Judgement

The MCA imposed a total penalty of Rs. 8.86 lakh on FirstMeridian Business Services Limited and two officers in default for failure to appoint a Company Secretary within the prescribed statutory period under the Companies Act, 2013.

Delay in Appointment of Company Secretary Costs Company and Directors Rs 8.8 lakh Penalty 

AAR West Bengal has rejected an application seeking clarity on the admissibility of ITC for GST paid on works contract and construction services and  ruled that it was legally debarred from entertaining the application because the exact issue was already under active investigation.

Advance Ruling Application Dismissed as ITC Dispute was Already Pending Before Enforcement Authorities

The Uttarakhand HC allowed a taxpayer a fresh opportunity to restore its cancelled GST registration after directing payment of all pending tax dues, interest, penalties, and filing of defaulted returns.

HC Directs GST Authorities to Reconsider GST Revocation Application Subject to Tax Dues Payment

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

Revenue cannot make addition in the hands of a partnership firm based on an impounded order book when the partner has already offered individual business income under presumptive taxation.

ITAT Remanded Rs 5.26 Crore Cash Deposit of Demonetisation for Fresh Adjudication

The ROC has levied a penalty of about Rs 2.92 lakh on Lokvikas Benefit Nidhi Limited and three directors for non-filing of  Financial Statements in Form AOC-4 for the FYs 2019-20 and 2020-21.

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Delay in Appointment of Company Secretary Costs Company and Directors Rs 8.8 lakh Penalty

Advance Ruling Application Dismissed as ITC Dispute was Already Pending Before Enforcement Authorities

HC Directs GST Authorities to Reconsider GST Revocation Application Subject to Tax Dues Payment

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

ITAT Remanded Rs 5.26 Crore Cash Deposit of Demonetisation for Fresh Adjudication

ROC Imposes Penalty Over Non-Filing of Financial Statements in Form AOC-4 for FY 2019-20 and 2020-21