Discover how Indian banks authorized by the RBI can import gold/silver directly through IIBX in the International Financial Services Centre (IFSC). The post RBI Authorization for Gold/Silver… Read More

Discover the reasons behind the recent surge in gold prices, from shifts in market dynamics to increased buying from Eastern countries like China and India. The post Gold Price shining- Know… Read More

Unravel the complexities of GST registration in India. Learn about eligibility, steps, benefits, challenges, and compliance for businesses venturing into the GST realm. The post Understandin… Read More

In Kanak Timber House v. Assistant Commissioner of Sales Tax, Calcutta High Court rules seized goods can't be released via writ petition, invoking sub-section (6) of Section 67 CGST Act. The… Read More

Learn from the detailed analysis of the Bombay High Court's decision in M/s. Agarwal Coal Corporation Pvt. Ltd. v. Assistant Commissioner of State Tax, setting aside an erroneous Show Cause… Read More

Read the detailed analysis of the Patna High Court's dismissal of a PIL challenging sections of the GST Constitutional Amendment Act. Understand the grounds and implications of the judgment… Read More

Explore the world of mutual funds with insights into various types like equity, bond, balanced, money market, and sector funds, helping you make informed investment decisions. The post Under… Read More

Understanding taxation for NRIs: Learn about residential status, taxable income, deductions, and the importance of Double Taxation Avoidance Agreements (DTAA) in India. The post Taxation for… Read More

Discover the truth about taxation in India: Only around 4% of the population pays income tax, a surprising statistic explained through detailed analysis and estimation. The post Percentage o… Read More

Department argued that it had not received the ITAT's order through proper channels, thus absolving itself of responsibility. However, the court rejected this argument, emphasizing that once… Read More

Explore the limited role of personal income tax in India, its impact on inequality, poverty, and tax structure changes. Is it feasible for emerging nations to forego redistribution via taxat… Read More

Delhi HC explains why NFAC cannot invoke Section 144B of the Income Tax Act if a claim is not lodged within the Corporate Insolvency Resolution Process (CIRP) timeframe. Detailed analysis ba… Read More

Madras High Court quashes order due to failure to respond to SCN, disparity in GSTR returns confirms GST demand. Detailed analysis & conclusion provided. The post HC directs Fresh order… Read More

Delhi High Court's judgment on Archit Khandelwal vs Pr. Commissioner of DGST Delhi regarding the retrospective cancellation of GST registration due to discontinuing business. The post Delhi… Read More

In the case of Dipak Kumar Agarwal Vs Assessing Officer, Allahabad HC rules that the power of the assessing authority to decide on the release of seized assets is not automatically abated af… Read More

Allahabad High Court sets aside assessment order due to inadequate notice, mandates fair hearing for house tax assessment. Full judgment analysis here. The post Allahabad HC Quashes House Ta… Read More

The court's deliberation highlights the absence of any challenge to the initial re-assessment order or its revision by the Commissioner. Furthermore, the judgment underscores the principle t… Read More

Learn how to avoid non-compliance under MSME for non-payment to small and micro enterprises. Understand the implications and strategies to protect your business. The post How to Avoid Non-Co… Read More

Analysis of Om Prakash Vs PCIT (ITAT Delhi) case reveals PCIT's jurisdiction limitations on tax issues under Land Acquisition Act Section 28. The post PCIT cannot assume revisional jurisdict… Read More

Discover the Madras High Court's decision on invisible loss under TNVAT Act, remanding the case for reconsideration. Analysis and implications discussed. The post TNVAT Section 19(9) Doesn&r&hell…Read More

Delhi High Court's verdict emphasizes that merely having a pending DRC-01 is insufficient to reject a taxpayer's request for GST registration cancellation. Read the full judgment here. The p… Read More

In Pawan Insaa Vs Directorate of Enforcement, Punjab and Haryana High Court rules ECIR cannot be quashed, citing legal precedents. Read the full judgment here. The post ECIR falls outside pu… Read More

Explore the Madras High Court judgment on Bajrang & Bajrang Vs State Tax Officer (FAC), emphasizing the responsibility of registered persons to monitor the GST portal. The post Madras HC… Read More

Under GST RCM, learn if SEZ units like Waaree Energies Limited need to pay tax on certain services. Analysis of relevant notifications and rulings provided The post SEZ Units Exempt from GST… Read More

Explore the GST ruling on tax liability for SEZ units regarding advocate services under Notification No. 10/2017-IT(Rate). Understand the implications and legal provisions. The post Tax Liab… Read More

Understand the GST classification of insulating bare M.S. pipes using PU Foam and PE Film/HDPE jackets. Detailed analysis of AAR Gujarat's ruling and its implications. The post GST on Insula… Read More

Explore the CESTAT Delhi order on the admissibility of Section 108 statements under the Customs Act, revealing violations and penalties against GND Cargo Movers. The post Section 108 Customs… Read More

Read the detailed analysis as Patna HC dismisses PIL challenging provisions of 101st Constitutional Amendment for enacting GST laws. Understand the judgment's impact and implications. The po… Read More

Delhi High Court rules that GST registration can't be cancelled solely due to non-filing of returns, emphasizing the need for objective criteria. Read the detailed judgment here. The post GS… Read More

Read the Kerala High Court judgment on allegations of non-repatriation of export proceeds by Frontline Exports Pvt Ltd. Analysis and outcome included. The post Custom duty demand for alleged… Read More

Telangana High Court nullifies State GST Dept's demand order for Dott Services Ltd., citing parallel proceedings by Central GST Authority. Full text judgment included. The post Telangana HC… Read More

Understand the types of charges on property, including equitable, legal, fixed, and floating charges. Learn how these charges act as security interests and the legal frameworks governing the… Read More

Explore the detailed analysis of Jai Parkash Vs PCIT (ITAT Delhi) case where the assessment jurisdiction dispute regarding interest received under section 28 of the Land Acquisition Act was… Read More

Check the latest exchange rates for importing and exporting goods, as per Notification No. 30/2024 by the Central Board of Indirect Taxes and Customs The post Customs Exchange Rates effectiv… Read More

SEBI issues a circular mandating standardization of Private Placement Memorandum (PPM) Audit Reports for Alternative Investment Funds (AIFs) to ensure uniform compliance and reporting ease… Read More

Join the discussion on MCA's proposed changes to Insolvency and Bankruptcy Code rules. Learn how to participate and share your insights! The post Notice inviting comments, by MCA, on review… Read More

Bombay High Court quashes recovery proceedings against a company director for GST recovery from personal property, citing constitutional violations. The post Bombay HC Quashes GST Recovery P… Read More

Understand the significance of e-invoicing, its implementation, prerequisites, and FAQs. Learn how to generate e-invoices, its benefits, and clarifications to avoid penalties. The post E-Inv… Read More

Explore the definitions of common areas in real estate under RERA and the Apartment Ownership Act, their similarities, differences, and implications for property owners and developers. The p… Read More

Learn from the case of M/s Oasys Cybernetics Pvt Ltd vs State Tax Officer how erroneous reporting in GST filings can impact demands, even without revenue loss to the Government. The post Err… Read More

Maximize GST compliance and optimization for FY 2024-25 with this comprehensive guide. From LUT renewal to ITC reconciliation, ensure seamless operations and mitigate risks. The post Compreh… Read More

Explore the nexus between tax avoidance and inequality in India. Learn how legal loopholes deepen economic divides and discover strategies to address this pressing issue. The post Tax Avoida… Read More

Explore the interplay between taxation and social equity in India. Learn how progressive tax policies and targeted measures can address income disparities and promote economic opportunity fo… Read More

Kerala High Court's judgment on applicability of CBDT Circular regarding deposition of assessed tax when appeal lies only before ITAT. Analysis and conclusion provided. The post Stay on Inco… Read More

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