Daily Archives: April 3, 2020

ICAI FAQs on LLP Settlement Scheme 2020

By | April 3, 2020

Sub: Ministry of Corporate Affairs has issued Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement Scheme, 2020 during the period starting from 1st April, 2020 and ending on 30th September, 2020. The Ministry of Corporate Affairs in pursuance of the Government of India’s efforts to provide relief to law abiding companies and Limited… Read More »

ICAI FAQs on the Companies Fresh Start Scheme 2020

By | April 3, 2020

FAQs on the Companies Fresh Start Scheme The Ministry of Corporate Affairs in pursuance of the Government of India’s efforts to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19, has introduced the “Companies Fresh Start Scheme, 2020” Further, the scheme gives an opportunity to inactive companies to… Read More »

Penalty to be levied only when it is proved that income was concealed or inaccurate particular was furnished: HC Income-tax Act

By | April 3, 2020

Penalty to be levied only when it is proved that income was concealed or inaccurate particular was furnished: HC HIGH COURT OF ALLAHABAD Principal Commissioner of Income-tax, Central Kanpur v. Dinesh Chandra Jain BHARATI SAPRU AND ROHIT RANJAN AGARWAL, JJ. IT APPEAL NOS. 276, 277 OF 2015 IT APPEAL DEFECTIVE NOS. 197, 198, 199 & 200 OF… Read More »