Judgement

Reassessment under Section 147 struck down where AO relied solely on Insight Portal inputs without linking assessee to price manipulation

ITAT Quashes Reopening Based on “Borrowed Satisfaction” in LTCG Accommodation Entry Case

Orders

Since the company violated Section 134(3)(f), the ROC imposed a penalty on the company and its directors under Section 454 of the Companies Act for violation of Section 134(8) of the Companies Act, 2013

Company Faces ROC Penalty for Not Explaining Non-Compliances Reported by Auditor in Directors' Report

News

Instead of securing the seized digital assets, the officials of the audit company, with the help of police personnel, transferred funds from these wallets to private exchanges and their personal accounts.

Audit Firm Director Arrested for Stealing Seized Digital Assets of Rs 30 Crore

Assessee fails to prove 2004 agreement for sale, but ITAT holds that Assessing Officer must refer valuation to DVO when stamp value is disputed

ITAT Orders DVO Reference in Section 50C Land Sale Case; Rejects Backdated Agreement Claim

ITAT dismissed the tax department’s appeal for AY 2018-19, upholding the deletion of Rs. 2.13 crore Section 14A disallowance on mutual fund investments.

ITAT Delhi Upholds Deletion of Rs. 2.13 Crore Section 14A Disallowance on Mutual Fund Investments

ROC Kanpur fines the company Rs. 1 lakh and its three directors Rs. 3 lakh for non-compliance with the Companies Act provisions on office address disclosure.

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ITAT Quashes Reopening Based on “Borrowed Satisfaction” in LTCG Accommodation Entry Case

Company Faces ROC Penalty for Not Explaining Non-Compliances Reported by Auditor in Directors' Report

Audit Firm Director Arrested for Stealing Seized Digital Assets of Rs 30 Crore

ITAT Orders DVO Reference in Section 50C Land Sale Case; Rejects Backdated Agreement Claim

ITAT Delhi Upholds Deletion of Rs. 2.13 Crore Section 14A Disallowance on Mutual Fund Investments

ROC Levies Rs. 4 Lakh Penalty on Company and Directors for Address Non-Compliance in Form InC-22A