The AO accepted this rationale, concluding that the interest expense was a business expenditure under Section 36 (1) (iii) ...

The company and its directors, Chandra Devi Biyala, Anil Kumar Bagri, and Jay Prakash Mukhiya, are required to pay the ...

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS, OFFICE OF REGISTRAR OF COMPANIES, NCT OF DELHI & HARYANA 4TH FLOOR, IFCI ...

NCLT Mumbai held that application u/s. 9 of the Insolvency and Bankruptcy Code [IBC] after three years of MSME Council Awards is beyond limitation as per Article 137 of the Limitation Act. Accordingly ...

Telangana High Court held that natural gas sold by the petitioner falls under entry 23 of 6 th Schedule of the Andhra Pradesh General Sales Tax Act, 1957 [APGST Act 1957] and not under entry 118 of 1 ...

The Income Tax Appellate Tribunal (ITAT), Kolkata, has set aside a penalty of ₹1 crore imposed on Tarai Transport Corporation ...

ITAT Chennai held that since income of the assessee is assessed by applying flat gross profit rate of 2% hence provisions of section 40A (3) cannot be invoked. Accordingly, disallowance u/s. 40A (3) ...

“An Indian Company engaged in sector/activity prohibited for FDI is permitted to issue bonus shares to its pre-existing non-resident shareholders, provided that the shareholding pattern of the ...

It is settled law that notice issued u/s. 148 of IT Act by the Assessing Officer, having no jurisdiction, the assessment order and consequent pro-ceedings are invalid. Reliance is placed on following ...

The Central Excise and Service Tax Appellate Tribunal (CESTAT), Delhi, allowed the appeal filed by Northern Coalfields ...

3. The present petition has been filed by the Petitioner inter alia challenging the Orders-in-Original dated 14 th January, 2025 and 3 rd February, 2025 issued by the Office of the Commissioner, ...

2. Implications under Section 271DA: As per the law, receiving cash payments above ₹2,00,000 attracts a penalty equal to the amount received. Though the penalty is on the recipient, the Court ...