Penalty for estimation of income and disallowances for tax non-deduction clarified: estimation-based penalties not sustainable; additions without conc...
Managerial remuneration disallowance under s.40A(2)(b) challenged over alleged tax-avoidance; appellate decision restored deletion of addition for dir...
Classification of imported goods as electronic cigarette versus tobacco product reversed for lack of proof; order set aside for jurisdictional overrea...
The notification amends the National Financial Reporting Authority appointment of Part-time members Rules, 2022 by substituting the listed entries for four specified member positions, thereby effecting a change in the composition of part-time members; the amendment takes effect upon publication in the Official Gazette. The amendment operates under the rule-making power conferred by the Companies Act and replaces prior notified entries, thereby altering the roster of designated officials eligible to serve as part-time members and governing their appointment under the Rules.
The notification amends the National Financial Reporting Authority appointment of Part-time members Rules, 2022 by substituting the listed entries for four specified member positions, thereby effecting a change in the composition of part-time members; the amendment takes effect upon publication in the Official Gazette. The amendment operates under the rule-making power conferred by the Companies Act and replaces prior notified entries, thereby altering the roster of designated officials eligible to serve as part-time members and governing their appointment under the Rules.
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