NCLAT clarifies that absence of GST refund/ITC claim in demand notice or Form 5 is not grounds for default under CIRP as per Section 9 of IBC.
Read the detailed judgment of Delhi High Court allowing inspection, measurement, and photography of seized articles in the case of Atsar Exports Pvt Ltd Vs Superintendent of Customs.
Case revolved around principle of restitution and whether petitioner was entitled to a refund of pre-deposit amount in light of overturning of original order.
Deliberating if gains from share sales should be taxed as Capital Gains or Business Income. Factors include investment intent, transaction frequency, and legal guidelines.
Calcutta High Court sets aside GST Cess demand on cigarettes, ruling in favor of Ankit Kumar Agarwal, citing revenue neutrality and timely filed annual return.
Rajasthan High Court emphasizes that magistrates must apply judicial mind, not act as prosecution’s post office, while taking cognizance of cases.
IFSCA invites public suggestions to review 2021 Market Infrastructure Regulations, aiming to simplify compliance and boost secondary markets in IFSC.
Learn why a reassessment notice issued under Section 148 beyond the four-year period from the end of the relevant assessment year is deemed invalid, with insights from a recent ITAT decision.
ICAI Punishes CA for failing to submit an audit report for the Ranchi Educational Society for the financial year 2017-18, withholding audit documents, and causing issues with the society’s income tax return filing
ICAI reprimands Jharkhand-based CA Anita Kumari for professional misconduct over TDS issues and wrongful retention of funds as per disciplinary order.
