The primary issue revolved around the procedural compliance required for reassessment proceedings, specifically the necessity for a separate “satisfaction note” for each assessment year. The Karnataka ...

The Bombay High Court dismissed appeals filed by Refrigerated Distributors Pvt Ltd against the Deputy Commissioner of Income Tax (DCIT) concerning assessment years 2007-08 to 2012-13. The central ...

In response to the show-cause notice dated March 24, 2014, the assessee issued a prompt reply on March 28, 2014 disclosing voluminous documents and claiming such documents to be the evidence of the ...

The ITAT admitted this additional ground, which focused on a procedural defect in the show-cause notice issued under Section 274 read with Section 271 (1) (c). The assessee’s counsel argued that the ...

Since the assessee accepted and deposited demonetized currency after the cutoff date, it was not legally permissible, and thus, the cash was treated as unexplained and taxed under Section 115BBE. The ...

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) in Chennai addressed an appeal by Steel Authority of India Ltd. (SAIL) against an order concerning the irregular availment of CENVAT ...

However, while dismissing the appeal, the NCLAT took a serious note of the manner in which the NCLT had passed the order dated March 15, 2022, which was the subject of the appeal. The Appellate ...

Under the Companies Act, 2013, the provisions governing declaration and payment of dividend are primarily contained in: Section 10 – Binding effect of Memorandum and Articles of Association However, ...

Union of India (2023) case clarifies the automatic disqualification of directors under Section 164(2) of the Companies Act, 2013, due to non-filing of financial statements or annual returns for three ...

Summary: This editorial outlines the annual compliance obligations for Deemed Public Limited Companies under the Companies Act, 2013, updated through March 2025. A company is considered “Deemed Public ...

Annual Return of Every Public Company should be signed by a Company Secretary in employment. There is no mandatory compliance for this quarter under Companies Act. Except above 20 (Twenty), there may ...

In this Flash editorial, the author begins by referring to the provisions of the Companies Act, 2013 read with all the Amendment Acts and rules mentioned there till March 2025. Further, author has ...