Corporate Laws | 03rd to 7th October 2023”