Karnataka HC upholds Flipkart’s stance on TDS under Section 195, ruling seconded employees’ salaries as reimbursements, not taxable income for Walmart Inc.
Delhi High Court sets aside DRP’s order in FIS Payment case, directing a fresh review under ITAT rulings on Section 56(2)(viib). Key legal precedents analyzed.
ITAT Delhi upholds CIT(A) ruling in Kissandhan Agri case, rejecting tax addition under Section 56(2)(viib). AO’s valuation method dismissed. Read full case details.
ITAT Mumbai ruled in favor of Jamnagar Utilities, allowing CSR donations as deductions under Section 80G, rejecting the Revenue’s appeal. Read full case details.
GSTN introduces biometric Aadhaar authentication and document verification for GST registration applicants in Uttar Pradesh, effective March 15, 2025.
Overview of IFSC Authority’s 2024 regulations on factoring, registration of receivables, and compliance requirements for financial entities in International Financial Services Centres.
Odisha Finance Department clarifies that GST does not apply to compensation for land and building acquisition, advising government offices to avoid incorrect payments.
Find the provisional list of audit firms of listed companies that haven’t filed NFRA-2 forms for the reporting period 2023-24. Updated as of 10.03.2025.
Update on CCI’s order regarding WhatsApp and Meta’s data sharing. NCLAT’s interim stay and government measures to prevent data misuse.
Overview of IBC 2016’s impact, amendments, and government’s stance on further changes, including flat registration in insolvency cases.
