Judgement

ITAT held that reassessment beyond three years is invalid if the alleged escaped income does not exceed the statutory Rs 50 lakh threshold under Section 149(1)(b).

Income Tax Section 149: Escaped Income Refers to Real Income, Not Gross Transactions

Orders

ROC Mumbai imposed a penalty on the company and its officers in default for failing to hold a mandatory board meeting.

ROC Mumbai Orders Penalty Under Section 450 for Board Meeting Default

The companies must file their adopted financial statements with the ROC through Form AOC-4 within 30 days of their Annual General Meeting (AGM).

ROC Imposes Penalty on Company and its Directors for Not Filing Financial Statement

High Court ruled that Section 8B of the Agricultural Income Tax Act applies to income from the 2008-09 financial year.

HC Upholds Validity of Section 8B for Assessment Year 2009-10

ROC Chennai waives penalty for delayed annual return filing due to pre-notice compliance.

ROC Chennai Waives Penalty for Delay in Filing Annual Return

ITAT Mumbai remands Shilpa Shetty’s Rs. 12.54 crore gift case to the Assessing Officer for fresh examination, citing lack of proof of genuineness and creditworthiness under Section 68

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Income Tax Section 149: Escaped Income Refers to Real Income, Not Gross Transactions

ROC Mumbai Orders Penalty Under Section 450 for Board Meeting Default

ROC Imposes Penalty on Company and its Directors for Not Filing Financial Statement

HC Upholds Validity of Section 8B for Assessment Year 2009-10

ROC Chennai Waives Penalty for Delay in Filing Annual Return

ITAT Remands Rs. 12.54 Cr Gift Case of Shilpa Shetty to AO for Fresh Examination