Judgement

Gujarat HC Quashes GST Confiscation for Skipping Section 129 Procedure

GST Authorities Cannot Jump from Section 129 to Section 130 Without Completing Statutory Procedure: Gujarat HC

The court had held that when purchases are treated as bogus, only the income or the benefit portion can be brought to tax, and the entire purchases cannot be disallowed.

Only Income Component of the Alleged Bogus Purchases Can be Taxed, Not the Entire Purchases: High Court

Transfer of long-term leasehold interest treated as immovable property, not supply of service

GST Not Leviable on Assignment of GIDC Leasehold Rights, Gujarat HC Reiterates

Failure to explain auditor’s adverse remarks on statutory deposits attracts Section 134(8) penalty

ROC Imposes Penalty on Company for Inadequate Directors’ Report Disclosures

Orders

ROC imposed a penalty for failing to attach a registered valuer’s report while filing PAS-3 for securities allotment, in violation of Section 39 and Rule 12(5) of the Companies Rules.

ROC Levies Penalty on Company and Director for Non-Compliance in Securities Allotment Rules

Since the company did not comply with Section 117(1) read with 179(3)(g) of the Companies Act, the ROC slapped a penalty of Rs 2 lakh on the company and Rs 50,000 each on its directors.

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GST Authorities Cannot Jump from Section 129 to Section 130 Without Completing Statutory Procedure: Gujarat HC

Only Income Component of the Alleged Bogus Purchases Can be Taxed, Not the Entire Purchases: High Court

GST Not Leviable on Assignment of GIDC Leasehold Rights, Gujarat HC Reiterates

ROC Imposes Penalty on Company for Inadequate Directors’ Report Disclosures

ROC Levies Penalty on Company and Director for Non-Compliance in Securities Allotment Rules

Company Faces Penalty for Non-Filing Form MGT-14 for approving financial statements