Loss suffered by assessee due to fluctuation of foreign exchange as on date of balance sheet in respect of purchase and sale of goods is an allowable expenditure under section 37(1). ... Read more..

Where CPC only acts as a facilitator to JAO and merely because assessees return was processed by CPC, the regular jurisdiction of JAO, would not be abridged and he would continue to hold the jurisdict ... Read more..

Since there was no failure on the part of assessee to record any receipt in his books of account, penalty under section 270A(9)(e) was not leviable. ... Read more..

Where assessment order was passed against the assessee without considering the detailed reply submitted by it, the said order was cryptic and was liable to be set aside. ... Read more..

Cancellation of registration with retrospective effect without any cogent reason is contrary to provisions of section 29(2) of the CGST Act, 2017. ... Read more..

Where assessment order was passed against the assessee without considering the detailed reply submitted by it, the said order was cryptic and was liable to be set aside. ... Read more..

Single Judge passed order of transfer of winding up proceedings without any application for transfer to NCLT by any party and without considering the present stage of the proceedings, there was no cre ... Read more..

Statutory auditor issued audit report during holding or controlling shares of company, which was in violation of section 141(3)(d)(i), accounting standards were not also complied with by the auditor, ... Read more..

NCLT already sanctioned Scheme of amalgamation with Appointed Date as 1-10-2020, but impugned order by changing the Appointed Date to 1-10-2022, has made the Scheme unworkable, therefore, the order of ... Read more..