Judgement

ROC has imposed a Rs 1.44 lakh penalty on the company and its directors for delay in the MGT-14 filing and directed compliance within 90 days.

ROC Slaps Penalty on Company and Its Directors for Delay in Filing Form MGT-14

ITAT condoned a 336-day delay and remanded Section 68 additions to the AO for fresh consideration after finding the delay unintentional.

ITAT Condoned 336-Day Delay in Section 68 Case After Taxpayer Cites Lack Of Online Communication Awareness

The ITAT holds fresh notice under Section 143(2) mandatory with reference to operative revised return.

ITAT Quashes CEAT’s Assessments for Want of Fresh Section 143(2) Notice After Revised Returns

ITAT has remanded the tax dispute for fresh consideration, giving the taxpayer another opportunity to explain the disputed cash, jewellery and property transactions.

Tax Dispute Over Cash, Jewellery and Property Deals Gets Fresh Lease of Life as ITAT Orders Reconsideration

HC has dismissed the tax authorities’ appeal and upheld CESTAT Mumbai’s ruling in favour of United Breweries, bringing the Rs 21.92 crore Service Tax demand to Nil.

United Breweries Secures Full Relief from Bombay High Court in Rs 21.92 Crore Service Tax Dispute

The ITAT rules that higher stamp duty value arising solely from conversion of agricultural land into non-agricultural land does not establish inadequate consideration.


ITAT Holds Stamp Duty Value Cannot Override Pre-Existing Land Sale Agreement

ITAT reduced the penalty by Rs.10,000, holding that repeated notices seeking the same information cannot automatically be treated as separate defaults.

ITAT Holds Repeated Notices Seeking Same Information Cannot Automatically Constitute Separate Defaults

The Union Cabinet has approved a new Bill to increase the number of Supreme Court judges from 33 to 37, excluding the Chief Justice, aiming for faster justice and better case handling.

Supreme Court Judge Strength to Increase from 33 to 37 for Faster Justice

The Tribunal examined the DGAP report; found that ITC benefits were already passed to buyers; held no profiteering occurred; accepted the closure report; and dismissed the proceedings against the respondent company.

Builder Cleared of Profiteering Charges After Passing Excess ITC Benefit to Homebuyers: GSTAT

Jubilant Ingrevia Limited received a GST penalty order confirming demand for FY 2017-18, alleging wrongful ITC use, and stated it planned to file an appeal before GSTAT.

Jubilant Ingrevia to Challenge Rs 2.03 Crore GST Demand Before GSTAT

Gobind Jain filed a Rs 70 crore lawsuit against IndusInd Bank, alleging wrongful termination without due process, seeking reinstatement, unpaid dues, and reputational damages in the Bombay High Court.

Rs 70 Crore Claim Row: Ex-CFO Gobind Jain Moves Bombay High Court Against IndusInd Bank Over Alleged Wrongful Dismissal

Dream Sports launched DreamStreet, its new retail broking platform, marking entry into financial services. The platform offered equity and ETF trading with AI tools to simplify investing for users.

Dream Sports Launches Dream Street: AI-Powered Entry into India’s Retail Broking Market

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

ITAT deletes Section 69A addition, holding that third-party seized documents cannot establish ownership of unexplained money without supporting evidence.

ITAT Rejects Section 69A Unexplained Money Addition Based on Alleged Over-Invoicing Entry Found in Third-Party Search

The Calcutta High Court held that GST Authority must pass reasoned order after giving Personal Hearing to taxpayer.

High Court Directs Post-Decisional Hearing Before Deciding on Unblocking ITC 

ITAT sets aside 80G rejection and grants a fresh opportunity for reconsideration by the CIT (Exemption), citing principles of natural justice.

ROC Slaps Penalty on Company and Its Directors for Delay in Filing Form MGT-14:

ROC Slaps Penalty on Company and Its Directors for Delay in Filing Form MGT-14

Also Read

About Author

Kashish Bhardwaj

Content Writer

My Recent Articles

Tags

StudyCafe Membership

Tags

StudyCafe Membership