ITAT: Delay in Form 10B Filing Does Not Bar Section 11 Exemption
Ahmedabad ITAT holds that belated filing of Form 10B is a procedural lapse and directs AO to allow Section 11 exemption if audit report is on record.
Category: Rulings
ITAT Allows Fresh Review of Gujarat Cancer Society Donation Claim (AY 2021-22)
ITAT Ahmedabad restores ₹2.15 lakh donation claim to Gujarat Cancer Society to AO for fresh verification under Section 35(1)(ii) for AY 2021-22.
IBBI Suspends Insolvency Professional for Delegating Control to Suspended Directors
IBBI suspends an insolvency professional for unlawfully delegating management control to suspended directors and failing to comply with IBC and GST requirements.
SEBI Orders Rs 5 Lac Penalty (Nishaa Anand): Stock Options Manipulation
SEBI imposed ₹5 lakh penalty on Nishaa Anand for illiquid stock options manipulation on BSE. Complete analysis of adjudication order, trading violations, and legal implications.
MSME-1 Delay Leads to Rs 15 Lakh ROC Penalty (Natrinai Ventures Ltd)
MSME-1 delay triggers maximum penalties on company and directors. Analysis of RoC Coimbatore adjudication order in the matter of Natrinai Ventures Limited.
ITAT Deletes 69A Addition (Property Sale Cash Deposit) Despite Invalid ITR
ITAT Mumbai held that cash deposits from property sale cannot be taxed under Section 69A when supported by registered sale deed, despite invalid return.
Partner’s Remuneration Eligible for 44ADA Presumptive Taxation: ITAT Delhi
ITAT Delhi allows Section 44ADA benefit on partner’s remuneration. Learn how this ruling impacts professionals and presumptive taxation.
IRDAI Penalises ‘Care Health Insurance’ for Claim Failures
IRDAI imposes ₹1 cr penalty on Care Health Insurance for major compliance lapses and irregularities, cybersecurity delays, and governance failures.
NCLAT Clarifies WhatsApp-CCI Data Sharing Case
NCLAT clarifies that WhatsApp must apply transparency and consent obligations to all data sharing, including advertising. Read the full analysis.
CSR Disclosure Failure ROC Penalty: Falcon Marine Exports
ROC Cuttack penalizes Falcon Marine Exports ₹4.5 lakh for failing to disclose CSR policy and committee details in its Board Report. Learn compliance rules.