CBIC assigns a common adjudicating authority for show cause notices issued to Ammega Belting India Pvt. Ltd. under Customs Act provisions.
Supreme Court rules umbilical cord stem cell banking is a healthcare service, exempt from tax. Clarifies extended limitation period requires intent to evade.
Understand the taxability of royalty income for German companies in India, DTAA applicability, and the procedure for claiming tax credits for TDS paid in India against German tax obligations.
This article explores doctrinal framework, distinctions from similar concepts, and relevant judicial pronouncements that shape commercial utility of contingent contracts in India.
In commercial law, possession often trumps ownership when it comes to liabilities, obligations, and remedies. This fundamental principle is embedded in two key contractual relationships under the Indian Contract Act, 1872: bailment and pledge. While both arise from a transfer of possession, their objectives, remedies, and commercial consequences are sharply distinct.
India’s Income Tax Department launched a major crackdown on fake deductions and bogus refunds in July 2025. Learn about the fraud, professional liabilities, and compliance measures.
Online gaming companies dispute India’s 28% GST levy, arguing lack of statutory authority and flawed classification. Supreme Court to hear final arguments July 25, 2025.
Nagpur Bench of Bombay HC flags increasing misuse of matrimonial laws and stresses the court’s role in encouraging respectful settlement of such disputes to reduce litigation and uphold justice.
The Registrar of Companies has imposed penalties on SHASHWATHA NIDHI LIMITED for a significant delay in filing a board resolution related to its financial statements, a violation of the Companies Act, 2013.
Prasad Film Laboratories Pvt. Ltd. Vs ACIT (Telangana High Court) Payments in Normal Business Course Not Deemed Dividend under Section 2(22)(e): Relief for M/s. Prasad Film Laboratories Pvt. Ltd., Telangana High Court Clears Misapplication of Deemed Dividend Provisions in Inter-Company Business Transactions Background: M/s. Prasad Film Laboratories Pvt. Ltd., a closely held company, filed appeals against […]
