Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
HC quashed criminal complaints against individual auditor for alleged non-compliance with Companies Act section 143, finding prosecution malicious. The court determined that failure to specify exact degree of relationship in related party transactions does not constitute a prosecutable offense. The court held that the auditor, joined individually without the audit firm, should not face trial. Consequently, all criminal enquiries and consequential proceedings against the petitioner were set aside, effectively exonerating the individual from potential legal action related to accounting standard violations.
HC quashed criminal complaints against individual auditor for alleged non-compliance with Companies Act section 143, finding prosecution malicious. The court determined that failure to specify exact degree of relationship in related party transactions does not constitute a prosecutable offense. The court held that the auditor, joined individually without the audit firm, should not face trial. Consequently, all criminal enquiries and consequential proceedings against the petitioner were set aside, effectively exonerating the individual from potential legal action related to accounting standard violations.
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