Government has no info regarding incomplete, wrong non-updated financial reports filed by companies with ROC Ministry of Corporate Affairs Press Release 08-03-2016 Submission of Financial Reports There is no information with the Government regarding companies registered in the offices of registrar of companies are incomplete, wrong and not …

No official report on world ranking for number of start-ups. There is no estimate of investment in Start-ups says Govt. Ministry of Corporate Affairs Press Release 08-03-2016 Investment in Start-ups There is no official report on world ranking for the number of start-ups in the country. There is no …

Carry Forward of Unspent CSR Funds Balance to Next Year, Company is free to decide Ministry of Corporate Affairs Press Release 08-03-2016 Carry Forward of Unspent CSR Funds The Ministry of Corporate Affairs in its circular dated 12th January 2016, has clarified that, the Board of the Company is …

Details of Investigation of Corporate Frauds by SFIO completed and prosecutions/petitions in Company Law Board filed during the period of last three years Ministry of Corporate Affairs Press Release 08-03-2016 To investigate corporate frauds of serious and complex nature the Government has set up a Serious Fraud Investigation Office …

Penalty-271(1)(c) – share application money received from different companies with common addresses The Explanation 1 to section 271(1)(c) raises rebuttable presumption and once the assessee has furnished all the evidences in support of its explanation and has substantiated his claim then the onus cost upon him is discharged and …

Penalty-2711c not imposable if income estimated u/s 144 where books of accounts not produced INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR ITA No.293(Asr)/2013 Assessment year: 2005-06 Income Tax Officer (Appellant)  vs. M/s. Age Construction Pvt. Ltd. (Respondent) Date of Order: 04-03/2016 ORDER PER A.D. JAIN, JM: This is the Department’s …