Read about the Bombay High Court's judgment in Ceat Limited Vs CIT, where Ceat was entitled to interest on a tax refund exceeding 10% of the tax determined on regular assessment. The post Bo… Read More

Gratification Of Electors During Elections Demolishes Basic Structure Of Constitution And Democracy: Madras HC While ruling on a very significant legal point pertaining to bribing of voters… Read More

Explore how robust cost management strategies drive lasting change, aligning costs with revenue and leveraging technology for SME success. The post Effective Cost Management for SMEs: Transf… Read More

Explore effective capital payout strategies for equity holders, including dividends, buy-backs, and capital reduction. Learn how to optimize returns and manage risks. The post Effective Capi… Read More

Learn how the Competition Commission of India determines dominant positions of entities by considering various factors, as outlined in relevant CCI orders and Section 19(4) of the Competitio… Read More

1. The NCLAT Delhi In Anil Agrawal v. Omega as per the attached Order Delivered on: 11.04.2023 The company was formed as a joint venture (JV) between Omega Engineering Holding BV (Omega Grou… Read More

Understand the implications of the State of Haryana vs. Navir Singh case on mandatory registration of Memorandum of Entry in Karnataka and its impact on mortgage laws. The post Mandatory reg… Read More

Understand the nuances of copyright assignment contracts in perpetuity as interpreted by various court judgments, including implications and considerations for parties involved. The post Cop… Read More

Understand the implications of GST on rent for residential and commercial premises. Learn about applicable rates and exemptions for landlords and tenants. The post GST on Rent: Residential v… Read More

Explore the illogical disallowance of business expenses by assessing authorities, the burden on taxpayers, and the questionable logic behind such actions. The post Disallowance of Business E… Read More

Discover how RBI assigns lead bank responsibilities for Tamulpur, the new district in Assam, impacting financial outreach. Details inside! The post RBI Designates State Bank of India as Lead… Read More

Learn about the partial modification to IBBIs 2023 circular on liquidators' fees. Analysis of changes and their impact on insolvency professionals. The post Partial modification to IBBI&rsqu&hell…Read More

Explore the recent disciplinary actions taken by the Institute of Chartered Accountants of India in New Delhi, including removals and fines, in April 2024. The post ICAI takes Disciplinary A… Read More

Learn about the discontinuation of safeguard measures on Isopropyl Alcohol imports by the Government of India. Details in Trade Notice No.02/2024-25-DGFT. The post Government Ends Safeguard… Read More

Nowadays, mobile phones have transitioned from mere accessories to indispensable tools connecting us to the world. With affordable internet access, online shopping, banking, and e-learning a… Read More

The case of Urmila International Services Private Limited versus Jharkhand State Beverages Corporation Limited shed light on the obligations of placement agencies and the circumstances under… Read More

Read about the case of Aark Infosoft Pvt. Ltd. vs. ACIT (ITAT Ahmedabad) where the assessment was deemed void due to a delayed Section 143(2) notice. The post Assessment void if section 143(… Read More

ITAT upholds PCIT's decision on erroneous assessment orders in tax evasion case. Changela's appeals dismissed as inadequate inquiries led to erroneous orders. The post ITAT Upholds PCIT&rsqu&hell…Read More

Explore the intricacies of share buybacks in India under the Companies Act and tax considerations. Understand the legal and financial aspects for companies and shareholders. The post Guide t… Read More

Analyzing the case of Sunil Dhirubhai Patel vs ITO, where expenses were disallowed despite not being claimed by the assessee, and how the ITAT Ahmedabad ruled in favor of the assessee. The p… Read More

Yala Construction Co. Pvt Ltd's disallowances upheld by ITAT Delhi include depreciation, interest on loan, commission, and sponsorship fee. Detailed analysis and conclusion provided. The pos… Read More

Bombay High Court quashes order under Section 148A(d) of the Income Tax Act, citing insufficient time due to weekends, holidays, remands for de novo consideration. The post Insufficient time… Read More

Delve into the complexities of Input Tax Credit reversal by customers due to credit notes under Section 34 of the CGST Act for seamless GST compliance. The post Credit Issued under Section 3… Read More

Companies and LLPs in India must comply with annual filings under the Companies Act, 2013 and the Limited Liability Partnership Act, 2008. Filing with the ROC should be done annually or as a… Read More

Explore the detailed analysis of Central Board of Excise and Customs vs. GMR Hyderabad International Airport Limited case where Telangana High Court held the 'Handling of Cargo in Customs Ar… Read More

Supreme Court refuses to entertain appeal challenging NCLAT's remand of NCLT order on Resolution Plan approval. Get insights on the case between Bank of Baroda and Suchi Paper Mills. The pos… Read More

Calcutta High Court quashes assessment order against deceased Satish Agarwal. Full text judgment included. Analysis and conclusion provided. The post Calcutta High Court quashes Income Tax a… Read More

Read the detailed analysis of the CESTAT Ahmedabad order in the case of Hamon Shriram Cottrel Pvt Ltd vs Commissioner of C.E. & S.T.-Vapi. No service tax can be demanded on sale of goods… Read More

Understand the significance of filing Income Tax Returns (ITR), explore various forms, eligibility criteria, and tax planning strategies for efficient financial management. The post All abou… Read More

ITAT Ahmedabad quashes penalties under Section 271(1)(b) & 271F of the Income Tax Act, emphasizing that income determination in assessment orders cannot dictate filing of ITRs. The post… Read More

In a case involving Ansal Crown Heights Flat Buyers Association vs. Ansal Crown Infrabuild Pvt. Ltd., the Supreme Court rules that the moratorium under Section 14 of the IBC does not prevent… Read More

Ministry of Corporate Affairs imposes a penalty of ₹4 lakh on M/S. Jansansar Nidhi Limited for failure to maintain a capable registered office. Learn about the violation and its conseq… Read More

Explore recent rejections of Nidhi company incorporations, the discrepancies between rejection letters and rules, and seek clarity on regulatory amendments. The post Clarification on Rejecti… Read More

AP Studio Enterprises challenges an order dated 29.12.2023 in this writ petition, highlighting discrepancies and failure to consider evidence. Get detailed insights here. The post Failure to… Read More

In Tokyo Zairyo (India) Pvt Ltd vs Asst Commissioner, court sets aside order due to disregard of petitioner's reply. Get detailed analysis here. The post GST: Non-Attendance at Personal Hea… Read More

Discover the significance of a well-crafted signature for Chartered Accountants (CAs). Learn how your signature reflects professionalism, identity, and personality traits, and avoid common e… Read More

Explore the challenges and opportunities of cross-border mergers on organizational culture through comparative analysis. Learn strategies, insights, and recommendations for successful integr… Read More

Explore the detailed analysis of Sh Mohammed Mustafa Vs Pr. Commissioner of Customs case by CESTAT Hyderabad. Learn why intention to smuggle can't equate to attempt to export. The post Inten… Read More

The Bombay High Court upholds the discretion of the Income Tax Settlement Commission, stressing that it should not be reviewed as an appellate court. Full text judgment analysis. The post HC… Read More

Delve into the complexities of claiming Input Tax Credit (ITC) under GST, exploring Section 16 provisions, controversies, constitutional validity, and alternative arguments. The post 360-deg… Read More

Explore legal implications, international perspectives, and practical strategies regarding hub-and-spoke arrangements, offering insights into navigating regulatory complexities. The post Hub… Read More

Article explains intricate relationship between taxation and social policy, exploring India's fiscal objectives, principles of social policy, and the balance between fiscal needs & socie… Read More

Article explains challenges in complying with GST regulations in India & offers solutions like robust systems, training, tech integration. The post Compliance of GST Regulations in India… Read More

Article explains EPFO's 2024 updates including automatic PF transfer, salary limit revisions & employer contributions. Stay compliant! The post Notable changes in EPFO contributions for… Read More

Explore how India's 2024-2025 interim budget affects GST laws, compliance, MSMEs, and potential legal changes. Stay informed for business implications. The post Analysis of 2024-2025 Interim… Read More

Discover the implications of a significant Delhi ITAT ruling on cash sales pre-demonetization. Learn how it affects taxation and financial reporting. The post Important Delhi ITAT Judgment:… Read More

Ensure a hassle-free Income Tax Return (ITR) filing for AY 2024-25 with our checklist. Learn about necessary documents, deadlines, and precautions to take. The post Checklist for Filing Inco… Read More

Explore the journey of Goods and Services Tax (GST) in India, its objectives, challenges, and ongoing refinements, shaping a unified market since its implementation in 2017. The post Goods a… Read More

Learn how to file Form MSME-1 with this step-by-step guide. Ensure compliance with MSME payment regulations to avoid penalties under the Companies Act, 2013. The post Complete Guide of Filin… Read More

Discover the step-by-step process of Enterprise Risk Management (ERM) in organizations, from risk identification to continuous monitoring and documentation. The post Step-by-step process of… Read More

Learn about Section 43B(h) of the Income Tax Act and its implications for timely payments to Micro and Small Enterprises (MSEs) in India, including verification steps and best practices. The… Read More

Discover the Bombay High Courts landmark ruling prohibiting the Enforcement Directorate (ED) from recording statements at unearthly hours, preserving individuals' right to sleep. The post ED… Read More

Madras High Court sets aside assessment order due to lack of annexed documents in reply, reversing ITC worth Rs. 1.04 Cr. Details of the case and court judgment. The post Madras HC Sets Asid… Read More

In Bay-Forge Pvt Ltd vs ACIT, Madras HC quashes assessment order due to failure to click hearing button. Detailed analysis of refusal for hearing opportunity. The post Madras HC Quashes Face… Read More

Discover the case of Brahmaputra Property Hub Private Limited Vs ITO (ITAT Guwahati) regarding Section 263 of the Income Tax Act, 1961. Learn why detailed inquiry matters. The post Section 2… Read More

Learn about the importance of people management for organizational success, including proper manpower assessment, resource management, and different management styles. The post People Manage… Read More

Discover the process and regulatory framework for issuing bonus shares in a private company under the Companies Act, 2013. Learn about conditions and steps involved. The post Procedure for I… Read More

Explore the case of DCIT Vs. Bengal Brahmaputra Realty Limited (ITAT Guwahati) and understand the significance of incriminating material in income tax assessments for completed or unabated y… Read More

Marson Industries secures victory as Madras High Court sets aside orders due to lack of communication on GST proceedings. Detailed analysis of the judgment provided. The post Madras HC Sets… Read More

Kerala High Court's ruling on Malabar Parota as bread for GST classification. Detailed analysis of Modern Food Enterprises Pvt. Ltd. Vs Union of India case. The post Malabar Parota: Akin to… Read More

Read the full judgment of Madras High Court setting aside tax liability due to inadvertent error in GSTR-1, corrected in GSTR-3b. Detailed analysis provided. The post Madras HC: Error in GST… Read More

ITAT Chennai held that rejection of application in Form No. 10AB for seeking approval u/s. 80G(5)(iii) of the Income Tax Act by treating it as time barred under gist that CBDT circular no. 2… Read More

Learn about the provisions and impact of delayed payments to MSME vendors under The Companies Act, 2013 and The MSME Act, 2006. Ensure compliance and avoid penalties. The post Provisions and… Read More

Explore flaws in IND AS 116 lease accounting, its detour from accounting principles, and the dual recognition problem, with proposed solutions. The post IND AS 116: Against the basic account… Read More

आज हम अधिवक्ता अधिनियम 1961 के अंतरî&hellip…Read More

ITAT Delhi held that that cash sales that is already offered as income cannot be taxed in the grab of inflation sales to cover up demonetization currency. Accordingly, addition u/s. 68 of th… Read More

Learn the distinctions between EPF and ESIC, including eligibility, contributions, benefits, and compliance requirements. Ensure compliance with Indian social security laws. The post Know th… Read More

Understand the implications of the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2024. Learn about changes in the space sector and more. The post Foreign Exchan… Read More

CBDT achieves a record 125 APAs in FY 2023-24, marking a 31% increase. Learn about the significance and impact on transfer pricing certainty and ease of doing business. The post CBDT signs r… Read More

Explore RBI's draft directions on Payment Aggregators regulation, covering physical Point of Sale activities & online transactions. Learn about proposed amendments & key changes. The… Read More

Get clarity on FSSAI licensing applications' proof of premises requirements. Understand mandatory documents, guidelines, and responsibilities outlined by FSSAI The post FSSAI Clarification o… Read More

Understand FSSAIs guidelines for proof of premises in shared workspaces for licensing applications via FoSCoS. Learn about required documents and restrictions. The post FoSCoS Licensing: Pro… Read More

High Court grants petitioner opportunity to contest tax demand after failure to respond. Must pay 10% disputed tax & reply to notice in 3 weeks. The post Madras HC Quashes GST Demand whi… Read More

Delhi High Court rules in Kaycee Polymers Pvt. Ltd. vs Union of India that orders ignoring taxpayer replies are invalid. Get insights on this significant case. The post Order Passed Ignoring… Read More

Dive into Section 271B's mandates, penalties, and exemptions under the Income Tax Act. Explore real cases, challenges, and strategies for adherence. The post Section 271B: How to Safeguard A… Read More

Explore the concept, benefits, legal framework, and suggestions for improving the Pre-Packaged Insolvency Resolution Process (PPIRP) under the Insolvency and Bankruptcy Code (IBC) in India… Read More

Learn about tax implications of offshore indirect transfers of Indian capital assets by non-resident entities. Explore Vodafone case, amendments to Income Tax Act, and Explanation 5 of Secti… Read More

Learn about income from house property, including self-occupied, let-out, and inherited properties. Explore tax implications, deductions, and key sections of the Income Tax Act. The post Tax… Read More

Let’s compare and contrast the Annual Information Statement (AIS), Taxpayer Information Summary (TIS), and Form 26AS with the Income Tax Return (ITR) The post… Read More

Detailed analysis of Chandarani N. Goyal Vs ITO case where Mumbai ITAT ruled that money received as a security deposit, if refunded, is not taxable under section 56(2)(vii)(a) of the Income… Read More

In Chandresh P. Thakker vs National Faceless Assessment Centre case, Mumbai ITAT allows commission expenses if supported by evidence of services rendered by commission agents and income show… Read More

Mumbai ITAT clarifies that action under section 153C can't be based solely on survey material. Detailed analysis of the case and its implications. The post Action under Section 153C cannot b… Read More

ITAT Mumbai overturns AO's addition of Rs. 80 Lakh against mere Rs. 50,000 share capital infusion, ruling in favor of taxpayer's proof of subscriber genuineness. The post No Section 68 Addit… Read More

Bombay High Court nullifies GST demand on ocean freight from outside India citing ultra vires notification. Detailed analysis and conclusion provided. The post Bombay HC Invalidates GST Dema… Read More

Supreme Court ruling clarifies legal heirs' non-liability for firm debts after partner's demise. Detailed analysis & judgment overview. The post Deceased Partner’s Heirs Not Liable… Read More

CESTAT Delhi's ruling favors Indian Airlines Ltd, excluding freight & insurance from duty calculation for ATF consumed in aircraft fuel tanks. Full text of the order provided. The post F… Read More

Learn about the ruling by ITAT Kolkata stating no deduction can be claimed if employees' contributions deducted from salaries were not paid to PF & ESI accounts. Full order analysis prov… Read More

Indian Oil Employees Welfare Cooperative Society Ltd. vs ACIT (ITAT Mumbai) case discusses the eligibility of cooperative society interest income under section 80P. Read the detailed analysi… Read More

Read the Kerala High Court judgment on failure to submit proper GST documents. Detailed analysis and conclusion on Dileep Divakaran Vs State Tax Officer case. The post Failure to Respond to… Read More

Explore the updated guidelines of the RBI's Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) for promoting poverty reduction through SHGs and financial services. Th… Read More

Explore RBI's guidelines on credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) through the Master Circular, ensuring inclusive financial access. The post RBI Guidelines… Read More

Stay updated with RBI's latest circular on amendments to the Weapons of Mass Destruction Act compliance. Ensure meticulous adherence to regulatory changes. The post RBI Circular: Amendments… Read More

Understand RBIs Key Facts Statement (KFS) for loans & advances. Learn about APR, fees, charges, and borrower empowerment The post RBI Guidelines: Key Facts Statement (KFS) for Loans &amp&hell…Read More

Discover the legal provisions and procedural intricacies of converting a Private Limited Company into a One Person Company (OPC) in India for streamlined compliance and operational efficienc… Read More

Explore the worthiness of investing in NPS under Section 80CCD deduction for salary individuals/HUFs. Learn about tax benefits, registration process, and investment options. The post Is NPS… Read More

Discover ITAT ruling in case of DCIT Vs Brahmaputra Infrastructure Limited, where assessee qualifies for telescoping benefits against undisclosed income. The post ITAT Ruling: Assessee Eligi… Read More

Explore the holistic approach to right issues, including procedural intricacies and income tax implications. Learn the entire process and regulatory compliance. The post Right Issue: Procedu… Read More

Explore why India lagged behind China despite a higher GDP in 1980. Uncover the economic dynamics shaping their trajectories and the imperative for India's global competitiveness. The post W… Read More

Delve into AIS, TIS, and Form 26AS to discern if they aid or perplex the taxpayer. Learn about their contents, differences, and the need for simplification. The post Multiple Data provided b… Read More

Explore the need for clarification or amendment to Section 78 of the GST Act regarding recovery proceedings. Learn about the challenges faced by taxpayers and the potential solutions. The po… Read More