Tribunal holds procedural omission cannot replace evidence of unexplained income.

ITAT Deletes Rs 4.13 Crore Addition, Holds Non-Disclosure of Capital in Earlier ITRs Alone Cannot Justify Addition

Orders

ROC penalised the company for not disclosing a related-party loan in its Board’s Report and Form AOC-4, violating the Companies Act, 2013.

ROC Mumbai Imposes Penalty for Non-Disclosure of Related-Party Loan in Board’s Report

Judgement

Sri Muthu Malai Benefit Fund Limited and its officer Gomathi Santhi were penalised by the ROC Chennai for non-disclosure of allottees’ occupations in Form PAS-3, in violation of Rule 12(2) of the Companies Rules, 2014.

Penalty Order Passed by ROC Chennai for Non-Disclosure in Form PAS-3

The ITAT Ahmedabad rules that opening cash cannot be treated as unexplained merely due to non-disclosure in earlier ITRs if backed by financial capacity and reasonable explanation.

ITAT Holds Opening Cash Cannot Be Added Without Supporting Evidence

ROC Bangalore penalises the company and its directors with Rs 2.14 lakh for non-compliance with registered office address requirements under the Companies Act, 2013.

Company and Directors Fined for Non-Disclosure of Registered Office Change: ROC

Press Release

The RBI fined Airtel Payments Bank Limited Rs 31.8 lakh for failing to disclose certain complaints in its annual financial statements.

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ITAT Deletes Rs 4.13 Crore Addition, Holds Non-Disclosure of Capital in Earlier ITRs Alone Cannot Justify Addition

ROC Mumbai Imposes Penalty for Non-Disclosure of Related-Party Loan in Board’s Report

Penalty Order Passed by ROC Chennai for Non-Disclosure in Form PAS-3

ITAT Holds Opening Cash Cannot Be Added Without Supporting Evidence

Company and Directors Fined for Non-Disclosure of Registered Office Change: ROC

Airtel Payments Bank Fined Rs 31.8 Lakh by RBI for Non-Disclosure in Financial Statements