ITAT Kolkata nullified a reassessment order, ruling that ITO lacked pecuniary jurisdiction to issue a Section 148 notice for a non-corporate assessee with an income over specified limit.
A review of India’s economy in mid-2025, covering GDP growth, inflation, RBI’s rate cut and key tax changes, including new income tax slabs and digital asset taxation.
This article explains two key regulatory metrics for NBFCs in India: Net Owned Funds (NOF), a capital requirement, and Principal Business Criteria (PBC), which defines core financial activities.
The Central Board of Direct Taxes has granted income tax exemption to the Parambikulam Tiger Conservation Foundation on specific income types for multiple assessment years.
The Supreme Court of India ruled in K. Kishan vs. Vijay Nirman Company that a pending challenge to an arbitral award constitutes a pre-existing dispute, which can block insolvency proceedings under the IBC.
The Court agreed, observing that vicarious liability in criminal law requires explicit statutory provision or specific allegations linking the individual to the offence. Granting an interim stay on all proceedings against the directors, it reaffirmed that corporate officers cannot be criminally implicated merely by virtue of their office.
AI and big data are enhancing business valuation by automating tasks and improving accuracy. This guide explores applications, implementation strategies, and best practices.
The NCDRC ruled in favor of SBI Life, stating no insurance contract was formed since the insurer had not communicated its acceptance before the proposer’s death.
Learn the 8-step process for conducting IFC testing, from identifying key business processes to documenting findings, to ensure financial transparency and compliance.
A GST Health Checkup reviews a business’s GST filings and processes to find errors, reclaim missed tax credits, and ensure full compliance with current tax laws.
