Property Sold Despite Sales Tax Arrears: Madras HC Allows Commercial Tax Dept to Declare Sale Void [Read Order]

The Madurai bench of Madras High Court has permitted the Commercial Tax Department to declare a property sale as void under Section 53 of the Transfer of Property Act, 1882, in light…

Continue ReadingProperty Sold Despite Sales Tax Arrears: Madras HC Allows Commercial Tax Dept to Declare Sale Void [Read Order]

Demonetized Notes Received from Disclosed Debtors Cannot Be Treated as Unexplained Cash: ITAT [Read Order]

he Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that cash deposits in Specified Bank Notes (SBNs) received from disclosed debtors during the demonetization period cannot be treated as unexplained receipts when…

Continue ReadingDemonetized Notes Received from Disclosed Debtors Cannot Be Treated as Unexplained Cash: ITAT [Read Order]

Gross Negligence of Accountant Not a Ground for Condonation: ITAT Dismisses Income Tax Appeal with 477-Day Delay [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) dismissed an appeal filed by a charitable trust with a delay of 477 days and ruled that gross negligence on the part…

Continue ReadingGross Negligence of Accountant Not a Ground for Condonation: ITAT Dismisses Income Tax Appeal with 477-Day Delay [Read Order]

MCA Imposes Penalty on Company and its Directors for Failing to Maintain Active Registered Office as Mandated under Section 12 of Companies Act [Read Notification]

The Ministry of Corporate Affairs ( MCA ) through the Registrar of Companies ( RoC ), Andhra Pradesh has imposed penalties on Vanamali Urban Developers Private Limited and its directors…

Continue ReadingMCA Imposes Penalty on Company and its Directors for Failing to Maintain Active Registered Office as Mandated under Section 12 of Companies Act [Read Notification]