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..

Disallowance under section 14A could not exceed the exempt income earned by assessee during the year. ... Read more..

Where matter was already pending before CIT (A), he was directed to decide the appeal within a period of three months, without insisting on recovery of demand. ... 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..

Where assessee submitted reply to the show cause notice, but the same could not be uploaded due to an error in his office, an opportunity should have been given to him to upload the supporting documen ... 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..

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..

Company advanced an inter corporate loan to its subsidiary company in violation of sections 185, therefore, the company and its managing director was liable for the offence, NCLT rightly levied compou ... Read more..

Complainant filed complaint against agent of several broadcasters that it had charged higher carriage fee as compared to other media companies, which was in violation of section 4, but there were seve ... Read more..