Explore the essentials of Section 43B(h) & Section 15 under MSMED Act for prompt payments & legal compliance in micro, small, and medium enterprises.
Kerala High Court sets aside a GST assessment order due to the assessing authority’s error in noting objections. Read about the court’s decision to remand for re-adjudication.
Delhi High Court clarifies that referring disputes to arbitration doesn’t prevent examination of stamp duty issues in writ petitions. Learn about the court’s stance on stamp duty in legal documents.
Kerala High Court orders stay on coercive income tax recovery measures pending the resolution of appeal and stay petition, safeguarding taxpayer rights.
ITAT Pune orders re-examination of GST disallowance for Sharp Aluminium, emphasizing correct assessment based on actual GST payment dates.
Nagpur ITAT reaffirms that ITR claims not in resolution plans are extinguished upon approval, guiding taxpayers through corporate insolvency proceedings.
ITAT Mumbai rules against penalty under Sec 271G for a diamond trader’s failure to provide segmental information, emphasizing substantial compliance.
Kerala High Court remands matter for readjudication, ruling Income Tax addition invalid without notice on unsecured loans from five individuals.
NCLAT orders NCLT to review compliance with Section 7(1) in a dispute over the number of allottees before admitting CIRP against K.D. Lite Developers.
Explore the impact of Section 43B(h) of the Income Tax Act on MSMEs, including applicability, non-applicability, and compliance requirements for businesses.
