Judgement

ITAT follows binding High Court precedent to rule that mesne profits for overstay by tenant are taxable as revenue income, not capital receipt.

ITAT Holds Mesne Profits from SBI as Taxable Revenue Receipt: Assessee’s Appeal Dismissed

Announcement

ICAI’s Board of Studies has announced Mock Test Paper Series I and Series II for CA Intermediate May 2026

ICAI Announces Mock Test Paper Series I and II for CA Intermediate May 2026

ITAT holds that mere sale-in-transit and uncontroverted documents cannot justify 100% disallowance under Section 69C

ITAT Restricts Section 69C Addition to 6% on Sale-in-Transit Purchases

The Court held that cancellation of GST registration with retrospective effect based on a vague SCN is unsustainable in law.

Delhi High Court Quashes Retrospective GST Cancellation Due to Vague Show Cause Notice

Orders

ROC imposed penalties totalling Rs. 20.72 lakh on the company and its directors for failure to spend or timely transfer the mandatory CSR amount.

Failure to Spend CSR Funds Leads to Over Rs. 20 Lakh Penalty on Company and Directors

Section 117(1) read with Section 179(3)(g) of the Companies Act requires companies to file a copy of specific resolutions and agreements with the ROC using Form MGT-14 within 30 days of passing them.

Explore Our Blogs

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

ITAT Holds Mesne Profits from SBI as Taxable Revenue Receipt: Assessee’s Appeal Dismissed

ICAI Announces Mock Test Paper Series I and II for CA Intermediate May 2026

ITAT Restricts Section 69C Addition to 6% on Sale-in-Transit Purchases

Delhi High Court Quashes Retrospective GST Cancellation Due to Vague Show Cause Notice

Failure to Spend CSR Funds Leads to Over Rs. 20 Lakh Penalty on Company and Directors

ROC Kanpur Imposes Penalty on Company and its Directors for Not Filing MGT-14