Madras High Court held that input tax credit [ITC] which is barred by limitation in terms of Section 16(4) of the Central Goods and Services Tax Act, 2017 [CGST Act], but, within the period prescribed in terms of Section 16(5) of the CGST Act cannot be denied.
A comprehensive vehicle insurance claim for theft cannot be repudiated or settled on a non-standard basis due to alleged taxi use, as established by Supreme Court precedent on breach of policy conditions.
In a significant decision, the Supreme Court of India dismisses an NCLT petition for oppression and mismanagement, citing a pending civil case regarding shareholding disputes in Oswal Agro Mills Ltd. and Oswal Greentech Ltd. Details on the legal battle and implications.
Delhi High Court’s landmark ruling on taxation of Category III Alternative Investment Funds, impacting India’s hedge funds with clarity on CBDT Circular 13/2014.
Understand Stridhan under Hindu Law and its taxation in India. Learn about a woman’s absolute property rights, income tax treatment, and CBDT guidelines on gold jewelry ownership.
Companies (Audit and Auditors) Amendment Rules, 2025, which becomes effective on July 14, 2025, directly impacts the filing of Form ADT-1, particularly concerning the appointment of a company’s first auditor.
Learn about Indian GST implications for MRO services provided to foreign vessels and aircraft. Understand how recent notifications classify these as zero-rated exports under specific conditions.
ITAT Delhi rules an income tax assessment is invalid if the Section 143(2) notice was not issued in the CBDT’s mandatory revised format. This jurisdictional defect voids the entire assessment proceeding.
Explore updated MSME definitions, Udyam registration, Priority Sector Lending norms, and various support initiatives for micro, small, and medium enterprises in India.
Gujarat High Court rules that interest on self-assessed GST under Section 50(1) cannot be recovered under Section 79 without prior issuance of Form GST DRC-01D intimation.
