Jurisdictional sanction requirements bar reassessment when approval comes from an authority lacking statutory competence under the applicable framewor...
Recorded sales receipts cannot be reassessed as unexplained cash credits, eliminating the basis for consequential alleged commission expenditure addit...
Sufficient cause for delayed income-tax appeals requires bona fide diligence; unsubstantiated counsel illness and assessee inaction defeat condonation...
TNMM Segmentation Limits Transfer-Pricing Adjustments to Associated-Enterprise Transactions and Requires Turnover-Based Comparable Selection for IT Se...
Levy of fine / penalty - Failure to file the copies of the Annual Returns with the Registrar of Companies, Maharashtra, Mumbai within prescribed time - bona fide delay without any mala fide intention - The applicant Company is directed to pay ₹ 50,000/- per day from the date of Default and the Directors herein shall be liable to pay fine of Rs. Fifty Thousand/- each by the 2 Directors herein i.e. in total ₹ 1,50,000/- shall be sufficient as a deterrent for not repeating the impugned default in future. - Tri
Levy of fine / penalty - Failure to file the copies of the Annual Returns with the Registrar of Companies, Maharashtra, Mumbai within prescribed time - bona fide delay without any mala fide intention - The applicant Company is directed to pay ₹ 50,000/- per day from the date of Default and the Directors herein shall be liable to pay fine of Rs. Fifty Thousand/- each by the 2 Directors herein i.e. in total ₹ 1,50,000/- shall be sufficient as a deterrent for not repeating the impugned default in future. - Tri
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
