Court orders full compensation to a passenger injured due to crowd pressure in a general coach, emphasizing systemic failures in boarding and deboarding safety.
Explains how charitable trusts are taxed on capital gains and how reinvesting sale proceeds under section 11(1A) can qualify as deemed application, reducing tax liability.
Explains how a coordinated insolvency system will improve resolution of interconnected group companies. Key takeaway: The framework prevents value loss by enabling joint planning, common RPs, and integrated asset sales.
Explains how Section 194Q requires buyers with large turnover to deduct TDS on purchases above ₹50 lakh. Key takeaway: The buyer becomes responsible for compliance, ensuring major transactions are reported accurately.
Breaks down the three-day electronic GST approval system and how small taxpayers can benefit from the simplified registration route.
Explains the key differences in slabs, deductions, and rebates, highlighting when each regime reduces tax liability.
Breaks down India’s transfer pricing framework, recent amendments, and judicial trends, highlighting how the arm’s-length principle is applied and what taxpayers must comply with.
Explains key tax slab changes, rebate expansion, and compliance simplifications that significantly benefit salaried and middle-income earners.
Explores how intellectual property protections must coexist with public welfare to ensure access to medicines, knowledge, and technology.
CESTAT Chennai held that royalty and licence fees paid by Xiaomi India under exclusive agreement is includible in the transaction value as per section 14 of the Customs Act, 1962 read with rule 10(1)(c) of the Customs Valuation Rules. Accordingly, differential duty confirmed.
