No change in MSMEs classification for three years  in case of change in investment in plant & machinery or turnover etc. Ministry of Micro Small and medium Enterprises have issued a notification relaxing the provisions for classification of MSMEs in case of change in terms of investment in …

Disallowance of belated deposit of Employees’ contribution of PF/ESI u/s 43B even if deposited before due date of ITR filing -Supreme Court settles the law ABCAUS Case Law CitationABCAUS 3614 (2023) (10) SC Important Case Laws relied upon by parties Allied Motors (P) Ltd. v Commissioner of Income …

Penalty u/s 271(1)(b) quashed as notice u/s 142(1) issued but no finding was as to if it was served on assessee. ABCAUS Case Law Citation ABCAUS 3613 (2023) (10) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming penalty u/s …

  CBDT extends due date for filing of various reports of audit for the Assessment Year 2022-23 to 7th October 2022   CBDT vide circular no. 19/2022 has extended due date for filing of various reports of audit for the Assessment Year 2022-23 to 7th October 2022.   …

MCA has extended the due dates for filing DIR-3 KYC and web form DIR-3 KYC Web without fee upto 15.10.2022 As per General Circular No. 09/2022 dated 28th September 2022 the Ministry of Corporate Affairs on considering the representations received, has extended the due dates for filing DIR-3 …

Amendments to Companies (Corporate Social Responsibility Policy) Rules, 2014 MCA has made amendment to Companies (Corporate Social Responsibility Policy) Rules, 2014. The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022 have been notified w.e.f. 20th September 2022. It has been provided that a company having any amount in …