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The authority penalized the company for failing to transfer unspent CSR funds within the statutory deadline. It held that delayed compliance still attracts penalties. The ruling emphasizes strict time

The Tribunal held that transfer pricing adjustment cannot survive without a final assessment order post-DRP directions. Repeating such addition in a Section 263 order was held invalid. The post Missed

The Tribunal upheld contravention but reduced penalties due to lack of justification for maximum fines. It emphasized proportionality in penalty determination. Key takeaway: penalty must be reasoned a

The Tribunal confirmed liability of directors under Section 42 based on their role in managing the company. It found no error in holding them responsible. Key takeaway: managerial control establishes

LIC sees no material impact on financial, operational or other activities due to the tax order.

RBI sources say that multiple issues that merited the board’s attention went unnoticed. The bank is also finding it tough to fill key positions vacated in light of the controversy, which is also one o

The ruling rejected re-characterization of share transactions as loans in absence of exceptional circumstances. Interest imputation on such transactions was deleted. The post Preference Share Transact

Major updates across income tax, GST, customs, and SEBI highlight compliance changes and key judicial rulings affecting taxpayers and businesses. The post Analysis of Notifications and Circulars for W

This guide explains how companies must create and register charges with RoC. Timely compliance ensures legal validity and avoids penalties. The post Procedure for Creation & Modification of Charg

The article explains how ESOP taxation spans salary, capital gains, DTAA, and disclosure requirements. It highlights that errors in valuation, reporting, or FTC claims can lead to significant tax expo