ITAT Hyderabad held that denial of credit for Foreign Tax Credit merely due to delay in filing of Form 67 not justified as Form 67, although belatedly, was filed before the AO passed order u/s 143(3) of the Act. Accordingly, appeal allowed.
The Supreme Court upholds Delhi HC, confirming ITC blocking under GST Rule 86A requires evidence, disallowing arbitrary credit blocking by tax authorities.
Resignations of Independent Directors raise concerns over their autonomy in promoter-led firms. A legal and governance review explores the challenges and reforms needed.
If a company (including a Public Limited Company) wants to voluntarily wind itself up these days, it’s almost entirely governed by Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC) and the specific regulations from the Insolvency and Bankruptcy Board of India (IBBI) for voluntary liquidation.
ITAT Nagpur held that addition under section 68 towards bogus LTCG set aside as sale transaction of shares cannot be doubted. Thus, sale consideration received on sale of shares cannot be assessed as unexplained cash credit under section 68 of the Income Tax Act.
Understand Form PAS-6, the half-yearly reconciliation of share capital audit report. Learn its applicability, filing requirements, and penalties for non-compliance.
Understand Section 169 of the CGST Act on notice service modes. Learn about legal implications, portal service validity, and compliance for taxpayers.
वकालतनामा टैक्स मामलों में वकील को प्रतिनिधित्व का अधिकार देने वाला दस्तावेज है, जो GST और आयकर कार्यवाही में कानूनी सुरक्षा देता है।
Delhi High Court held that enhanced credit under GST regime by revising TRAN-1 based on revising manually excise return within specified time limit is acceptable. Accordingly, order quashed and appeal allowed.
A guide to the legal process of changing a company’s name in India, covering required approvals, filings, and compliance under the Companies Act, 2013.
