Lifting of Corporate Veil Black Law’s Dictionary defines piercing of corporate veil as follows: “the judicial act of imposing personal liability on otherwise immune corporate officers, directors, or shareholders for the corporation’s wrongful acts” The principle of the veil of incorporation is a legal concept
MCA exempts experienced Key Managerial Personnel and Directors from Online Test on Appointment of Independent Directors G.S.R._(E):- In exercise of the powers conferred by section .1.49 read, with section 469 of the Companies Act,2013 (1g of 2013), the Central Government hereby makes the following rules
Case Covered: Jagdish Dhanajirao Jadhav Versus The Income Tax Officer Facts of the case: The brief facts in the case are that the assessee is an individual engaged in the business of sale of construction material and labor contract in the name of M/s. Kamal
Case Covered: M/S. ANANDA SOCIAL AND EDUCATIONAL TRUST Versus THE COMMISSIONER OF INCOME TAX & ANR. Facts of the case: This appeal has been preferred by the appellant – Director of Income Tax against the impugned judgment and order passed by the Delhi High Court
केस:- कर्नल रि. मदन गोपाल सिंह नेगी बनाम आयकर आयुक्त आज से ठीक एक साल पहले 28 फरवरी 2019 के निर्णय केस के तथ्य:- 1. कर्नल साहब ने 1976 में आर्मी जॉइन की। 2. 40 वर्षों तक सेना में सेवाएं दी 3. ऑपरेशन रक्षक व
Deptt asking to pay interest on gross in spite of Refex industries order. Litigation in favor of taxpayers is not helping much. Department is asking to pay interest on the gross amount. The provisions of section 50 of the CGST Act levying interest were amended.
Case Covered: Shri S. Krishnappa (HUF) Versus Deputy Commissioner of Income Tax Facts of the case: This appeal is filed by the assessee and the same is directed against the order of learned CIT(A)-4, Bengaluru, dated 20.01.2011 for the Assessment Year 2005-06. In the course
Case Covered: Nidhi Auto Pvt Ltd Versus C.C.E Noida-I Matter: Revenue contention that Cenvat Credit has been availed without the receipt of the goods. Revenue Investigation: 1. The appellant engaged in the manufacture of Sheet Metal components used for the manufacture of Air conditioners, Refrigerators,
10 Major Changes in CARO, 2020 vs CARO, 2016 in Fastrack Summary Mode As you would be aware, Companies (Auditor’s Report) Order 2020 or CARO 2020 has been notified by MCA, applicable with effect from 25th February 2020. Note that earlier it was 16 Clauses
