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ED attaches Properties worth Rs. 9.77Cr of Ex-Directors of IDFPL against Misappropriation of Funds
Directorate of Enforcement (ED) attached properties worth Rs. 9.77 crores of former directors Ravi Ayyaswamy Ramasubramanian & Rajiv Deepak Mata...
![Company Not Required to Service Tax under RCM on Rent paid to Directors for Leasing Out Premises in Their Individual Capacity: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Company-Service-Tax-Tax-RCM-Directors-Individual-Capacity-CESTAT-Customs-Excise-Taxscan.jpg "Company Not Required to Service Tax under RCM on Rent paid to Directors for Leasing Out Premises in Their Individual Capacity: CESTAT [Read Order]")
![Unsubstantiated Personal Expenses of Directors not allowable as Business Promotion Expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Personal-Expenses-Directors-Business-Promotion-Expenses-Business-Promotion-Promotion-Expenses-ITAT-taxscan.jpg "Unsubstantiated Personal Expenses of Directors not allowable as Business Promotion Expenses: ITAT [Read Order]")
![VAT Dues of Company cannot be recovered from Individual Directors: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/VAT-Company-Individual-Directors-Directors-Individual-Directors-Orissa-High-Court-Taxscan.jpg "VAT Dues of Company cannot be recovered from Individual Directors: Orissa HC [Read Order]")
Penalty will not Sustain after Deletion of disallowance of Area-based Exemption as per Excise Notification: CESTAT [Read Order]
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), New Delhi has held that penalty will not sustain after deletion of disallowance of area-based exemption as per Excise Notification. ...
![Penalty will not Sustain after Deletion of disallowance of Area-based Exemption as per Excise Notification: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Penalty-disallowance-Area-based-Exemption-Excise-Notification-CESTAT-taxscan.jpg "Penalty will not Sustain after Deletion of disallowance of Area-based Exemption as per Excise Notification: CESTAT [Read Order]")
A Director not involved in Day-to-Day Affairs of Company cannot be Prosecuted for Cheque Bounce Cases: Allahabad HC [Read Order]
The Allahabad High Court has held that a director, who is not involved in the day to day affairs of a company, cannot be prosecuted for the offence under section 138 (Dishonour of cheque for...
![COVID-19: MCA extends minimum residence criteria relaxations for Directors for FY 2020-21 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/10/MCA-minimum-residence-criteria-relaxations-residence-directors-MCA-Circular-Taxscan.jpeg "COVID-19: MCA extends minimum residence criteria relaxations for Directors for FY 2020-21 [Read Circular]")
![MCA Amends Companies (Meetings of Board and Its Powers) Rules 2014 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/07/MCA-Taxscan.jpg "MCA Amends Companies (Meetings of Board and Its Powers) Rules 2014 [Read Notification]")
