The article explains how incorrect ESOP valuation can trigger tax disputes, penalties, and audit issues, highlighting the importance of accurate FMV determination.
The enforcement of the Labour Codes aims to simplify labour regulation, but the article highlights risks of diluted worker protections and constitutional challenges.
The Tribunal held that enhancement of import value without properly rejecting transaction value and following sequential valuation methods is legally unsustainable.
Explains how FEMA empowers RBI to approve cross-border M&A while ensuring foreign exchange control, financial stability, and alignment with economic policy.
The article explains how fear-driven cash hoarding and overconfidence in equities can undermine long-term investment goals, advocating balanced, adaptive strategies.
The Tribunal deleted an addition under Section 69A after holding that cash deposits were explained through prior bank withdrawals. The ruling affirms that redeposit of own withdrawn cash cannot be treated as unexplained.
HC upheld Section 10A deduction after finding that STP unit was a new undertaking with fresh investment and infrastructure. It ruled that unit was not formed by splitting up or reconstruction of an existing business.
The High Court set aside a GST demand after finding that the adjudicating authority failed to consider the taxpayer’s reply and the payment already made through DRC-03. The ruling reiterates that material submissions must be examined before confirming tax and penalty.
The High Court quashed a GST adjudication order after finding that notices were uploaded only under the “Additional Notices” tab, denying proper service and hearing. The case reinforces procedural safeguards under GST law.
CESTAT Kolkata held that the device i.e. Face Recognition System is clearly Automatic Data Processing machinery falling under Customs Tariff Heading [CTH] 8471 only and not under CTH 8543. Accordingly, appeals are allowed.
