Delhi High Court held that any award passed by an arbitrator unilaterally appointed by an interested party is vitiated. Accordingly, ex-parte arbitral award passed is liable to be set aside.
The Rajasthan High Court rejected the state’s plea to withdraw a criminal case against a BJP MLA accused of using a forged Class X certificate.
India’s agriculture sector faces reform pressures from WTO rules, climate risks, and rising costs. Government policies aim to protect farmers amidst global change.
The new US tariff regime, including a 26% reciprocal rate on India, could pressure the Rupee and key export sectors. Read how businesses can adapt.
ITAT Kolkata held that only those investments which have yielded exempt income during the year should be considered for computing disallowance under section 14A read with rule 8D of the IT Rules. Accordingly, appeal of revenue dismissed.
The ITAT Ahmedabad case of Shah Dilip Sankarchand vs. ACIT rules on jurisdictional disputes invalidating a tax assessment notice issued by an unauthorized officer.
A summary of how residential status, determined by stay duration in India, affects the taxability of an individual’s income, including rules for residents, non-residents, and companies.
ITAT Kolkata held that denial of exemption u/s. 10(23C)(via) due to inadvertent mistake of claiming exemption under section 12A instead of 10(23C)(via) is not justifiable. Accordingly, exemption granted u/s. 10(23C)(via) as requisite Form 10BB already filed.
A summary of Qualified Institutional Placement (QIP), a quick way for listed companies to raise capital from specific institutional investors in India. It covers rules, process, and benefits.
A summary of how cost audits and costing systems provide real business value by improving efficiency, reducing waste, and enabling informed decisions beyond regulatory compliance.
