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Company Audit and AGM on 31st March: ITAT upholds Rejection of Valuation Report Violating Rule 11UA [Read Order]

Navasree A.M

Delhi Bench of Income Tax Appellate Tribunal (ITAT) upheld the rejection of valuation report submitted by the assessee on the grounds that it...

Company cannot have “Salary Income”: ITAT deletes Addition by NFAC [Read Order]

Sec 69 of Income Tax Act not applicable when amount represents Sale Proceeds realized by Company:...

VAT Dues of Company cannot be recovered from Individual Directors: Orissa HC [Read Order]

Limited Company being an Inanimate Person, cannot have anything 'Personal': ITAT allows Depreciation...

Benefit for Sick Company u/s 115 JB not Available When Net Worth has Turned Positive: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently in an appeal filed before it, held that the benefit given for sick company u/s 115 JB will not available when net worth of the...

Govt mandates Physical Verification of Address while Company Formation [Read Notification]

In a significant amendment, the Ministry of Corporate Affairs (MCA), while notifying Companies (Incorporation) Third Amendment Rules, 2022, has mandated the physical verification of the address while...

Illness of MD of Company not sufficient cause for condoning delay of 1473 days: ITAT [Read Order]

Illness of Managing Director of company not sufficient cause for condoning delay of 1473 days so was held by Income Tax Appellate Tribunal (ITAT), Allahabad. The assessee, Kanodia Investments...

Manufacturer can claim Cenvat Credit of Service Tax payable under RCM: CESTAT deletes Penalty [Read Order]

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) New Delhi, while deleting a penalty order, held that the Company involved in manufacturing and clearing dutiable goods can claim cenvat...

18% GST applicable on Composite Supply under Works Contract: AAR [Read Order]

The Maharashtra Authority of Advance Ruling ( AAR ) has held that 18% GST is applicable on Composite supply under works contract. The applicant, M/s KPC Projects Ltd., got selected based on their...

“Notice of Complaint should issue separately to Company and its members to initiate proceedings u/s 138 of Negotiable Instrument Act”: Delhi HC [Read Order]

The Delhi High Court has held that if the company is the drawer of the cheque, a notice of complaint should issue separately to the company and its members to initiate proceedings under section 138...

Accountant vacancy in Wipro

The Wipro has invited applications for the post of Accounts Payable Officer. Responsibilities: Updates himself/herself regularly with Company policies on Information Security Management...

Accountant - vacancy - Wipro - jobscan - taxscan

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