Explore the impact of Section 43B(h) of the Income Tax Act & MSMED Act, 2006 on SMEs. Learn how to ensure compliance and benefit from the 2023 amendment.
Explore the Bombay HC’s pivotal decision exempting individual advocates and partnerships from service tax, setting a precedent for legal service taxation.
Madras High Court rules on ITC eligibility under GST, making it easier for buyers without verifying tax payment by sellers. Key insights explained.
Delhi High Court rules that missing prosecution documents do not invalidate a chargesheet, setting a precedent in legal proceedings.
ITAT Jaipurs decision on reassessment and unexplained income in Geeta Devi Sharma vs ITO Ward 6(4) highlights key aspects of income tax law application.
ITAT Jaipur quashes PCIT’s revision under Section 263, upholding the AO’s decisions on sales promotion expenses after detailed inquiries.
Madras High Court dismisses ABT Ltd.’s writ petition, affirming GST audit’s role in detecting tax discrepancies under CGST Act, emphasizing legal compliance.
Delhi High Court sustains anticipatory bail for accused acting under main culprits directions in a significant GST evasion case, setting a legal precedent.
NCLT Hyderabad held that provisional order of attachment u/s. 5(1) of the PMLA of the properties of the corporate debtor covered under the approved resolution plan would not wipe of the protection available to such properties u/s. 32A of I&B Code.
Supreme Court held that mere delay in trial pertaining to grave offences cannot be used as a ground to grant bail. Accordingly, bail application of appellant accused under Unlawful Activities (Prevention) Act, 1967 rejected.
