The ITAT Bangalore rules that interest under section 234C against EY Global Delivery Services should be levied on returned income, not assessed income. Read the full analysis of this significant tax ruling.
ITAT Delhi holds in the Sabharwal Food Industries Vs DCIT case that penalty under section 271(1)(c) cannot be levied simply because a claim was not accepted. Discover more about this landmark ruling.
ITAT Bangalore revives case of Comfortable Abode Pvt Ltd vs ACIT, directing re-adjudication citing lack of sufficient opportunity for the assessee. Learn more about the case and its potential implications.
The Bombay High Court maintained the cancellation of a liquor license post the demise of the license holder, clarifying the rules concerning license transfer to legal heirs or partners.
Learn about the various types of GST offences, penalties, and legal proceedings under the Goods and Services Tax (GST) system in India.
Learn about the recent updates in RBI’s Safe Deposit Locker guidelines, know your rights, responsibilities and secure your valuable assets effectively.
Explore how the principle of retirement by rotation serves as a catalyst for board continuity and the infusion of fresh perspectives in a company’s governance structure. Understand the legal nuances and exceptions of this powerful corporate mechanism.
This comprehensive guide explores importance of ESG (Environmental, Social, and Governance) in India, its implementation by various businesses, challenges faced, and potential solutions.
