Today, the Hon’ble High Court of Uttarakhand made its landmark judgment online that quashed the Presidential Rule in Uttarakhand which was imposed under Article 356 of the Constitution of India. The petitioner had alleged that the ruling BJP at the Centre, in pursuit of its objective to overthrow the …

Company Law Board (CLB) Principal Bench, New Delhi in its recent judgment has held that whenever a company is required to file any return, account or other document then it has to necessarily pass a Board Resolution to send such document to the registrar of Companies . Unless …

Scheme for Facilitating Start-Ups Intellectual Property Protection (SIPP) Introduction Intellectual Property Rights (lPRs) arc emerging as a strategic bu siness tool ror any business organization to enhance industrial competitiveness . Stru1-Ups, with limited resources and manpower. can sustain in this highly competitive world only through continuous growth  and …

In a recent judgment, ITAT Chennai has held that a statement recorded u/s 133A can not be retracted saying survey team had exerted force on the assessee when he issued a cheque by properly preparing, signing it for the amount surrendered. Case Law Details: I.T.A.No.1429/Mds./2015 Assessment Year :2007-08 …

In a recent judgment, ITAT Chennai has held that paucity of funds due to project expansion was a sufficient case not to levy penalty u/s 221(1) for non payment of self assessment tax before filing return of income.  Case Law Details: ITA No. 611/Mds/2014  Assessment Year : 2010-11 M/s. …

In a recent judgment, ITAT Chennai has stated that consent/acceptance given by assessee could not give jurisdiction and a right to the assessing authority to make an addition. The taxing authority can act only if there is power under the statute to do so. It further held that if the liabilities …