Judgement

The tribunal agreed with CIT(A)'s findings, observing that once the company converted into an LLP, it was deemed to be removed from the ROC records

Reassessment Proceeding Initiated Against Non-existent Company is Invalid: ITAT Delhi

ITAT Ahmedabad deleted the Rs. 1.61 crore penalty, holding that a fully disclosed but unsustainable claim does not amount to furnishing inaccurate particulars.

ITAT Deletes Rs 1.61 Crore Penalty, Says Incorrect but Disclosed Claim Not ‘Inaccurate Particulars’

Orders

ROC Chennai penalized company and its officers for a 46-day delay in filing PAS-3 for NCD allotment

ROC Chennai Imposes Penalty for Delay in Filing Return of Allotment PAS-3

News

Due to the increasing requests, Blackstone had to increase the usual 5% withdrawal limit on its $82 billion fund to 7%.

BlackRock Restricts Withdrawals from Private Credit Fund Due to Increase in Redemption Requests

Penalty Invalid Where Authorities Applied Warehouse Regulations Instead of Special Warehouse Regulations

HC Quashes Rs. 30,000 Customs Penalty as Proceedings Invoked Wrong Warehouse Regulations

The High Court set aside the order and directed the tax authorities to share the material forming the basis of the reassessment with the petitioners within one week.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Reassessment Proceeding Initiated Against Non-existent Company is Invalid: ITAT Delhi

ITAT Deletes Rs 1.61 Crore Penalty, Says Incorrect but Disclosed Claim Not ‘Inaccurate Particulars’

ROC Chennai Imposes Penalty for Delay in Filing Return of Allotment PAS-3

BlackRock Restricts Withdrawals from Private Credit Fund Due to Increase in Redemption Requests

HC Quashes Rs. 30,000 Customs Penalty as Proceedings Invoked Wrong Warehouse Regulations

Allahabad HC Quashes Reassessment Proceedings for Not Sharing Evidence Used to Reopen Case