Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Liability of stamp duty on increase in share capital - How stamp duty is to be applied to Articles of Association in cases of increased share capital? - The Supreme Court clarified that Form No. 5, merely serving as a notice to the Registrar, does not fall within the ambit of "instrument" as defined under the Stamp Act. It underscored that only the Articles of Association, which embody the company's regulations, can be stamped, and not the procedural forms associated with it. - The Court decisively interpreted the amendment introducing a maximum stamp duty cap as a one-time measure applicable to the Articles of Association, including any subsequent increases in share capital, provided the cumulative stamp duty did not exceed the prescribed cap.
Liability of stamp duty on increase in share capital - How stamp duty is to be applied to Articles of Association in cases of increased share capital? - The Supreme Court clarified that Form No. 5, merely serving as a notice to the Registrar, does not fall within the ambit of "instrument" as defined under the Stamp Act. It underscored that only the Articles of Association, which embody the company's regulations, can be stamped, and not the procedural forms associated with it. - The Court decisively interpreted the amendment introducing a maximum stamp duty cap as a one-time measure applicable to the Articles of Association, including any subsequent increases in share capital, provided the cumulative stamp duty did not exceed the prescribed cap.
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