Judgement

The ITAT Ahmedabad holds mere Initial-Year balance sheet insufficient to establish compliance with Section 11(2)(b).

ITAT Denies Section 11(2) Exemption for Failure to Prove Continued Investment of Accumulated Funds

Orders

Company and directors face penalty for contravening the provisions of Section 158 by not mentioning the DINs of its directors on the AOC-4 forms balance sheets. 

ROC Penalises Company and Directors for Not Mentioning DINs of Directors on AOC-4 Forms Balance Sheets

ITAT Delhi held that unpaid GST shown merely as a balance-sheet liability, without being claimed as an expenditure, cannot be disallowed under Section 43B.

No Section 43B Disallowance for Unpaid GST Shown Only as Balance Sheet Liability: ITAT

Notifications

The Ministry of Labour and Employment has notified officers under Section 31(3) of the Code on Wages, 2019, empowering them to seek employer balance sheets within defined jurisdictions.

Government Notifies Officers Empowered to Access Employer Balance Sheets under Wage Code

Committee held CA not guilty in a Rs. 42 crore bank fraud matter after CBI failed to prove that he signed two different balance sheets submitted to a bank and ROC.

Disciplinary Proceedings Closed Against Chartered Accountant In Rs. 42 Crore Bank Fraud Case

ICAI Disciplinary Committee holds CA guilty for filing Balance Sheets without schedules on MCA portal; reprimand ordered

ICAI Disciplinary Committee Reprimands CA for Filing Incomplete Balance Sheets on MCA Portal

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