An overview of Annual Compliances under Company Law, income Tax Law & MSME Act for the private limited company
No independent inquiry in penny stock case – ITAT Mumbai deleted addition of Rs. 4 Cr due to denial of LTCG exemption under Section 10(38)
Delhi HC slams GST Department: Denying refund to widow after husband’s death, termed it is as “completely baseless”
Supreme Court directed all courts & Registrar to report the violation of section 269ST. Also instructed Income Tax Department to verify all such transactions
Bombay High Court imposed interest burden on the erring officer for delayed issue of the Refund – Accountability fixed
The financial liability for delay must not fall on the State Exchequer or taxpayers. It must be recovered from the officials responsible: Bombay High Court
Spa consultancy and market research involve individual expertise and fall under Independent Personal Services: ITAT Delhi
Capital Gain Exemption Allowed by Delhi ITAT in case of property sold in Individual person and investment is done two properties in two names
If a provision was not available in the statute at the time of entering into the agreement, it cannot be applied subsequently: Nagpur ITAT
