Independent directors relatives also should not be indebted /guarantor to company for Rs. 50 Lakhs or more Change in directors appointment Rules MCA has notified Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2018 by making amendment to the Companies (Appointment and Qualification of Directors) Rules, 2014. …
IBBI bans an Insolvency Professional for one year for quoting exorbitant fee and collusion with corporate debtor. The IP was believed to be the wife of the CA of the corporate debtor. ABCAUS Case Law Citation: ABCAUS 2326 (2018) (05) IBBI An operational creditor had filed an application …
Finance Ministers Award for Income Tax Day on 24th July 2018 The Central Board for Direct Taxes (CBDT) has asked all Pr. CCsIT/Pr. DGsIT to send nominations for the Finance Ministers Award for Income Tax Day on 24th July 2018. The award had been constituted last year and it was conferred to 22 …
RoC Additional fee of Rs 100 per day for Annual filing notified on 07-05-2018 effective from 1st July 2018. Fee is payable for belated returns. Read Notification The Companies (Registration Offices and Fees) Second Amendment Rules 2018 has been notified on 7th May 2018. Accordingly, in case the due date …
Meaning of findings and directions for limitation period of reopening notice u/s 150(1). ITAT quashed re-assessment as CIT-A made an observation not gave direction In the instant appeal the appellant assessee had challenged the proceedings initiated under section 147/148 of the Income Tax Act, 1961 (the Act) …
Reopening assessment on information of plot purchase quashed as lease deed was already with AO and the fact was known and considered by him in original assessment u/s 143(3) – HC The petitioner company had filed the instant writ petition praying for setting aside and quashing re-assessment proceedings initiated …
