Since the transactions in seized records were only notional mock trading entries and not unexplained cash credits, only brokerage income at 1% of transaction value was taxable.
Learn about the latest relaxations and optional tables in GSTR-9 and GSTR-9C for FY 2024-25, including simplified ITC and exempt supply reporting.
A deep dive into the real-world challenges faced by liquidators post-IBBI amendments — from tight SCC deadlines to complex reporting and valuation hurdles.
The NCLAT Delhi held that adverse observations made against an IRP in NCLT proceedings should not affect his reputation when no opportunity to respond was given.
Learn how to correctly report ITC claims, reversals, and reclaims in GSTR-9 for FY 2024–25 with proper table references to avoid duplication and compliance errors.
The Court’s 2025 ruling upheld CCI’s power to impose structural and personal penalties without a second notice, marking a major milestone in India’s competition law enforcement framework.
Since the existence of financial debt and default was undisputed and all procedural requirements under Section 7 were satisfied, the petition of Corporate Insolvency Resolution Process (CIRP) against Labhanshi Multitrade Private Limited (Corporate Debtor) deserved admission.
Assessee, being a charitable trust registered under Section 12A, was entitled to exemption under Sections 10(34) and 10(35) for dividend and mutual fund income therefore, denial of exemption by invoking Sections 13(1)(d) and 13(2)(h) was unjustified
Since issuance of multiple show cause notices and orders for the same tax period under the TGST/CGST Acts was contrary to law and administrative propriety. therefore, in light of the State’s assurance and Circular No. LIV(2)/33/2025 dated 14.10.2025 introducing a Standard Operating Procedure (SOP) for rectification under Section 161 of the TGST Act
The Court directed the customs authority to complete the remanded adjudication within four weeks after prolonged inaction following a previous remand order.
