![Delay of 304 Days in Filing INC‑20A: MCA Imposes Penalty of ₹50k on Company and ₹1 Lakh on Director [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117535-delay-of-304-days-in-filing-inc-taxscan.webp "Delay of 304 Days in Filing INC‑20A: MCA Imposes Penalty of ₹50k on Company and ₹1 Lakh on Director [Read Order]")
Delay of 304 Days in Filing INC‑20A: MCA Imposes Penalty of ₹50k on Company and ₹1 Lakh on Director [Read Order]
The Ministry of Corporate Affairs (MCA) has imposed a penalty of Rs 50,000 on a company and Rs 1 lakh on the director for a delay of 304 days in...
![Wrong Selection of ITR 7 instead of ITR 5 is Mere Procedural Error: ITAT remits matter to Reassess Income as per ITR 5 [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117487-wrong-selection-of-itr-7-instead-of-itr-5-is-mere-procedural-error-itat-remits-matter-to-reassess-income-as-per-itr-5-taxscan.webp "Wrong Selection of ITR 7 instead of ITR 5 is Mere Procedural Error: ITAT remits matter to Reassess Income as per ITR 5 [Read Order]")
![Woman Director appointed after 1 year Delay: MCA Imposes ₹2.98 Lakh Penalty on Company & its Directors [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117539-woman-director-appointed-after-1-year-delay-mca-imposes-298-lakh-penalty-company-its-directors-taxscan.webp "Woman Director appointed after 1 year Delay: MCA Imposes ₹2.98 Lakh Penalty on Company & its Directors [Read Order]")
![Delay of 1670 Days in Filing MGT‑14 and Failure to Report Share Allotment Resolution in MGT‑14: MCA Slaps ₹2 Lakh Penalty on Company [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117529-filing-mgt-14-and-report-share-allotment-resolution-mgt-14-mca-slaps-penalty-company-taxscan.webp "Delay of 1670 Days in Filing MGT‑14 and Failure to Report Share Allotment Resolution in MGT‑14: MCA Slaps ₹2 Lakh Penalty on Company [Read Order]")
![Delhi HC Suspends Chartered Accountant for 1 Year over Irregular Allotment of Shares using Ante-Dated Stock Invests [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117559-delhi-hc-suspends-chartered-accountant-for-1-year-over-irregular-allotment-shares-using-ante-dated-stock-invests-taxscan.webp "Delhi HC Suspends Chartered Accountant for 1 Year over Irregular Allotment of Shares using Ante-Dated Stock Invests [Read Order]")
ITAT Quashes Reassessment Proceedings against Toyota Boshoku Corporation for Lack of Mandatory Approval u/s 151 [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings initiated under the Income Tax Act, 1961, holding that notices issued beyond the prescribed period...
![ITAT Quashes Reassessment Proceedings against Toyota Boshoku Corporation for Lack of Mandatory Approval u/s 151 [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117478-toyota-boshoku-corporation-taxscan.webp "ITAT Quashes Reassessment Proceedings against Toyota Boshoku Corporation for Lack of Mandatory Approval u/s 151 [Read Order]")
Supplier’s Failure to Pay GST Cannot Deny ITC to Bona Fide Buyer: Tripura HC says ‘Parliament fails to Distinguish Bona Fide Buyers’ [Read Order]
The Tripura High Court has held that the Input Tax Credit ( ITC ) cannot be denied to a bonafide buyer on failure of the Supplier to file GST ( Goods and Services Tax ) returns. The court noted...
![Supplier’s Failure to Pay GST Cannot Deny ITC to Bona Fide Buyer: Tripura HC says ‘Parliament fails to Distinguish Bona Fide Buyers’ [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117485-gst-itc-tripura-high-court-taxscan.jfif "Supplier’s Failure to Pay GST Cannot Deny ITC to Bona Fide Buyer: Tripura HC says ‘Parliament fails to Distinguish Bona Fide Buyers’ [Read Order]")
No Reopening of Settled Issues: Delhi HC Bars Plea against RBI in Property Loan Dispute with Revoked ATS and PoA [Read Order]
The Delhi High Court recently dismissed a Letters Patent Appeal pertaining to a loan dispute, noting that issues that had been already conclusively settled through earlier civil proceedings cannot be...
![No Reopening of Settled Issues: Delhi HC Bars Plea against RBI in Property Loan Dispute with Revoked ATS and PoA [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117494-no-reopening-settled-issues-delhi-hc-bars-plea-against-rbi-property-loan.webp "No Reopening of Settled Issues: Delhi HC Bars Plea against RBI in Property Loan Dispute with Revoked ATS and PoA [Read Order]")
![Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XX]](https://images.taxscan.in/h-upload/2026/01/06/500x300_2117306-annual-income-tax-case-digest-itat-decisions-2025-part-xx-taxscan.webp "Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XX]")
![Unregistered ‘Agreement to Sell’ Does Not Bar Asset Transfer in CIRP: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117492-unregistered-agreement-sell-bar-asset-transfer-cirp-nclat-taxscan.webp "Unregistered ‘Agreement to Sell’ Does Not Bar Asset Transfer in CIRP: NCLAT [Read Order]")